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Morningstar

MainStay MacKay CA Tax Free Opps Inv Cl MSCVX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.63  /  −0.40 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.780%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.50%
  • Effective Duration 8.59 years

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:06 PM GMT+0

Morningstar’s Analysis MSCVX

Will MSCVX 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 MSCVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

MainStay MacKay CA Tax Free Opps Inv Cl 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-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MSCVX

More MSCVX 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

4.35 49.1 Mil
Cash and Equivalents

LOS ANGELES CALIF DEPT WTR & PWR REV 0%

1.95 22.0 Mil
municipal

SACRAMENTO CALIF MUN UTIL DIST ELEC REV 0%

1.84 20.7 Mil
municipal

SOUTHERN CALIF PUB PWR AUTH SOUTHN TRANSMISSION SYS RENEWAL PROJ REV 5.25%

1.78 20.1 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.62 18.2 Mil
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.45 16.4 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.75%

1.43 16.1 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

1.16 13.0 Mil
municipal

LONG BEACH CALIF UNI SCH DIST 4%

1.12 12.6 Mil
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.09 12.2 Mil
municipal