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MainStay Floating Rate Inv MXFNX

Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.87  /  +0.02 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    1.100%
  • Expense Ratio 1.100%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 7.99%
  • Effective Duration 0.26 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:05 PM GMT+0

Morningstar’s Analysis MXFNX

Will MXFNX outperform in future?

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

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.

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Portfolio Holdings MXFNX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

2.40 38.6 Mil
Government

United States Treasury Bills 0%

0.56 9.0 Mil
Government

United States Treasury Bills 0%

0.50 8.0 Mil
Government

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

0.49 7.8 Mil
Corporate

Connect Finco Sarl-Amendment No. 1 Refinancing Ter

0.47 7.5 Mil
Corporate

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

0.46 7.4 Mil
Corporate

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

0.45 7.2 Mil
Corporate

Jazz Pharmaceuticals Public Limited Company-Additi

0.45 7.2 Mil
Corporate

Inizio Group Limited-Initial Dollar Term Loan (Fir

0.44 7.0 Mil
Corporate

Abg Intermediate Holdings 2 Llc-Tranche Tlb-1 Term

0.44 7.0 Mil
Corporate