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MainStay MacKay High Yield Muncpl Bd C MMHDX

Analyst rating as of
  • NAV / 1-Day Return 11.74  /  0.01 %
  • Total Assets 7.9 Bil
  • Adj. Expense Ratio
    1.620%
  • Expense Ratio 1.620%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.92%
  • Effective Duration 9.95 years

Morningstar’s Analysis MMHDX

Will MMHDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

An experienced team leads this high-yield muni offering.

Senior Analyst

Summary

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MainStay MacKay High Yield Municipal Bond's experienced muni investment team follows a dynamic approach to achieve strong performance. This tight-knit group has been together for many years, and its growing credit analyst team, low personnel turnover, and fund ownership earn an upgrade to a High People rating. The strategy’s cheapest share classes now carry a Morningstar Analyst Rating of Silver; its costlier share class is rated Neutral.

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