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Morningstar

MainStay MacKay Short Term Municipal I MSTIX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.13  /  0.08 %
  • Total Assets 911.9 Mil
  • Adj. Expense Ratio
    0.400%
  • Expense Ratio 0.400%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.77%
  • Effective Duration 2.09 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:07 PM GMT+0

Morningstar’s Analysis MSTIX

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

People Pillar

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

Strength in MainStay MacKay Short Term Municipal I'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

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MSTIX

More MSTIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 284
  • Other Holdings 6
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 0%

1.55
16,048,324
municipal

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

1.51
15,697,002
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.50
15,567,895
municipal

ARIZONA HEALTH FACS AUTH REV 0%

1.42
14,706,670
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4%

1.29
13,382,546
municipal

DETROIT MICH SEW DISP REV 0%

1.23
12,789,530
municipal

LEHIGH CNTY PA GEN PURP AUTH REVS 0%

1.20
12,433,258
municipal

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

1.20
12,430,787
municipal

LUCAS CNTY OHIO ECONOMIC DEV NONTAX REV 5.25%

1.17
12,093,504
municipal

MONTGOMERY CNTY PA INDL DEV AUTH HEALTH SYS REV 5.25%

1.13
11,726,268
municipal