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Morningstar

MainStay MacKay Total Return Bond A MTMAX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.84  /  +0.45 %
  • Total Assets 327.5 Mil
  • Adj. Expense Ratio
    0.880%
  • Expense Ratio 0.880%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 15,000
  • Status Open
  • TTM Yield 4.36%
  • Effective Duration 6.11 years

USD | NAV as of May 01, 2024 | 1-Day Return as of May 01, 2024, 11:29 PM GMT+0

Morningstar’s Analysis MTMAX

Will MTMAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MTMAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MTMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MTMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

MainStay MacKay Total Return Bond A's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MTMAX

More MTMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 5%

1.20 4.1 Mil
Securitized

MainStay US Government Liquidity I

1.14 3.9 Mil
Cash and Equivalents

Federal Home Loan Mortgage Corp. 5.5%

1.11 3.8 Mil
Securitized

United States Treasury Bills 0%

0.98 3.3 Mil
Government

United States Treasury Notes 4%

0.92 3.1 Mil
Government

Government National Mortgage Association 0%

0.80 2.7 Mil
Securitized

Lloyds Banking Group PLC 4.582%

0.76 2.6 Mil
Corporate

Petroleos Mexicanos 6.5%

0.76 2.6 Mil
Corporate

Nissan Motor Acceptance Co LLC 1.85%

0.71 2.4 Mil
Corporate

CONNECTICUT AVENUE SECURITIES TRUST 0%

0.70 2.4 Mil
Securitized