MainStay MAP Equity will get a new name, subadvisor, and strategy as of April 26, 2021. New subadvisor Wellington is a good shop, but the incoming portfolio manager is relatively inexperienced, using a value strategy that is not particularly distinctive. The fund earns a Morningstar Analyst Rating of Neutral for all share classes except the pricey B and C shares, which earn Negative ratings.
Will MAPAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MAPAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MAPAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MAPAX’s parent organization’s priorities and whether they’re in line with investors’ interests.