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Morningstar

MainStay Floating Rate I MXFIX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See New York Life Investment Hub

Morningstar’s Analysis MXFIX

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

People Pillar

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

Experienced but could be more effective.

Senior Analyst Peter Marchese

Peter Marchese

Senior Analyst

Summary

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.

by Peter Marchese
Rated on Published on

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