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MainStay MacKay NY Tax Free Opps C MNOCX

Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.67  /  +0.04 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.020%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.02%
  • Effective Duration 8.23 years

USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 10:04 PM GMT+0

Morningstar’s Analysis MNOCX

Will MNOCX outperform in future?

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

MainStay MacKay NY Tax Free Opps C boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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Portfolio Holdings MNOCX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

1.96 22.0 Mil
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25%

1.84 20.6 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.784%

1.40 15.6 Mil
municipal

NUVEEN NEW YORK AMT-FREE MUN INCOME FD 0%

1.34 15.0 Mil
municipal

BATTERY PK CITY AUTH N Y REV 5%

1.25 14.0 Mil
municipal

BlackRock Liquidity MuniCash Instl

1.17 13.1 Mil
Cash and Equivalents

OSWEGO N Y CITY SCH DIST 4.75%

1.12 12.6 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y SALES TAX REV 5.5%

1.07 11.9 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH NY REVS 5.5%

1.02 11.4 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 5.25%

1.01 11.3 Mil
municipal