St. Clair Shs -Y-2- Munder Institutional Government Money Market Fund
Name
As of 03/31/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$474 M
Holdings in Top 10
47.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 03/31/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MIPXX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.01%
- Dividend Yield 5.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMainstay Money Market Fund
-
Fund Family NameNew York Life Investment Management LLC
-
Inception DateAug 31, 2020
-
Shares Outstanding66585
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerManagement Team
Fund Description
The Fund invests in short-term, high-quality, U.S. dollar-denominated securities that generally mature in 397 days (13 months) or less. The Fund maintains a dollar-weighted average maturity of 60 days or less and maintains a dollar-weighted average life to maturity of 120 days or less. The Fund seeks to maintain a stable $1.00 net asset value per share using the amortized cost method of valuation by operating as a “retail money market fund,” as such term is defined or interpreted pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended. As a “retail money market fund,” the Fund may be subject to the implementation of liquidity fees and gates on redemptions.
The Fund may invest in obligations issued or guaranteed by the U.S. government or any of its agencies or instrumentalities; U.S. and foreign bank and bank holding company obligations, such as certificates of deposit, bankers' acceptances and Eurodollars; commercial paper; time deposits; repurchase agreements; and corporate debt securities. The Fund may invest in variable rate notes, floating rate notes, and mortgage-related and asset-backed securities. The Fund may also invest in foreign securities that are U.S. dollar-denominated securities of foreign issuers.
The Fund will generally invest in obligations that mature in 397 days or less, substantially all of which will be held to maturity. However, the Fund may invest in securities with a face maturity of more than 397 days provided that the security is a variable or floating rate note that meets the applicable regulatory guidelines with respect to maturity. Additionally, securities collateralizing repurchase agreements may have maturities in excess of 397 days.
Investment Process: NYL Investors LLC, the Fund's Subadvisor, seeks to achieve the highest yield while also seeking to minimize risk, maintain liquidity and preserve principal. The Subadvisor selects securities based on an analysis of the creditworthiness of the issuer. The Subadvisor works to add value by emphasizing specific securities and sectors of the money market that appear to be attractively priced based upon historical and current yield spread relationships.
The Subadvisor’s investment process relies on a comprehensive fundamental investment discipline, including, but not limited to, consideration of environmental, social and governance (“ESG”) factors that may be material to a company’s performance and prospects. In addition to internal research, the Subadvisor may use third-party ESG data to compare internal views with external perspectives.
The Subadvisor may sell a security prior to maturity if it no longer believes that the security will contribute to meeting the investment objective of the Fund.
MIPXX - Performance
Return Ranking - Trailing
Period | MIPXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.0% | 0.0% | 5.56% |
1 Yr | N/A | 0.0% | 0.0% | 5.56% |
3 Yr | N/A* | 0.0% | 0.0% | N/A |
5 Yr | N/A* | 0.0% | 0.0% | N/A |
10 Yr | N/A* | 0.0% | 0.0% | N/A |
* Annualized
Return Ranking - Calendar
Period | MIPXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | 0.0% | 0.0% | 18.13% |
2022 | N/A | 0.0% | 0.0% | N/A |
2021 | N/A | 0.0% | 0.0% | N/A |
2020 | N/A | 0.0% | 0.0% | N/A |
2019 | N/A | 0.0% | 0.0% | N/A |
Total Return Ranking - Trailing
Period | MIPXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.0% | 0.3% | 1.23% |
1 Yr | N/A | 0.0% | 1.0% | 0.62% |
3 Yr | N/A* | 0.0% | 0.0% | N/A |
5 Yr | N/A* | 0.0% | 0.0% | N/A |
10 Yr | N/A* | 0.0% | 0.0% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MIPXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | -0.3% | 0.8% | 96.88% |
2022 | N/A | 0.0% | 0.0% | N/A |
2021 | N/A | 0.0% | 0.0% | N/A |
2020 | N/A | 0.0% | 0.0% | N/A |
2019 | N/A | 0.0% | 0.0% | N/A |
NAV & Total Return History
MIPXX - Holdings
Concentration Analysis
MIPXX | Category Low | Category High | MIPXX % Rank | |
---|---|---|---|---|
Net Assets | 474 M | 59.6 M | 72.2 B | 58.95% |
Number of Holdings | 31 | 1 | 345 | 86.84% |
Net Assets in Top 10 | 231 M | 5 M | 23.5 B | 88.95% |
Weighting of Top 10 | 47.70% | 14.2% | 100.0% | 18.42% |
Top 10 Holdings
- United States Treasury Bills 0% 22.21%
- United States Treasury Bills 0% 20.97%
- United States Treasury Bills 0% 20.78%
- United States Treasury Bills 0% 17.32%
- United States Treasury Bills 0% 15.83%
- United States Treasury Bills 0% 13.61%
- United States Treasury Bills 0% 12.89%
- United States Treasury Bills 0% 10.98%
- United States Treasury Bills 0% 10.39%
- Tri-Party Rbc Capital Mar 9.60%
Asset Allocation
Weighting | Return Low | Return High | MIPXX % Rank | |
---|---|---|---|---|
Cash | 100.00% | 35.74% | 100.00% | 4.21% |
Stocks | 0.00% | 0.00% | 0.00% | 16.32% |
Preferred Stocks | 0.00% | 0.00% | 1.01% | 21.05% |
Other | 0.00% | 0.00% | 1.30% | 16.84% |
Convertible Bonds | 0.00% | 0.00% | 13.25% | 42.63% |
Bonds | 0.00% | 0.00% | 64.26% | 83.16% |
MIPXX - Expenses
Operational Fees
MIPXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.97% | 0.09% | 2.42% | 10.00% |
Management Fee | 0.40% | 0.05% | 0.57% | 90.53% |
12b-1 Fee | N/A | 0.00% | 1.00% | 6.58% |
Administrative Fee | N/A | 0.02% | 0.55% | N/A |
Sales Fees
MIPXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MIPXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MIPXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 212.00% | N/A |
MIPXX - Distributions
Dividend Yield Analysis
MIPXX | Category Low | Category High | MIPXX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.00% | 0.00% | 1.01% | 52.63% |
Dividend Distribution Analysis
MIPXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MIPXX | Category Low | Category High | MIPXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.01% | -1.14% | 2.05% | 49.44% |
Capital Gain Distribution Analysis
MIPXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 30, 2003 | $0.001 | DailyAccrualFund |
May 30, 2003 | $0.001 | DailyAccrualFund |
Apr 30, 2003 | $0.001 | DailyAccrualFund |
Mar 31, 2003 | $0.001 | DailyAccrualFund |
Feb 28, 2003 | $0.000 | DailyAccrualFund |