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MainStay MacKay Short Term Municipal A MSTAX

Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.21  /  +0.01 %
  • Total Assets 778.3 Mil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.690%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 15,000
  • Status Open
  • TTM Yield 2.94%
  • Effective Duration 2.10 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:33 PM GMT+0

Morningstar’s Analysis MSTAX

Will MSTAX outperform in future?

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

Strength in MainStay MacKay Short Term Municipal A's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of 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.

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Portfolio Holdings MSTAX

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

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.95 15.9 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 0%

1.81 14.8 Mil
municipal

Other Assets & Liabilities

1.62 13.2 Mil

TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 0%

1.61 13.1 Mil
municipal

DETROIT MICH SEW DISP REV 0%

1.58 12.9 Mil
municipal

CAPITAL AREA HSG FIN CORP TEX MULTI-FAMILY HSG REV 0.29%

1.56 12.7 Mil
municipal

ARIZONA HEALTH FACS AUTH REV 0%

1.52 12.4 Mil
municipal

LEHIGH CNTY PA GEN PURP AUTH REVS 0%

1.44 11.7 Mil
municipal

MONTGOMERY CNTY PA INDL DEV AUTH HEALTH SYS REV 5.25%

1.42 11.6 Mil
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 5.5%

1.33 10.8 Mil
municipal