11.80 Up +0.01 +0.08%
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 11.79
Category High Yield Muni
Net Assets 447.60 Mil
Yield 4.16%
Morningstar Risk Above Average
Morningstar Return Average
  • Last NAV update 8/29/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks a high level of current income exempt from federal income taxes; the secondary objective is total return. The fund invests at least 80% of its assets in municipal bonds. The Subadvisor intends to invest at least 65% of the fund's net assets in medium- to low-quality bonds as rated by at least one independent rating agency, including up to 10% of its net assets in municipal bonds that are the subject of bankruptcy proceedings, that are in default as to the payment of principal or interest, or that are rated in the lowest rating category by an independent rating agency or if unrated, judged to be of comparable quality by the Subadvisor.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return NA 11.96% 16.84% -5.87% 13.40%
Value ($) NA NA NA NA NA
  • Year to date performance as of 8/29/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family MainStay
Fund Manager John Loffredo
Tenure (Years) 4
Fund Status Open
Minimum Initial Purchase 25,000.00
Minimum IRA Investment 25,000.00
Front Load 4.50
Expense Ratio 0.87%
PERFORMANCE
Symbol Value ($)
1 Month 1.61%
3 Months 1.87%
1 Year 16.77%
3 Years* 9.12%
5 Years* NA
  • * Annualized returns
  • Performance as of 8/29/2014 12:00 AM ET
PEER COMPARISON
  MMHAX High Yield Muni
5-Yr Return NA 7.78%
Sharpe Ratio 1.40 1.63
Net Assets 447.60 Mil 376.41 Mil
Avg Market Cap 30.94 Bil 27.98 Bil
Avg P/E 8.60 NA
Portfolio Turnover 95 34
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 0.85%
Fixed Income 102.53%
Other 0.49%
TOP 10 HOLDINGS
NAME % NET ASSETS
Golden St Tob Securitization C Enhanc 5% 2.06%
Metropolitan Wash D C Arpts Au Second 5% 1.85%
Puerto Rico Comwlth Infrastruc Spec 5.5% 1.68%
Puerto Rico Comwlth Hwy & Tran Tra 5.25% 1.38%
Dutchess Cnty N Y Indl Dev Agy Rev Bd 5% 1.20%
Illinois St Go Bonds 5% 1.07%
Ohio Cnty Ky Pollution Ctl Rev Ref Re 6% 1.02%
Texas Private Activity Bd Surf Rev 6.75% 0.98%
Virginia Small Busn Fing A Rev Bds 5% 0.95%
Anaheim Calif Pub Fing Auth 4.75% 0.91%
DATA PROVIDERS

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