Mainstay Floating Rate Fund Quote
| MXFCX Fund | USD 8.89 0.01 0.11% |
Performance12 of 100
| Odds Of DistressLess than 18
|
Mainstay Floating is trading at 8.89 as of the 30th of January 2025; that is 0.11 percent decrease since the beginning of the trading day. The fund's open price was 8.9. Mainstay Floating has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. The performance scores are derived for the period starting the 31st of December 2024 and ending today, the 30th of January 2025. Click here to learn more.
The fund invests at least 80 percent of its assets in a portfolio of floating rate loans and other floating rate debt securities. When the funds Subadvisor believes that market or economic conditions are unfavorable to investors, up to 100 percent of the funds assets may be invested in money market or short-term debt securities. More on Mainstay Floating Rate
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Mainstay Mutual Fund Highlights
| Fund Concentration | New York Life Investment Management LLC Funds, Large Value Funds, Bank Loan Funds, Bank Loan, New York Life Investment Management LLC (View all Sectors) |
| Update Date | 31st of December 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Mainstay Floating Rate [MXFCX] is traded in USA and was established 30th of January 2025. Mainstay Floating is listed under New York Life Investment Management LLC category by Fama And French industry classification. The fund is listed under Bank Loan category and is part of New York Life Investment Management LLC family. This fund now has accumulated 1.66 B in assets with no minimum investment requirementsMainstay Floating Rate is currently producing year-to-date (YTD) return of 0.54% with the current yeild of 0.07%, while the total return for the last 3 years was 5.28%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Mainstay Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Mainstay Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Mainstay Floating Rate Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Mainstay Floating Rate Mutual Fund Constituents
| BKLN | Invesco Senior Loan | Etf | Bank Loan | |
| MHYIX | Mainstay High Yield | Mutual Fund | High Yield Bond | |
| SRLN | SPDR Blackstone Senior | Etf | Bank Loan |
Mainstay Floating Rate Risk Profiles
| Mean Deviation | 0.0703 | |||
| Standard Deviation | 0.1282 | |||
| Variance | 0.0164 | |||
| Downside Variance | 0.0144 |
Mainstay Floating Against Markets
Other Information on Investing in Mainstay Mutual Fund
Mainstay Floating financial ratios help investors to determine whether Mainstay Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Floating security.
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