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Morningstar

MainStay MacKay High Yield Muncpl Bd I MMHIX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 11.10  /  0.14 %
  • Total Assets 7.9 Bil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 4.31%
  • Effective Duration 8.58 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:07 PM GMT+0

Morningstar’s Analysis MMHIX

Will MMHIX outperform in future?

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

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MMHIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MMHIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of MMHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Municipal credit research takes front and center.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

MainStay MacKay High Yield Municipal Bond's seasoned investment team and relative-value-driven, time-tested approach make this a compelling offering.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings MMHIX

More MMHIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1255
  • Other Holdings 16
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

2.18
170,162,925
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.56
121,648,114
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.34
104,935,998
municipal

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0%

1.25
97,902,034
municipal

METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 4%

1.20
93,455,536
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.10
85,716,888
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 4.375%

0.96
74,663,406
municipal

GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 4%

0.93
72,519,308
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 5%

0.89
69,564,902
municipal

NEW JERSEY ST TPK AUTH TPK REV 0%

0.83
64,922,728
municipal