Mainstay Floating Rate Fund Quote

MXFMX Fund  USD 8.90  0.01  0.11%   

Performance

13 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 18

 
High
 
Low
Low
Mainstay Floating is trading at 8.90 as of the 8th of January 2025; 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 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 19th of January 2023 and ending today, the 8th 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

Moving against Mainstay Mutual Fund

  0.36MLACX Mainstay Large CapPairCorr
  0.36MLABX Mainstay Large CapPairCorr

Mainstay Mutual Fund Highlights

Fund ConcentrationNew York Life Investment Management LLC Funds, Large Value Funds, Bank Loan Funds, Bank Loan, New York Life Investment Management LLC (View all Sectors)
Update Date31st of December 2024
Mainstay Floating Rate [MXFMX] is traded in USA and was established 8th 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. 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

BKLNInvesco Senior LoanEtfBank Loan
MHYIXMainstay High YieldMutual FundHigh Yield Bond
SRLNSPDR Blackstone SeniorEtfBank Loan
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Mainstay Floating Rate Risk Profiles

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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