MainStay High Yield Municipal Bond Fund Class C

 (MUTF:MMHDX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.17%
   
1 week   +0.14%
   
4 week   +2.18%
   
3 month   +3.47%
   
YTD   +1.82%
   
1 year   +14.96%
   
3 years*   +7.62%
   
5 years*   -  
*annualized
Best 3 month return+7.34%  
Worst 3 month return-11.13%  

Morningstar statistics

Morningstar category: High Yield Muni
  Return Risk Rating
3 years Above Average Above Average
5 years     -     - -
10 years     -     - -
Overall Above Average Above Average

Key statistics

Total assets1.65B 
Front load-  
Deferred load1.00%  
Expense ratio1.65%  
Management fee-  
Fund familyMainStay 

Asset allocation

Cash1.91%  
Stocks0.00%  
Bonds101.66%  
Other-3.57%  

Purchase information

Initial$2,500  
Additional$50  
IRA Initial$2,500  
AIP Initial$2,500  
AIP Additional$50  
12.23+0.01(0.08%)
Jan 28, 4:00PM EST Overall Morningstar RatingTM

Description

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.
Fund filings (PDF) »
Asset managers:
John Loffredo (Started: Mar 31, 2010)
Scott Sprauer (Started: Feb 28, 2014)
Michael Petty (Started: Mar 31, 2010)
David Dowden (Started: Feb 28, 2014)
Robert DiMella (Started: Mar 31, 2010)
Advisor Company:
New York Life Investment Management LLC
Fund family reports on Morningstar »
MainStay, 51 Madison Avenue, New York NY 10010, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* 2.37 1.43     -     -
Beta* 1.50 1.54     -     -
Mean annual return 1.29 0.67     -     -
R-squared* 89.71 86.14     -     -
Standard deviation 3.41 6.16     -     -
Sharpe ratio 4.52 1.29     -     -
* Against standard index

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