MainStay CBRE Real Estate has performed pretty well in the first year under its new parent, and we're now more confident in its updated process. The I and R6 shares earn an upgrade to a Morningstar Analyst Rating of Bronze, while the other share classes maintain at Neutral.
MainStay CBRE Real Estate A CLARX
NAV / 1-Day Return
14.05
/
1.13
%
Total Assets
485.2 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.180%
Expense Ratio
1.180%
Fee Level
Below Average
Longest Manager Tenure
25.05
years
Category
Real Estate
Investment Style
Mid BlendMin. Initial Investment
15,000
Status
Open
TTM Yield
3.56%
Turnover
93%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will CLARX 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 CLARX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CLARX 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 CLARX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This fund's revamped process is looking better.
