MainStay Floating Rate Fund Class A (MXFAX)

9.37
Net Asset Value
+0.11%
1 Day
+0.97%
Year-to-Date
Overall Morningstar Rating
Bank loan
Style or Category
3
Sales Expenses
1.08%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks high current income. The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a portfolio of floating rate loans and other floating rate debt securities. When the fund's Manager believes that market or economic conditions are unfavorable to investors, up to 100% of the fund's assets may be invested in money market or short-term debt securities. The fund may invest up to 25% of its total assets in foreign securities which are generally U.S. dollar-denominated loans and other debt securities issued by one or more non-U.S. borrower(s) without a U.S. domiciled co-borrower.

Performance

1 month-0.24% 3 years+3.65%
3 months+0.62% 5 years+4.29%
1 year+1.38% Since inception+3.82%
Data through --

Peer Comparisonvs. Bank loan

 MXFAXCategory
Performance 5-yr return+4.29%+4.67%
Expense ratio1.08%1.12%
Risk 5 year sharpe ratio1.401.48
Net assets$1.4B$2.2B
Average market cap----
Average P/E----
Portfolio turnover45%45%

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Fund Management and Purchase Info

Fund familyMainStay
Fund manager & tenureRobert Dial / 11 Years
Minimal initial investment$25,000.00
Minimum IRA investment$25,000.00

Holdings

Fixed income94.30%
Cash5.61%
Other0.09%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
MHYIX MainStay High Yield Corporate Bond Fund Class I1.05%
-- 1.00%
-- 0.97%
-- 0.93%
-- 0.90%
-- 0.87%
-- 0.82%
-- 0.81%
-- 0.79%
-- 0.78%

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