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Morningstar

MainStay Floating Rate I MXFIX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.87  /  −0.10 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    0.730%
  • Expense Ratio 0.730%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 8.39%
  • Effective Duration 0.26 years

USD | NAV as of Apr 15, 2024 | 1-Day Return as of Apr 15, 2024, 9:57 PM GMT+0

Morningstar’s Analysis MXFIX

Will MXFIX 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 MXFIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MXFIX 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 MXFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Solid, but doesn’t stand out in a competitive crowd.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

A seasoned team and prudent investment approach aren’t enough to distinguish this strategy in the highly competitive bank loan Morningstar Category. Mainstay Floating Rate earns a Morningstar Medalist Rating of Neutral for all share classes.

by R.J. D'Ancona
Rated on Published on

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Portfolio Holdings MXFIX

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

United States Treasury Bills 0%

2.40 38.6 Mil
Government

United States Treasury Bills 0%

0.56 9.0 Mil
Government

United States Treasury Bills 0%

0.50 8.0 Mil
Government

Agiliti Health, Inc.-Term Loan Cme Term Sofr+3.0 -

0.49 7.8 Mil
Corporate

Connect Finco Sarl-Amendment No. 1 Refinancing Ter

0.47 7.5 Mil
Corporate

Ufc Holdings, Llc-Term B-3 Loan (First Lien) Cme T

0.46 7.4 Mil
Corporate

Amwins Group, Inc.-Term Loan Cme Term Sofr+2.25 -

0.45 7.2 Mil
Corporate

Jazz Pharmaceuticals Public Limited Company-Additi

0.45 7.2 Mil
Corporate

Inizio Group Limited-Initial Dollar Term Loan (Fir

0.44 7.0 Mil
Corporate

Abg Intermediate Holdings 2 Llc-Tranche Tlb-1 Term

0.44 7.0 Mil
Corporate