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MMTHX

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Analysis and statistics

  • Open
    15.6822$
  • Previous Close
    15.6822$
  • 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

MMTHX.US refers to the MainStay MacKay High Yield Municipal Fund - Class R6. It's a mutual fund focusing on high-yield municipal bonds, managed by MainStay Funds and sub-advised by MacKay Shields. The fund aims to provide investors with current income exempt from federal income tax, though it may also be subject to state and local taxes depending on the investor's location.

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Factors

Federal Funds Rate: The target rate set by the Federal Reserve for overnight lending between banks significantly impacts money market fund yields and therefore the fund's price.

Short-Term Interest Rates: Prevailing rates on short-term debt instruments (Treasury bills, commercial paper, certificates of deposit) directly influence the fund's returns.

Credit Risk: The creditworthiness of issuers whose securities are held in the fund impacts the perceived risk and thus affects the fund's price; higher risk leads to potentially lower price.

Maturity of Holdings: The average maturity of securities in the portfolio affects sensitivity to interest rate changes; longer maturities can lead to greater price fluctuations.

Supply and Demand: Overall demand for money market funds and the specific MMTHX.US fund can impact its share price, as increased demand may drive the price slightly higher.

Fund Expense Ratio: The fees charged by the fund manager can impact the net return to investors and therefore influences the price to some extent.

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