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Morningstar

MainStay Floating Rate Inv MXFNX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 8.87  /  +0.18 %
  • 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 8.07%
  • Effective Duration 0.32 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MXFNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MXFNX 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 MXFNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

No surprises from this staid bank-loan offering.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

Mainstay Floating Rate’s seasoned bank-loan managers and well-staffed analyst team steer this solid but conservative approach.

by Paul Olmsted
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MXFNX

More MXFNX Holdings
  • 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%

1.69 27.0 Mil
Government

Allied Universal Holdco Llc (F/K/A Usagm Holdco, L

0.69 10.9 Mil
Corporate

Ukg Inc.-2024 Refinancing Term Loan (First Lien) C

0.56 8.9 Mil
Corporate

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

0.49 7.8 Mil
Corporate

United States Treasury Bills 0%

0.48 7.7 Mil
Government

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

0.46 7.4 Mil
Corporate

Epicor Software Corporation (Fka Eagle Parent Inc.

0.46 7.3 Mil
Corporate

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

0.46 7.3 Mil
Corporate

Jazz Pharmaceuticals Public Limited Company-Additi

0.45 7.2 Mil
Corporate

Inizio Group Limited-Initial Dollar Term Loan (Fir

0.44 7.1 Mil
Corporate