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Morningstar

MainStay Floating Rate C MXFCX

Morningstar Analyst Rating
Analyst rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.80  /  0.13 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    1.820%
  • Expense Ratio 1.890%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.66%
  • Effective Duration 0.19 years

USD | NAV as of Feb 02, 2023 | 1-Day Return as of Feb 02, 2023, 11:21 PM GMT+00:00

Morningstar’s Analysis MXFCX

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

People Pillar

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

Experienced but could be more effective.

Senior Analyst

Summary

| by Peter Marchese

The recent departure of a senior member of MainStay Floating Rate’s team does not affect the strategy’s day-to-day management or alter its conservative bank loan approach. But it has also yet to show it can stand out through varied market environments, which keeps its Morningstar Analyst Rating at Neutral for all share classes.

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