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Morningstar

MainStay Floating Rate I MXFIX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.82  /  0.05 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 7.05%
  • Effective Duration 0.28 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:47 PM GMT+0

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.

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 MXFIX

More MXFIX Holdings
  • Current Portfolio Date
  • Equity Holdings 4
  • Bond Holdings 524
  • Other Holdings 13
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

1.25
20,605,036
Government

United States Treasury Bills 0%

1.21
20,013,797
Government

United States Treasury Bills 0%

0.62
10,157,565
Government

Prime Security Services Borrower, Llc-2021 Refinan

0.53
8,685,993
Corporate

United States Treasury Bills 0%

0.49
8,125,512
Government

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

0.48
7,839,883
Corporate

Entegris, Inc.-Tranche B Term Loan Cme Term Sofr+2

0.46
7,639,941
Corporate

Connect Finco Sarl-Amendment No. 1 Refinancing Ter

0.46
7,511,883
Corporate

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

0.45
7,431,530
Corporate

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

0.44
7,288,516
Corporate