Skip to Content

MainStay MacKay Unconstrained Bond I MSDIX

Analyst rating as of
NAV / 1-Day Return
9.01  /  0.11 %
Total Assets
677.3 Mil
Adj. Expense Ratio
0.820%
Expense Ratio
1.020%
Fee Level
Average
Longest Manager Tenure
2.75 years
Category
US Fund Nontraditional Bond
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
2.73%
Effective Duration
2.18 years
Premium

Morningstar’s Analysis

Will MSDIX outperform in future?

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

A short-tenured duo of managers is supported by a modest and unstable team.

Senior Analyst

Summary

| |

MainStay MacKay Unconstrained Bond's management team is settling after the replacement of its longtime managers, but the support team is thin and keeps experiencing turnover. Additionally, the highly flexible process historically led to a heavy dose of credit risk in the portfolio. The strategy's cheaper share classes earn a Morningstar Analyst Rating of Neutral, while most expensive ones are rated Negative.

Unlock our full analysis with Morningstar Premium