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MMHBX

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Analysis and statistics

  • Open
    7.2089$
  • Previous Close
    7.2089$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

MMHBX.US refers to MainStay MacKay High Yield Builder Fund (MMHBX), a mutual fund offered in the United States. It generally invests in a portfolio of high-yield, fixed-income securities, commonly known as "junk bonds," seeking to provide a high level of current income. The fund's strategy typically involves investing across various sectors and credit qualities within the high-yield market. It's important to note that high-yield bonds carry a greater degree of credit risk compared to investment-grade bonds, meaning there's a higher probability that the issuer may default on their debt obligations.

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Factors

Interest Rates: Higher interest rates generally lead to increased yields and thus potentially a higher share price or net asset value NAV of the money market fund, as it reinvests in higher-yielding short-term securities. Conversely, falling rates can lower yields and NAV.

Credit Risk: Deterioration in the creditworthiness of issuers of securities held by MMHBX.US can negatively impact the fund's NAV if there are defaults or downgrades. Riskier assets offer higher yield, but create more risk.

Fund Expenses: The fund's expense ratio, which covers management fees and operating costs, directly reduces the returns to investors. A higher expense ratio results in a lower yield and potentially less competitive performance compared to similar funds.

Market Demand: Increased investor demand for safe-haven assets, such as money market funds, can drive up the share price, although money market funds aim to maintain a stable NAV. Conversely, decreased demand can lead to outflows, potentially putting downward pressure.

Regulatory Changes: New regulations impacting money market funds, such as reserve requirements or permissible investments, can affect the fund's operations and returns. These changes can alter the fund's costs or its ability to generate yield.

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