Mainstay Floating Rate Fund Quote
| MXFMX Fund | USD 8.90 0.01 0.11% |
Performance17 of 100
| Odds Of DistressLess than 16
|
Mainstay Floating is trading at 8.90 as of the 29th of November 2024; that is 0.11 percent up since the beginning of the trading day. The fund's open price was 8.89. Mainstay Floating has less than a 16 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Mainstay Floating Rate are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of January 2023 and ending today, the 29th of November 2024. 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
Moving together with Mainstay Mutual Fund
| 0.66 | MKHCX | Mainstay High Yield | PairCorr |
| 0.83 | MLACX | Mainstay Large Cap | PairCorr |
| 0.83 | MLABX | Mainstay Large Cap | PairCorr |
| 0.83 | MLAAX | Mainstay Large Cap | PairCorr |
Moving against Mainstay Mutual Fund
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 | 30th of September 2024 |
Mainstay Floating Rate [MXFMX] is traded in USA and was established 29th of November 2024. 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. Mainstay Floating Rate now has accumulated 1.62 B in assets with no minimum investment requirements with the current yeild of 0.08%.
Check Mainstay Floating Probability Of Bankruptcy
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 | 0.0736 | |||
| Standard Deviation | 0.1386 | |||
| Variance | 0.0192 | |||
| Risk Adjusted Performance | 0.1456 |
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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