Skip to Content
Morningstar

MainStay MacKay Total Return Bond A MTMAX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.87  /  0.11 %
  • Total Assets 360.4 Mil
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 0.810%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 15,000
  • Status Open
  • TTM Yield 4.22%
  • Effective Duration 6.23 years

USD | NAV as of Dec 07, 2023 | 1-Day Return as of Dec 07, 2023, 11:22 PM GMT+0

Morningstar’s Analysis MTMAX

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

People Pillar

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

MainStay MacKay Total Return Bond A's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MTMAX

More MTMAX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 436
  • Other Holdings 9
  • % Assets in Top 10 Holdings 7.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

1.34
4,778,290
Cash and Equivalents

MainStay US Government Liquidity I

1.27
4,530,834
Cash and Equivalents

Federal National Mortgage Association 5%

1.10
3,944,498
Securitized

HERTZ VEHICLE FINANCING III LLC 4.34%

0.71
2,520,818
Securitized

Lloyds Banking Group PLC 4.582%

0.70
2,513,669
Corporate

NEW RESIDENTIAL MORTGAGE LOAN TRUST 0%

0.69
2,459,241
Securitized

Petroleos Mexicanos 6.5%

0.67
2,408,135
Corporate

NEW RESIDENTIAL MORTGAGE LOAN TRUST 0%

0.65
2,330,893
Securitized

Nissan Motor Acceptance Co LLC 1.85%

0.65
2,311,271
Corporate

Freddie Mac Stacr Remic Trust 0%

0.64
2,291,986
Securitized