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Morningstar

MainStay Conservative Allocation Inv MCKNX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 10.73  /  0.19 %
  • Total Assets 379.8 Mil
  • Adj. Expense Ratio
    1.060%
  • Expense Ratio 1.060%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Moderately Conservative Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Status Open
  • TTM Yield 2.52%
  • Turnover 38%

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

Morningstar’s Analysis MCKNX

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

People Pillar

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

MainStay Conservative Allocation Inv's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MCKNX

More MCKNX Holdings
  • Current Portfolio Date
  • Equity Holdings 17
  • Bond Holdings 0
  • Other Holdings 32
  • % Assets in Top 10 Holdings 64.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

IQ MacKay ESG Core Plus Bond ETF

19.10
75,663,744
—

MainStay MacKay Total Return Bond R6

19.03
75,395,997
—

MainStay US Government Liquidity I

10.20
40,414,365
Cash and Equivalents

MainStay Floating Rate R6

5.56
22,030,495
—

MainStay MacKay Short Dur Hi Yld I

4.24
16,784,572
—

MainStay WMC Growth R6

3.34
13,228,026
—

IQ Candriam U.S. Large Cap Equity ETF

3.31
13,109,828
—

MainStay Winslow Large Cap Growth R6

3.18
12,608,470
—

MainStay Epoch US Equity Yield R6

2.46
9,736,493
—

IQ U.S. Large Cap ETF

2.39
9,452,489
—