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MainStay High Yield Municipal Bond A

MMHAX
12.75
+0.00
+0.01%
7/25/2016
5 Years
  • Previous Close

    12.75

  • Net Assets

    863.56M

  • Yield

    3.84%

  • Front load

    4.50

  • Expenses

    0.87%

  • Category

    High-Yield Muni

  • Morningstar Risk

    Above Average

  • Morningstar Rating ★★★★
Profile

Name of Issuer

MainStay

Fund Style

Open

Fund Manager

John Loffredo

Investment Style

-

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.

Purchase Information

Initial Purchase 25,000
Initial Purchase: IRA NA
Initial Purchase: AIP NA

Inception

3/31/2010

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