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MainStay Floating Rate B MXFBX

Analyst rating as of
NAV / 1-Day Return
9.14  /  0.01 %
Total Assets
2.3 Bil
Adj. Expense Ratio
1.790%
Expense Ratio
1.790%
Fee Level
Low
Longest Manager Tenure
17.73 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000
Status
Closed
TTM Yield
1.81%
Effective Duration
0.33 years
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Morningstar’s Analysis

Will MXFBX outperform in future?

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

Consistently a more conservative bank loan strategy than many of its peers.

Summary

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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.

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