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Morningstar

MainStay Short Term Bond Inv MIXNX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.19  /  +0.11 %
  • Total Assets 126.1 Mil
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.920%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.63%
  • Effective Duration 1.80 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:05 PM GMT+0

Morningstar’s Analysis MIXNX

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

  • People Pillar

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

Weakness in MainStay Short Term Bond Inv's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MIXNX

More MIXNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.875%

23.20 29.0 Mil
Government

iShares 1-5 Year invmt Grd Corp Bd ETF

3.29 4.1 Mil
—

United States Treasury Notes 4.25%

3.03 3.8 Mil
Government

United States Treasury Notes 4.5%

2.45 3.1 Mil
Government

United States Treasury Notes 4.375%

1.72 2.1 Mil
Government

Deutsche Bank AG New York Branch 6.119%

1.68 2.1 Mil
Corporate

Us Dollar

1.37 1.7 Mil
Cash and Equivalents

United States Treasury Notes 4.625%

1.12 1.4 Mil
Government

United States Treasury Notes 2.875%

1.03 1.3 Mil
Government

Bank of America Corp. 5.08%

0.91 1.1 Mil
Corporate