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Morningstar

MainStay MacKay US Infrastructure Bd Inv MGVNX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 7.58  /  0.25 %
  • Total Assets 568.7 Mil
  • Adj. Expense Ratio
    1.120%
  • Expense Ratio 1.170%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.57%
  • Effective Duration 5.86 years

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 11:14 PM GMT+00:00

Morningstar’s Analysis MGVNX

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

People Pillar

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

Summary

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MainStay MacKay US Infrastructure Bd Inv's Average Process and Parent pillars limit this strategy to a Morningstar Quantitative Rating of Neutral. 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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