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MainStay MacKay Strategic Bond I MSDIX

Analyst rating as of
NAV / 1-Day Return
8.07  /  0.50 %
Total Assets
664.8 Mil
Adj. Expense Ratio
0.710%
Expense Ratio
0.730%
Fee Level
Below Average
Longest Manager Tenure
4.60 years
Category
Nontraditional Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
2.87%
Effective Duration
3.00 years

Morningstar’s Fund Analysis MSDIX

Will MSDIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Team turnover is still a revolving door.

Senior Analyst

Summary

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MainStay MacKay Strategic Bond's managers’ now have a three-year track record, but the support team is slimmer than its rivals and keeps experiencing turnover. Additionally, the highly flexible process historically has led to a heavy dose of credit risk in the portfolio. The strategy's share classes earn a Morningstar Analyst Rating of Negative.

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