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Morningstar

MainStay MacKay Strategic Bond I MSDIX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.38  /  −0.24 %
  • Total Assets 674.8 Mil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.700%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.84%
  • Effective Duration 4.44 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:09 PM GMT+0

Morningstar’s Analysis MSDIX

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

  • People Pillar

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

A go-anywhere fund in search of an identity.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

Guided by the managers’ best ideas, MainStay MacKay Strategic Bond is still striving to establish its niche among its nontraditional bond peers. Higher personnel turnover, including the recent departure of the fund’s comanager, warrants caution here.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings MSDIX

More MSDIX 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%

4.60 31.0 Mil
Government

United States Treasury Notes 1.375%

1.57 10.5 Mil
Government

Cash

1.15 7.7 Mil
Cash and Equivalents

United States Treasury Notes 4%

1.00 6.8 Mil
Government

CONNECTICUT AVENUE SECURITIES TRUST 0%

0.68 4.6 Mil
Securitized

Freddie Mac Stacr Remic Trust 0%

0.68 4.6 Mil
Securitized

MainStay US Government Liquidity I

0.67 4.5 Mil
Cash and Equivalents

Freddie Mac Stacr Remic Trust 0%

0.64 4.3 Mil
Securitized

CONNECTICUT AVENUE SECURITIES TRUST 0%

0.60 4.1 Mil
Securitized

Freddie Mac Stacr Remic Trust 0%

0.60 4.0 Mil
Securitized