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Morningstar

MainStay MacKay US Infrastructure Bd C MGVCX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 7.60  /  0.67 %
  • Total Assets 577.1 Mil
  • Adj. Expense Ratio
    1.870%
  • Expense Ratio 1.920%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.79%
  • Effective Duration 5.86 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:39 PM GMT+00:00

Morningstar’s Analysis MGVCX

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

People Pillar

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

Summary

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MainStay MacKay US Infrastructure Bd C's Average Process and Parent pillars limit 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 highest quintile among peers.

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