MainStay MacKay High Yield Municipal Bond Fund, Class C (MMHDX)

The MainStay MacKay High Yield Municipal Bond Fund, Class C (MMHDX) is a mutual fund that primarily invests in high-yield municipal bonds. These bonds are issued by state and local governments to fund various projects and are considered to have a lower risk of default compared to corporate bonds. The fund aims to provide investors with a steady stream of income through the interest payments from these bonds. As a Class C fund, it may have higher fees compared to other classes, but it also offers the potential for higher returns. Overall, MMHDX is a suitable option for investors seeking a balance of income and risk in their portfolio.