Skip to Content

MainStay Floating Rate Inv MXFNX

Analyst rating as of
NAV / 1-Day Return
8.62  /  0.02 %
Total Assets
2.2 Bil
Adj. Expense Ratio
1.140%
Expense Ratio
1.140%
Fee Level
High
Longest Manager Tenure
10.76 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000
Status
Open
TTM Yield
4.07%
Effective Duration
0.19 years

Morningstar’s Fund Analysis MXFNX

Will MXFNX outperform in future?

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

Experienced but could be more effective.

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.

Unlock our full analysis with Morningstar Investor