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Morningstar

MainStay Floating Rate B MXFBX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.83  /  0.16 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    1.830%
  • Expense Ratio 1.830%
  • Distribution Fee Level Low
  • Share Class Type —
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 7.03%
  • Effective Duration 0.25 years

USD | NAV as of Dec 08, 2023 | 1-Day Return as of Dec 08, 2023, 11:15 PM GMT+0

Morningstar’s Analysis MXFBX

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.

Solid, but doesn’t stand out in a competitive crowd.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

A seasoned team and prudent investment approach aren’t enough to distinguish this strategy in the highly competitive bank loan Morningstar Category. Mainstay Floating Rate earns a Morningstar Medalist Rating of Neutral for all share classes.

by R.J. D'Ancona
Rated on Published on

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Portfolio Holdings MXFBX

More MXFBX Holdings
  • Current Portfolio Date
  • Equity Holdings 6
  • Bond Holdings 530
  • Other Holdings 12
  • % Assets in Top 10 Holdings 4.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

2.70
44,040,210
Government

United States Treasury Bills 0%

1.64
26,705,229
Government

Agiliti Health, Inc.-Term Loan Cme Term Sofr+3.0 -

0.48
7,761,090
Corporate

Ufc Holdings, Llc-Term B-3 Loan (First Lien) Cme T

0.45
7,403,136
Corporate

Connect Finco Sarl-Amendment No. 1 Refinancing Ter

0.45
7,324,787
Corporate

Amwins Group, Inc.-Term Loan Cme Term Sofr+2.25 -

0.44
7,231,182
Corporate

Flutter Entertainment Plc-Third Amendment 2028-B T

0.44
7,215,131
Corporate

Jazz Pharmaceuticals Public Limited Company-Initia

0.44
7,172,312
Corporate

Abg Intermediate Holdings 2 Llc-Tranche Tlb-1 Term

0.43
6,994,825
Corporate

Hunter Holdco 3 Limited-Initial Dollar Term Loan (

0.43
6,988,538
Corporate