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MainStay MacKay Strategic Bond I MSDIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
9.17  /  0.00
Total Assets
682.5 Mil
Adj. Expense Ratio
0.700%
Expense Ratio
0.810%
Fee Level
Below Average
Longest Manager Tenure
3.41 years
Category
Nontraditional Bond
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
2.46%
Effective Duration
2.47 years

USD | NAV as of Jul 27, 2021 | 1-Day Return as of Jul 27, 2021, 10:09 PM GMT+00:00

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Morningstar’s Analysis

Will MSDIX outperform in future?

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

Process Pillar

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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

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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

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

Changes in the Management Team of MainStay MacKay Strategic Bond; Ratings Unchanged

Senior Analyst

Analyst Note

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On July 20, 2021, Joseph Cantwell, comanager of MainStay MacKay Strategic Bond MSDIX, stepped back from day-to-day investment responsibilities as he is leaving the firm. Stephen Cianci and Neil Moriarty, the two day-to-day seasoned lead managers of the strategy, remain on board and will continue to be supported by two other managers who have been named on this strategy since 2018.

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