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Morningstar

MainStay Short Term Bond A MIXAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 9.15  /  0.19 %
  • Total Assets 102.2 Mil
  • Adj. Expense Ratio
    0.760%
  • Expense Ratio 0.770%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 15,000
  • Status Open
  • TTM Yield 1.88%
  • Effective Duration 1.89 years

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 11:08 PM GMT+00:00

Morningstar’s Analysis MIXAX

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

People Pillar

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

Summary

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Weakness in MainStay Short Term Bond A's Process and People Pillar ratings limits 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 second-highest quintile among peers.

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