Skip to Content

MainStay MacKay High Yield Muncpl Bd I MMHIX

Analyst rating as of
NAV / 1-Day Return
10.93  /  0.08 %
Total Assets
8.4 Bil
Adj. Expense Ratio
0.600%
Expense Ratio
0.600%
Fee Level
Average
Longest Manager Tenure
12.51 years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
3.53%
Effective Duration
9.99 years

Morningstar’s Fund Analysis MMHIX

Will MMHIX 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

|

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.

Unlock our full analysis with Morningstar Investor