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MainStay MacKay Strategic Bond B MASBX

Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.40  /  0.12 %
  • Total Assets 687.5 Mil
  • Adj. Expense Ratio
    1.920%
  • Expense Ratio 1.920%
  • Distribution Fee Level High
  • Share Class Type
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 3.52%
  • Effective Duration 4.44 years

Morningstar’s Analysis MASBX

Will MASBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A go-anywhere fund in search of an identity.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

Guided by the managers’ best ideas, MainStay MacKay Strategic Bond is still striving to establish its niche among its nontraditional bond peers. Higher personnel turnover, including the recent departure of the fund’s comanager, warrants caution here.

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Portfolio Holdings MASBX

  • Current Portfolio Date
  • Equity Holdings 2
  • Bond Holdings 461
  • Other Holdings 13
  • % Assets in Top 10 Holdings
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 1.375%

1.57
10,905,874
Government

Federal Home Loan Mortgage Corp. 6.5%

1.23
8,527,529
Securitized

Federal National Mortgage Association 5%

1.22
8,455,526
Securitized

United States Treasury Bills 0%

1.15
7,973,050
Government

Federal Home Loan Mortgage Corp. 6.5%

1.11
7,731,363
Securitized

MainStay US Government Liquidity I

1.10
7,665,792
Cash and Equivalents

WEC Energy Group Inc. 0%

0.71
4,915,294
Corporate

Federal National Mortgage Association 6%

0.69
4,805,719
Securitized

United States Treasury Notes 5%

0.68
4,763,723
Government

CONNECTICUT AVENUE SECURITIES TRUST 0%

0.65
4,516,159
Securitized