MCOIX : MainStay MacKay California Tax Free Opportunities Fund Class I

MCOIX is a Bond Market Municipal Bond with LOW fees.

MCOIX

MainStay MacKay California Tax Free Opportunities Fund Class I

FI Score

65 /100

Expense Ratio Rating

8 /10

Expense Rating

5 /10

Market Score

6 /10

Category Score

8 /10

Market Size

6 /10

65% FI Score
  • mcoix
  • Mutual Fund
  • Bond
  • Municipal Bond

MainStay MacKay California Tax Free Opportunities Fund Class I

Expenses: 0.50% (Better than 1% of similar funds)

This is an OK choice for a Municipal Bond Bond fund. See why ยป

Fund Summary

The investment seeks current income exempt from federal and California income taxes. The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and California income taxes. It may invest up to 20% of its net assets in municipal bonds subject to the federal alternative minimum tax, and municipal bonds that pay interest that is subject to federal and California income taxes.

Largest Holdings

Amount Holding
1.54% SAN DIEGO CNTY CALIF REGL TRANSN COMMN SALES TAX REV 5%
1.44% PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%
1.34% ORANGE CNTY CALIF LOC TRANSN AUTH SALES TAX REV 4%
1.32% SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST 4%
1.31% CALIFORNIA MUN FIN AUTH REV 4%
1.29% NAPA VY CALIF UNI SCH DIST 4%
1.19% SACRAMENTO CALIF MUN UTIL DIST ELEC REV 5%
1.13% ANAHEIM CALIF PUB FING AUTH LEASE REV 5%
1.00% SACRAMENTO CALIF MUN UTIL DIST ELEC REV 4%
0.99% SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%
0.99% CONTRA COSTA CALIF WTR DIST WTR REV 5%
0.88% LOS ANGELES CALIF DEPT ARPTS REV 5%
0.85% SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%
0.84% LONG BEACH CALIF HBR REV 5%
0.83% LONG BEACH CALIF UNI SCH DIST 4%
0.79% SAN DIEGO CALIF CMNTY COLLEGE DIST 4%
0.76% CALIFORNIA HEALTH FACS FING AUTH REV 5%
0.75% IMPERIAL CALIF IRR DIST ELEC REV 5%
0.75% CALIFORNIA HEALTH FACS FING AUTH REV 5%
0.73% SAN BERNARDINO CALIF CMNTY COLLEGE DIST 4%
0.71% ANAHEIM CALIF PUB FING AUTH LEASE REV 5%
0.71% CALIFORNIA HEALTH FACS FING AUTH REV 5%
0.69% CALIFORNIA ST 4%
0.67% FOLSOM CORDOVA CALIF UNI SCH DIST SCH FACS IMPT DIST NO 5 5.25%

Minafi - The intersection of FI, minimalism & mindfulness.

Don't miss out on new posts, courses, interactive articles and more!

Join & Get Your First Course Free

© 2024   Adam Fortuna

Site Map
Triangle Graduation Cap Angle Down Book regular Phone laptop regular fire regular fire regular search regular Acorn duotone Seedling duotone thumbs down duo thumbs up duo