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Morningstar

MainStay Balanced C MBACX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 28.82  /  0.03 %
  • Total Assets 493.3 Mil
  • Adj. Expense Ratio
    2.070%
  • Expense Ratio 2.090%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Allocation—50% to 70% Equity
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Status Open
  • TTM Yield 0.43%
  • Turnover 290%

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:04 PM GMT+00:00

Morningstar’s Analysis MBACX

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

People Pillar

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

Summary

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MainStay Balanced C's Average People Pillar and Process Pillar ratings aren't enough to prevent other weaknesses from sending this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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