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MainStay Floating Rate I MXFIX

Analyst rating as of
NAV / 1-Day Return
9.14  /  0.01 %
Total Assets
1.2 Bil
Adj. Expense Ratio
0.800%
Expense Ratio
0.800%
Fee Level
High
Longest Manager Tenure
16.84 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
3.16%
Effective Duration
0.65 years
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Morningstar’s Analysis

Will MXFIX outperform in future?

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

Consistent risk management allows the strategy to hold up in rocky markets; fees remain high.

Summary

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MainStay Floating Rate’s experienced team runs a conservative bank loan strategy, but its unproven ability to outperform peers in various market environments leads to a Morningstar Analyst Rating of Neutral for all share classes.

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