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Morningstar

MainStay CBRE Real Estate A CLARX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 8.32  /  1.42 %
  • Total Assets 339.5 Mil
  • Adj. Expense Ratio
    1.180%
  • Expense Ratio 1.180%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Real Estate
  • Investment Style Mid Growth
  • Min. Initial Investment 15,000
  • Status Open
  • TTM Yield 4.30%
  • Turnover 70%

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:04 PM GMT+00:00

Morningstar’s Analysis CLARX

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.

Senior Analyst

Summary

| by David Kathman

MainStay CBRE Real Estate's recent strong performance has added to our confidence in its revamped process. The fund earns a Morningstar Analyst Rating of Bronze for the relatively cheap I and R6 shares, and Neutral for all other share classes.

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