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

Mutual Fund Insights: MainStay Floating Rate I Fund (MXFIX)

In-depth Analysis of MainStay Floating Rate I Fund (MXFIX)

Mutual fund chart: MainStay Floating Rate I Fund (MXFIX)

3 months
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1 year
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5 year

See MainStay Floating Rate I Fund (MXFIX) performance details as of January 31, 2010

  

    Last Trade: $9.25 on 3/11/2010, Change: +0.01 (0.11%)

  

Fund Manager - Robert Dial

Fund Manager Tenure: 5.9 years   [Similar Funds: MXFAX  MXFBX  MXFCX  MXFNX ]
Fundmojo Fund Grade: A (Score: 0.76)     (What does this score mean?)
Dial is the head of the High Yield Group and a senior portfolio manager. He joined NYLIM in 2001 and oversees the investment activity related to all non-investment grade assets including bank loans, high yield bonds, and emerging markets. He is also the lead portfolio manager on all bank loan mandates including retail mutual funds, institutional separate accounts and CLOs.  Get more insights on Robert Dial

  

What we like about MainStay Floating Rate I Fund (MXFIX) What we like about MainStay Floating Rate I Fund (MXFIX)

Data for MainStay Floating Rate I Fund (MXFIX) as of January 31, 2010

  • MainStay Floating Rate I Fund (MXFIX) management has been with MainStay Floating Rate I Fund for 5.9 years
  • MainStay Floating Rate I Fund (MXFIX) has good mid-term performance (3-year return 2.53% vs -0.58% Bank Loan category average)
  • MainStay Floating Rate I Fund (MXFIX) has good Long-term performance (5-year return 3.65% vs 1.82% Bank Loan category average)
  • MainStay Floating Rate I Fund (MXFIX) ratio of up-years vs down years is greater than 2
  • MainStay Floating Rate I Fund (MXFIX) has a Morningstar rating of 4 and above
  • MainStay Floating Rate I Fund (MXFIX) has an annual stock turnover rate of 17.00% vs Bank Loan average of 41.17%. It is good that MainStay Floating Rate I management does not trade extensively for its return.
  • MainStay Floating Rate I Fund (MXFIX) is less volatile than its peers as it has a 3-year Standard Deviation of 11.13, lower than category average of 14.03
  • MainStay Floating Rate I Fund (MXFIX) has a lower management fee than its Bank Loan average: 0.76% vs 1.36%
  • MainStay Floating Rate I Fund (MXFIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

What we are cautious about MainStay Floating Rate I Fund (MXFIX) What we are cautious about MainStay Floating Rate I Fund (MXFIX)

Data for MainStay Floating Rate I Fund (MXFIX) as of January 31, 2010

  • MainStay Floating Rate I Fund (MXFIX) has a less-than-ideal short-term performance (1-year return 28.02% vs 35.55% Bank Loan category average)
See MainStay Floating Rate I Fund (MXFIX) performance details as of January 31, 2010

  

  

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MainStay Floating Rate I Fund (MXFIX) Net Asset

Track net asset change of MainStay Floating Rate I fund (MXFIX)

DateNet Asset
01/2010$230.28M
11/2009$214.36M
10/2009$211.55M
More historic net asset information on MainStay Floating Rate I Fund (MXFIX)

  

MainStay Floating Rate I Fund (MXFIX) Portfolio Allocation

Track portfolio allocation change of MainStay Floating Rate I fund (MXFIX)

DateCashStockBondOther
11/20091.21%0%98.79%0%
09/200958.39%0%41.41%0.2%
06/20091.64%0%98.36%0%
Click here to see more historic asset allocation information on MainStay Floating Rate I Fund (MXFIX)

  

Most Recent Top 10 Holdings in MainStay Floating Rate I Fund (MXFIX)

Discover what MainStay Floating Rate I Fund (MXFIX) manager is buying

30-Nov-09
Community Health Systems, Inc. [1.46%]
Directv Holdings, Llc [1.41%]
Graham Packaging Company, L.P. [1.34%]
Hca, Inc. [1.31%]
Charter Communications Operating, Llc [1.27%]
Intelsat Corporation [1.15%]
Calpine Corporation [1.13%]
Oshkosh Truck Corporation [1.12%]
Ford Motor Company [1.1%]
Wrigley (Wm) Jr. Company [1.08%]

30-Sep-09
Ball 7.125% [3.11%]
Solo Cup Co/Solo Cup Oper 144A 10.5% [3.03%]
Sprint Cap 8.375% [2.76%]
Teck Resources 10.25% [2.59%]
Corrections Corp Amer New 7.75% [2.36%]
Amer Tower 144A 7.25% [2.35%]
Del Monte 144A 7.5% [2.31%]
Silgan Hldgs 144A 7.25% [2.31%]
Qwest FRN [2.14%]
Dole Food 144A 8% [1.91%]

30-Jun-09
Sungard Data Systems, Inc. [1.18%]
Regal Cinemas Corporation [1.15%]
Directv Holdings, Llc [1.12%]
Charter Communications Operating, Llc [1.11%]
Royalty Pharma Finance Trust [1.08%]
Penn National Gaming, Inc. [1.05%]
Graham Packaging Company, L.P. [1.02%]
Wrigley (Wm) Jr. Company [1.02%]
Telesat Canda [0.99%]
Transdigm, Inc. [0.98%]
Click here for Stock Holding Change Map in MainStay Floating Rate I Fund (MXFIX)

  

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