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Morningstar

MainStay MacKay US Infrastructure Bd I MGOIX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 7.52  /  +0.44 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.42%
  • Effective Duration 5.75 years

USD | NAV as of Jul 05, 2024 | 1-Day Return as of Jul 05, 2024, 9:50 PM GMT+0

Morningstar’s Analysis MGOIX

Will MGOIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MGOIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MGOIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MGOIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in MainStay MacKay US Infrastructure Bd I's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MGOIX

More MGOIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Emory University 2.143%

1.83 20.9 Mil
Corporate

NATIONAL FIN AUTH N H UTIL REV 6.89%

1.76 20.0 Mil
municipal

TEXAS NAT GAS SECURITIZATION FIN CORP REV 5.102%

1.60 18.2 Mil
municipal

METROPOLITAN PIER & EXPOSITION AUTH ILL PROJ REV 7.2%

1.07 12.2 Mil
municipal

MISSOURI ST HWYS & TRANS COMMN ST RD REV 5.445%

1.05 12.0 Mil
municipal

NATIONAL FIN AUTH N H INDL DEV REV 0%

1.05 12.0 Mil
municipal

Other Assets & Liabilities

1.05 11.9 Mil
—

METROPOLITAN TRANSN AUTH N Y REV 6.548%

1.02 11.6 Mil
municipal

JOBSOHIO BEVERAGE SYS OHIO STATEWIDE LIQUOR PROFITS REV 4.532%

1.02 11.6 Mil
municipal

Virginia Power Fuel Securitization LLC 4.877%

1.00 11.4 Mil
Corporate