Mainstay Floating Rate Fund Quote
| MXFNX Fund | USD 8.78 0.01 0.11% |
PerformanceModest
| Odds Of DistressLow
|
Mainstay Floating is trading at 8.78 as of the 21st of March 2025; that is 0.11 percent up since the beginning of the trading day. The fund's open price was 8.77. Mainstay Floating has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. The performance scores are derived for the period starting the 21st of December 2024 and ending today, the 21st of March 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
Mainstay Mutual Fund Highlights
| Fund Concentration | MainStay Funds, Large Funds, Bank Loan Funds, Bank Loan, MainStay (View all Sectors) |
| Update Date | 31st of March 2025 |
Mainstay Floating Rate [MXFNX] is traded in USA and was established 21st of March 2025. Mainstay Floating is listed under MainStay category by Fama And French industry classification. The fund is listed under Bank Loan category and is part of MainStay family. This fund now has accumulated 1.56 B in assets with no minimum investment requirementsMainstay Floating Rate is currently producing year-to-date (YTD) return of 0.24% with the current yeild of 0.08%, while the total return for the last 3 years was 6.77%.
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 | 0.0584 | |||
| Semi Deviation | 0.0502 | |||
| Standard Deviation | 0.1332 | |||
| Variance | 0.0178 |
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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