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MainStay MacKay Total Return Bond B MTMBX

Quantitative rating as of
  • NAV / 1-Day Return 9.19  /  0.46 %
  • Total Assets 451.7 Mil
  • Adj. Expense Ratio
    1.790%
  • Expense Ratio 1.750%
  • Distribution Fee Level High
  • Share Class Type
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 2.45%
  • Effective Duration 6.66 years

Morningstar’s Analysis MTMBX

Will MTMBX outperform in future?

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

Summary

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MainStay MacKay Total Return Bond B's Average Process and People Pillar ratings aren't enough to prevent other weaknesses from sending this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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