MainStay MacKay Short Term Municipal has undergone multiple transitions in its recent history and has not demonstrated an edge within its category since it was last reorganized in 2018. This limits its Morningstar Analyst Rating to Neutral for most share classes, while its most expensive investor share class earns a Negative rating.
Will MSTAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MSTAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MSTAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MSTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.