MainStay MacKay Strategic Bond's managers’ now have a three-year track record, but the support team is slimmer than its rivals and keeps experiencing turnover. Additionally, the highly flexible process historically has led to a heavy dose of credit risk in the portfolio. The strategy's share classes earn a Morningstar Analyst Rating of Negative.
MainStay MacKay Strategic Bond B MASBX
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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 MASBX 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 MASBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MASBX 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 MASBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Team turnover is still a revolving door.
