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

Mutual Fund Insights: MainStay Short-Term Bond I Fund (MSTIX)

In-depth Analysis of MainStay Short-Term Bond I Fund (MSTIX)

Mutual fund chart: MainStay Short-Term Bond I Fund (MSTIX)

3 months
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See MainStay Short-Term Bond I Fund (MSTIX) performance details as of January 31, 2010

  

    Last Trade: $9.69 on 3/16/2010, Change: +0.01 (0.1%)

  

Fund Manager - Claude Athaide

Fund Manager Tenure: 6.2 years   [Similar Funds: MSTAX ]
Fundmojo Fund Grade: A (Score: 0.73)     (What does this score mean?)
Athaide joined MacKay Shields in 1996 and became an associate director in 1999. Prior, he taught graduate and undergraduate level courses at George Washington U and The Wharton School of the University of Pennsylvania and was a quantitative analyst with Republic National Bank from May 1995 to august 1995. He has over 5 years of investment experience. Athaide holds the Chartered Financial Analyst designation.  Get more insights on Claude Athaide

  

What we like about MainStay Short-Term Bond I Fund (MSTIX) What we like about MainStay Short-Term Bond I Fund (MSTIX)

Data for MainStay Short-Term Bond I Fund (MSTIX) as of January 31, 2010

  • MainStay Short-Term Bond I Fund (MSTIX) management has been with MainStay Short-Term Bond I Fund for 6.2 years
  • MainStay Short-Term Bond I Fund (MSTIX) has good mid-term performance (3-year return 5.39% vs 3.73% Short-Term Bond category average)
  • MainStay Short-Term Bond I Fund (MSTIX) has good Long-term performance (5-year return 4.36% vs 3.49% Short-Term Bond category average)
  • MainStay Short-Term Bond I Fund (MSTIX) ratio of up-years vs down years is greater than 2
  • MainStay Short-Term Bond I Fund (MSTIX) has a Morningstar rating of 4 and above
  • MainStay Short-Term Bond I Fund (MSTIX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.17, lower than category average of 3.36
  • MainStay Short-Term Bond I Fund (MSTIX) has a lower management fee than its Short-Term Bond average: 0.68% vs 0.92%
  • MainStay Short-Term Bond I Fund (MSTIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

What we are cautious about MainStay Short-Term Bond I Fund (MSTIX) What we are cautious about MainStay Short-Term Bond I Fund (MSTIX)

Data for MainStay Short-Term Bond I Fund (MSTIX) as of January 31, 2010

  • MainStay Short-Term Bond I Fund is a focused fund with 68.15% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
  • MainStay Short-Term Bond I Fund (MSTIX) has a less-than-ideal short-term performance (1-year return 3.52% vs 9.51% Short-Term Bond category average)
  • MainStay Short-Term Bond I Fund (MSTIX) has an annual stock turnover rate of 193.00% that is higher than the Short-Term Bond average of 109.82%. This could mean MainStay Short-Term Bond I is more nimble, but also signal potential high tax impact and high trading fees
See MainStay Short-Term Bond I Fund (MSTIX) performance details as of January 31, 2010

  

  

Interested in other top mutual funds in similar Short-Term Bond category?

Below are some additional Short-Term Bond mutual funds generated out of our database

  

MainStay Short-Term Bond I Fund (MSTIX) Net Asset

Track net asset change of MainStay Short-Term Bond I fund (MSTIX)

DateNet Asset
01/2010$68.85M
11/2009$81.37M
10/2009$79.16M
More historic net asset information on MainStay Short-Term Bond I Fund (MSTIX)

  

MainStay Short-Term Bond I Fund (MSTIX) Portfolio Allocation

Track portfolio allocation change of MainStay Short-Term Bond I fund (MSTIX)

DateCashStockBondOther
11/200914.81%0%83.79%1.39%
09/200910.97%0%87.6%1.44%
08/200913.97%0%84.53%1.49%
Click here to see more historic asset allocation information on MainStay Short-Term Bond I Fund (MSTIX)

  

Most Recent Top 10 Holdings in MainStay Short-Term Bond I Fund (MSTIX)

Discover what MainStay Short-Term Bond I Fund (MSTIX) manager is buying

30-Nov-09
US Treasury Note 0.875% [15.82%]
US Treasury Note 0.875% [9.96%]
United States Treas Nts 1.5% [8.89%]
United States Treas Nts 1.875% [7.41%]
FNMA 6.25% [6.3%]
United States Treas Nts 2.375% [5.02%]
United States Treas Nts 1% [3.93%]
US Treasury Note 2.25% [3.65%]
Federal Hm Ln Bks [3.64%]
United States Treas Nts [3.53%]

30-Sep-09
US Treasury Note 0.875% [16.27%]
US Treasury Note 0.875% [10.27%]
United States Treas Nts 1.5% [9.09%]
US Treasury Note 1.875% [7.59%]
FNMA 6.25% [6.52%]
United States Treas Nts 1% [4.03%]
Federal Hm Ln Bks [3.73%]
US Treasury Note 2.25% [3.71%]
US Treasury Note [3.59%]
GNMA [3.4%]

31-Aug-09
US Treasury Note 0.875% [16.96%]
US Treasury Note 0.875% [10.71%]
United States Treas Nts 1.5% [9.46%]
US Treasury Note 1.875% [7.9%]
FNMA 6.25% [6.81%]
Federal Hm Ln Bks [3.87%]
US Treasury Note 2.25% [3.85%]
United States Treas Nts [3.73%]
GNMA [3.55%]
FHLBA [3.1%]
Click here for Stock Holding Change Map in MainStay Short-Term Bond I Fund (MSTIX)

  

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Latest News on MainStay Short-Term Bond I (MSTIX)

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