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MainStay Floating Rate A MXFAX

Analyst rating as of
NAV / 1-Day Return
9.14  /  0.01 %
Total Assets
1.2 Bil
Adj. Expense Ratio
1.090%
Expense Ratio
1.090%
Fee Level
Above Average
Longest Manager Tenure
16.83 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
15,000
Status
Open
TTM Yield
2.92%
Effective Duration
0.65 years
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Morningstar’s Analysis

Will MXFAX outperform in future?

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

Consistent risk management allows the strategy to hold up in rocky markets; fees remain high.

Summary

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MainStay Floating Rate’s experienced team runs a conservative bank loan strategy, but its unproven ability to outperform peers in various market environments leads to a Morningstar Analyst Rating of Neutral for all share classes.

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