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Morningstar

MainStay CBRE Real Estate I CRARX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.88  /  0.14 %
  • Total Assets 260.7 Mil
  • Adj. Expense Ratio
    0.830%
  • Expense Ratio 0.830%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Real Estate
  • Investment Style Mid Blend
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 1.93%
  • Turnover 65%

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:47 PM GMT+0

Morningstar’s Analysis CRARX

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

People Pillar

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

This fund's revamped process is a strength.

Senior Analyst David Kathman

David Kathman

Senior Analyst

Summary

MainStay CBRE Real Estate remains a generally solid option for U.S. real estate exposure, with a deep team and a proven process. The fund maintains its Morningstar Medalist Rating of Bronze for the relatively cheap I and R6 shares, and Neutral for the rest.

by David Kathman
Rated on Published on

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Portfolio Holdings CRARX

More CRARX Holdings
  • Current Portfolio Date
  • Equity Holdings 42
  • Bond Holdings 0
  • Other Holdings 2
  • % Assets in Top 10 Holdings 52.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

American Tower Corp

7.64
21,917,055
Real Estate

Public Storage

7.23
20,734,580
Real Estate

Equinix Inc

7.03
20,183,045
Real Estate

Prologis Inc

6.32
18,127,984
Real Estate

Welltower Inc

5.47
15,690,427
Real Estate

SBA Communications Corp Class A

3.91
11,209,211
Real Estate

Simon Property Group Inc

3.90
11,190,227
Real Estate

Rexford Industrial Realty Inc

3.89
11,165,392
Real Estate

CubeSmart

3.73
10,702,661
Real Estate

Alexandria Real Estate Equities Inc

3.66
10,491,658
Real Estate