MainStay Floating Rate’s experienced and steady team runs a conservative bank loan strategy, but its inability to stand out in various market environments leads to a Morningstar Analyst Rating of Neutral for all share classes.
MainStay Floating Rate B MXFBX
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MXFBX 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 MXFBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MXFBX 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 MXFBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Consistently a more conservative bank loan strategy than many of its peers.
