MainStay Floating Rate Fund Class A (MXFAX)

9.44
Net Asset Value
0.00%
1 Day
-1.56%
Year-to-Date
Overall Morningstar Rating
Bank loan
Style or Category
3
Sales Expenses
1.00%
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-0.64% 3 years+5.13%
3 months-0.58% 5 years+4.90%
1 year+2.46% Since inception+3.94%
Data through --

Peer Comparisonvs. Bank loan

 MXFAXCategory
Performance 5-yr return+4.90%+7.77%
Expense ratio1.00%1.14%
Risk 5 year sharpe ratio1.651.70
Net assets$1.6B$2.7B
Average market cap----
Average P/E----
Portfolio turnover47%47%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyMainStay
Fund manager & tenureRobert Dial / 10 Years
Minimal initial investment$25,000.00
Minimum IRA investment$25,000.00

Holdings

Fixed income96.94%
Cash2.98%
Other0.08%
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
-- Asurion Llc First Lien0.98%
-- U S Coatings Acquisition Inc 2014 Specified Refinancing Ter0.93%
-- Rexnord Llc Term B Refinancing Loan0.90%
-- Reynolds Group Hldgs Inc New Incremental Us Term Loan0.89%
MHYIX MainStay High Yield Corporate Bond I0.89%
-- Gardner Denver Inc Term Loan0.87%
-- Univar Inc Term Loan B 10.82%
-- Scientific Games Intl Inc Term Loan B0.82%
-- Tribune Co Term Loan B0.80%
-- Intelsat Jackson Hldgs S A Term Loan B 20.80%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.