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Morningstar

MainStay MacKay Total Return Bond C MTMCX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.87  /  0.00
  • Total Assets 328.0 Mil
  • Adj. Expense Ratio
    1.900%
  • Expense Ratio 1.900%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.36%
  • Effective Duration 6.11 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:06 PM GMT+0

Morningstar’s Analysis MTMCX

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

  • People Pillar

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

MainStay MacKay Total Return Bond C's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MTMCX

More MTMCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MainStay US Government Liquidity I

1.76 6.0 Mil
Cash and Equivalents

Federal National Mortgage Association 5%

1.20 4.1 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.5%

1.10 3.8 Mil
Securitized

Government National Mortgage Association 0%

0.80 2.7 Mil
Securitized

Lloyds Banking Group PLC 4.582%

0.76 2.6 Mil
Corporate

Petroleos Mexicanos 6.5%

0.74 2.5 Mil
Corporate

Nissan Motor Acceptance Co LLC 1.85%

0.71 2.4 Mil
Corporate

CONNECTICUT AVENUE SECURITIES TRUST 0%

0.69 2.4 Mil
Securitized

CONNECTICUT AVENUE SECURITIES TRUST 0%

0.68 2.3 Mil
Securitized

Freddie Mac Stacr Remic Trust 0%

0.67 2.3 Mil
Securitized