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Morningstar

MainStay MacKay NY Tax Free Opps C MNOCX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.58  /  +0.11 %
  • 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 Medium/Extensive
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.30%
  • Effective Duration 7.80 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:33 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.

  • Process Pillar

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

  • People Pillar

    The People Pillar is our evaluation of the MNOCX 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 MNOCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MNOCX

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

BlackRock Liquidity MuniCash Instl

3.01 35.5 Mil
Cash and Equivalents

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

1.83 21.6 Mil
municipal

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

1.73 20.5 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.784%

1.31 15.5 Mil
municipal

NUVEEN NEW YORK AMT-FREE MUN INCOME FD 0%

1.27 15.0 Mil
municipal

BATTERY PK CITY AUTH N Y REV 5%

1.18 13.9 Mil
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0%

1.12 13.3 Mil
municipal

OSWEGO N Y CITY SCH DIST 4.75%

1.06 12.6 Mil
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.04 12.2 Mil
municipal

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

0.99 11.7 Mil
municipal