Tax Advantaged Income Fund Class Y
STAYX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Oak PA 19456 Oak PA United States of America 19456
- IPO Date
- Apr 30, 2015
- CIK
- 0000701817
- Similar Companies
- Business
- Tax Advantaged Income Fund Class Y (STAYX) is a closed-end mutual fund that seeks high current income exempt from federal income tax and, for Florida residents, state taxes, with a secondary objective of total return. The fund invests primarily in a diversified portfolio of municipal securities, including general obligation bonds, revenue bonds, and notes issued by state and local governments, as well as pre-refunded municipal bonds and variable rate demand obligations; it may also employ leverage through inverse floating rate securities, tender option bonds, and preferred shares to enhance yield. STAYX operates within the municipal bond sector, targeting tax-sensitive individual and institutional investors seeking tax-advantaged income, with geographic focus on U.S. municipal issuers across all states. The fund, managed by Shenck Balanced Income Strategies, traces its inception to 2002 and maintains administrative headquarters aligned with its investment adviser in the United States. In recent developments as of late 2025, the fund announced a strategic shift including enhanced leverage facilities and portfolio repositioning toward higher-yielding, shorter-duration municipals amid rising interest rates, alongside a key distribution rate adjustment to 8.5% annualized following Federal Reserve policy changes.