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Fund Intelligence | Best Managers | MGOIX Insights | MGOIX Score | MGOIX Performance | MGOIX Manager | MGOIX News | MGOIX Allocation | MGOIX Holdings Change

Mutual Fund Insights: MainStay Government I Fund (MGOIX)

In-depth Analysis of MainStay Government I Fund (MGOIX)

Mutual fund chart: MainStay Government I Fund (MGOIX)

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1 year
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See MainStay Government I Fund (MGOIX) performance details as of February 28, 2010

  

    Last Trade: $8.81 on 3/19/2010, Change: 0.00 (0%)

  

Fund ManagerFund Manager - Gary L. Goodenough

Fund Manager Tenure: 1.5 years
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)
Goodenough is currently a portfolio manager with New York Life Investment Management LLC from 2000. Prior to that, he is a portfolio manager and a managing director and co-head of the Bond Team at MacKay Shields, his employer since May 2000. Goodenough previously held a position as a vice president and portfolio manager with Loomis Sayles & Company from 1993 to 2000. Prior to this, He served as a managing director at both Bear Sterns and Salomon Brothers.  Get more insights on Gary L. Goodenough

  

What we like about MainStay Government I Fund (MGOIX) What we like about MainStay Government I Fund (MGOIX)

Data for MainStay Government I Fund (MGOIX) as of February 28, 2010

  • MainStay Government I Fund (MGOIX) has good mid-term performance (3-year return 6.35% vs 5.47 % Intermediate Government category average)
  • MainStay Government I Fund (MGOIX) has good Long-term performance (5-year return 5.37% vs 4.62 % Intermediate Government category average)
  • MainStay Government I Fund (MGOIX) ratio of up-years vs down years is greater than 2
  • MainStay Government I Fund (MGOIX) has a Morningstar rating of 4 and above
  • MainStay Government I Fund (MGOIX) has an annual stock turnover rate of 103.00% vs Intermediate Government average of 283.09%. It is good that MainStay Government I management does not trade extensively for its return.
  • MainStay Government I Fund (MGOIX) has a lower management fee than its Intermediate Government average: 0.51% vs 1.01%
  • MainStay Government I Fund (MGOIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

What we are cautious about MainStay Government I Fund (MGOIX) What we are cautious about MainStay Government I Fund (MGOIX)

Data for MainStay Government I Fund (MGOIX) as of February 28, 2010

  • MainStay Government I Fund (MGOIX) management has been with MainStay Government I Fund for only 1.5 years, it is hard to judge manager's ability based on this fund's operation record
  • MainStay Government I Fund (MGOIX) has a less-than-ideal short-term performance (1-year return 5.19% vs 6.94 % Intermediate Government category average)
  • MainStay Government I Fund (MGOIX) is less safe compared to its Intermediate Government peers
  • MainStay Government I Fund (MGOIX) is more volatile than its peers as it has a 3-year Standard Deviation of 4.32 that is higher than category average of 4.17
See MainStay Government I Fund (MGOIX) performance details as of February 28, 2010

  

  

Interested in other top mutual funds in similar Intermediate Government category?

Below are some additional Intermediate Government mutual funds generated out of our database

  

MainStay Government I Fund (MGOIX) Net Asset

Track net asset change of MainStay Government I fund (MGOIX)

DateNet Asset
02/2010$323.41M
01/2010$2.00M
11/2009$2.04M
More historic net asset information on MainStay Government I Fund (MGOIX)

  

MainStay Government I Fund (MGOIX) Portfolio Allocation

Track portfolio allocation change of MainStay Government I fund (MGOIX)

DateCashStockBondOther
11/200915.94%0%84.06%0%
09/200914.03%0%85.94%0.02%
08/20099.36%0%90.62%0.02%
Click here to see more historic asset allocation information on MainStay Government I Fund (MGOIX)

  

Most Recent Top 10 Holdings in MainStay Government I Fund (MGOIX)

Discover what MainStay Government I Fund (MGOIX) manager is buying

30-Nov-09
US Treasury Bond (Fut) [11.13%]
US Treasury Note 4.75% [4.22%]
GNMA [3.9%]
GNMA [3.9%]
GNMA [3.83%]
GNMA [3.72%]
FNMA 4.5% [3%]
US Treasury Bond 8.75% [2.5%]
Overseas Private Inv 5.142% [2.42%]
FNMA 5.5% [2.29%]

30-Sep-09
US Treasury Bond (Fut) [20.88%]
US Treasury Bond (Fut) [5.75%]
GNMA [4.71%]
US Treasury Note 4.75% [4.32%]
GNMA [4.01%]
GNMA [3.92%]
FNMA 4.5% [3.22%]
GNMA [2.91%]
US Treasury Bond 8.75% [2.58%]
FHLBA 5.5% [2.46%]

31-Aug-09
US Treasury Bond (Fut) [22.18%]
US Treasury Bond (Fut) [6.06%]
US Treasury Note 4.75% [4.57%]
GNMA [3.71%]
FNMA 4.5% [3.48%]
GNMA [2.95%]
GNMA [2.87%]
US Treasury Bond 8.75% [2.71%]
Overseas Private Inv 5.142% [2.63%]
FNMA 5.5% [2.62%]
Click here for Stock Holding Change Map in MainStay Government I Fund (MGOIX)

  

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