MainStay Floating Rate Fund Class A (MXFAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Bank loan
Style or Category
Sales Expenses
Expense Ratio
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 Subadvisor 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.


1 month+0.30% 3 years+3.60%
3 months+1.32% 5 years+3.13%
1 year+3.71% Since inception+3.75%
Data through --

Peer Comparisonvs. Bank loan

Performance 5-yr return+3.13%+3.39%
Expense ratio1.01%1.09%
Risk 5 year sharpe ratio1.261.24
Net assets$1.5B$2.2B
Average market cap$4.5B$5.5B
Average P/E----
Portfolio turnover58%58%

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Fund Management and Purchase Info

Fund familyMainStay
Fund manager & tenureRobert Dial / 13 Years
Minimal initial investment$15,000.00
Minimum IRA investment--


Fixed income96.31%
U.S. stock0.22%
International stock0.13%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.