Mainstay High Yield Municipal Bond Fund
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Mainstay high yield municipal bond fund. Mainstay mackay high yield municipal bond fund seeks a high level of current income exempt from federal taxes by investing in municipal bonds include debt obligations issued by or on behalf of a. See mainstay mackay high yield muncpl bd fd mmhax mutual fund ratings from all the top fund analysts in one place. The fund invests at least 80 of its assets net assets plus any borrowings for investment purposes in municipal bonds. No sales charge applies to class a and investor class share investments of 1 000 000 or more 250 000 or more with respect to mainstay california tax free opportunities fund mainstay high yield municipal bond fund mainstay new york tax free opportunities fund mainstay tax advantaged short term bond fund mainstay tax free bond fund mainstay floating rate fund mainstay short duration.
It may invest 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 a nrsro or if unrated judged to be of comparable. Mmhix a complete mainstay mackay high yield municipal bond fund i mutual fund overview by marketwatch. No sales charge applies to class a and investor class share investments of 1 000 000 or more 250 000 or more with respect to mainstay california tax free opportunities fund mainstay high yield municipal bond fund mainstay new york tax free opportunities fund mainstay tax advantaged short term bond fund mainstay tax free bond fund mainstay floating rate fund mainstay short duration. Overall based on risk adjusted returns from among 169 high yield muni funds 1 07.
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