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MainStay Floating Rate I MXFIX

Analyst rating as of
NAV / 1-Day Return
8.58  /  0.12 %
Total Assets
2.5 Bil
Adj. Expense Ratio
0.790%
Expense Ratio
0.790%
Fee Level
Above Average
Longest Manager Tenure
10.32 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
3.21%
Effective Duration
0.25 years

Morningstar’s Analysis

Will MXFIX outperform in future?

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

An experienced team runs this conservative bank-loan strategy, but with middling performance.

Senior Analyst

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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