| Scorecard |
|---|
|
5 / 5 Stars
|
|
Lipper
5
5
3
3
1
|
|
Zacks Investment Research
1
(Strong Buy)
|
|
Standard & Poor's
2 / 5 Stars
|
|
TheStreet.com
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|
U.S. News evaluated 38 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 10.75 percent over the past year, and 10.62 percent over the past three years.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 2.8% |
| 1 Year | 10.8% |
| 3 Years (Annualized) | 10.6% |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
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.
Fees
Fees are High compared to funds in the same category.
MainStay High Yield Municipal Bond Fund has an expense ratio of 1.61 percent.
Risk
Risk is Average compared to funds in the same category according to Morningstar.
