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MainStay Floating Rate Inv MXFNX

Analyst rating as of
NAV / 1-Day Return
9.14  /  0.01 %
Total Assets
2.0 Bil
Adj. Expense Ratio
1.040%
Expense Ratio
1.040%
Fee Level
Above Average
Longest Manager Tenure
17.47 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.56%
Effective Duration
0.45 years
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Morningstar’s Analysis

Will MXFNX outperform in future?

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

Consistently a more conservative bank loan strategy than many of its peers.

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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