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Trending ETFs

MainStay Floating Rate Fund

mutual fund
MXFIX
Dividend policy
Active
Price as of:
$9.12 +0.0 +0%
primary theme
Bank Loan
MXFIX (Mutual Fund)

MainStay Floating Rate Fund

Dividend policy
Active
Price as of:
$9.12 +0.0 +0%
primary theme
Bank Loan
MXFIX (Mutual Fund)
MainStay Floating Rate Fund
Dividend policy
Active
Price as of:
$9.12 +0.0 +0%
primary theme
Bank Loan

MXFIX - Snapshot

Vitals

  • YTD Return 0.6%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return 4.4%
  • Net Assets $1.41 B
  • Holdings in Top 10 24.4%

52 WEEK LOW AND HIGH

$9.12
$8.27
$9.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Compare MXFIX to Popular Bank Loan Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$9.39

0.00%

$7.76 B

3.41%

$0.32

blocked
blocked
blocked

1.40%

0.73%

$10.51

-0.10%

$6.34 B

4.12%

$0.43

blocked
blocked
blocked

0.86%

1.35%

$8.77

0.00%

$6.16 B

3.42%

$0.30

blocked
blocked
blocked

0.57%

0.82%

$8.37

0.00%

$6.01 B

4.27%

$0.36

blocked
blocked
blocked

0.84%

0.60%

$9.75

0.00%

$4.13 B

4.06%

$0.40

blocked
blocked
blocked

0.62%

0.58%

Compare MXFIX to Popular Bank Loan ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$22.12

+0.05%

$5.88 B

3.34%

$0.74

blocked
blocked
blocked

-0.76%

0.65%

$45.84

-0.02%

$3.88 B

4.71%

$2.16

blocked
blocked
blocked

0.42%

0.70%

$47.95

+0.10%

$1.77 B

3.26%

$1.56

blocked
blocked
blocked

0.50%

0.85%

$50.48

-0.09%

$121.04 M

0.57%

$0.29

blocked
blocked
blocked

0.38%

0.25%

$16.14

+0.19%

$43.52 M

2.51%

$0.40

blocked
blocked
blocked

0.44%

1.12%

MXFIX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.85%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MainStay Floating Rate Fund
  • Fund Family Name
    New York Life Investment Management LLC
  • Inception Date
    May 03, 2004
  • Shares Outstanding
    84626014
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Dial

Fund Description

The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a portfolio of floating rate loans and other floating rate debt securities. When the fund's Subadvisor believes that market or economic conditions are unfavorable to investors, up to 100% of the fund's assets may be invested in money market or short-term debt securities. The fund may invest up to 25% of its total assets in foreign securities which are generally U.S. dollar-denominated loans and other debt securities issued by one or more non-U.S. borrower(s) without a U.S. domiciled co-borrower.


MXFIX - Performance

Return Ranking - Trailing

Period MXFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -1.3% 8.3% 77.48%
1 Yr 17.5% 4.2% 86.9% 60.73%
3 Yr 3.4%* -1.4% 5.8% 35.89%
5 Yr 4.4%* 1.8% 9.0% 43.45%
10 Yr 3.7%* 1.6% 6.3% 45.61%

* Annualized

Return Ranking - Calendar

Period MXFIX Return Category Return Low Category Return High Rank in Category (%)
2020 -1.0% -16.5% 289.8% 13.19%
2019 3.3% -8.1% 7.5% 32.97%
2018 -4.9% -12.2% 5.5% 56.02%
2017 -0.1% -4.2% 3.7% 30.71%
2016 4.5% -65.0% 12.9% 54.63%

Total Return Ranking - Trailing

Period MXFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -1.3% 8.3% 78.48%
1 Yr 17.5% 1.1% 86.9% 53.14%
3 Yr 3.4%* -1.8% 5.8% 32.40%
5 Yr 4.4%* 1.8% 9.0% 40.45%
10 Yr 3.7%* 1.6% 6.3% 42.69%

* Annualized

Total Return Ranking - Calendar

Period MXFIX Return Category Return Low Category Return High Rank in Category (%)
2020 -1.0% -16.5% 289.8% 13.19%
2019 3.3% -8.1% 7.5% 34.05%
2018 -4.9% -12.2% 5.5% 63.91%
2017 -0.1% -4.2% 7.2% 39.42%
2016 4.5% -65.0% 12.9% 64.76%

NAV & Total Return History


MXFIX - Holdings

Concentration Analysis

MXFIX Category Low Category High MXFIX % Rank
Net Assets 1.41 B 6.18 M 7.76 B 27.53%
Number of Holdings 479 13 1246 25.25%
Net Assets in Top 10 298 M -161 M 1.49 B 20.98%
Weighting of Top 10 24.40% 6.2% 91.8% 12.17%

Top 10 Holdings

  1. United States Treasury Bills 0% 5.95%
  2. United States Treasury Bills 0% 5.78%
  3. United States Treasury Bills 0% 4.35%
  4. United States Treasury Bills 0% 3.33%
  5. United States Treasury Bills 0% 3.20%
  6. United States Treasury Bills 0% 2.66%
  7. United States Treasury Bills 0% 2.57%
  8. United States Treasury Bills 0% 2.11%
  9. United States Treasury Bills 0% 1.98%
  10. United States Treasury Bills 0% 1.47%

Asset Allocation

Weighting Return Low Return High MXFIX % Rank
Bonds
87.66% 30.80% 146.63% 82.30%
Cash
12.05% -17.24% 55.70% 13.44%
Other
0.12% -51.39% 11.86% 47.87%
Convertible Bonds
0.08% 0.00% 5.44% 42.95%
Stocks
0.07% 0.00% 7.86% 67.54%
Preferred Stocks
0.00% 0.00% 24.21% 55.74%

Stock Sector Breakdown

Weighting Return Low Return High MXFIX % Rank
Energy
67.47% 0.00% 100.00% 23.48%
Healthcare
26.79% 0.00% 80.00% 2.17%
Industrials
4.03% 0.00% 100.00% 18.70%
Basic Materials
1.44% 0.00% 26.71% 6.96%
Communication Services
0.26% 0.00% 100.00% 61.30%
Utilities
0.00% 0.00% 100.00% 48.70%
Technology
0.00% 0.00% 100.00% 48.70%
Real Estate
0.00% 0.00% 35.72% 40.43%
Financial Services
0.00% 0.00% 100.00% 41.74%
Consumer Defense
0.00% 0.00% 99.71% 45.65%
Consumer Cyclical
0.00% 0.00% 100.00% 66.09%

Stock Geographic Breakdown

Weighting Return Low Return High MXFIX % Rank
US
0.06% -0.11% 8.06% 66.89%
Non US
0.01% -0.20% 3.62% 29.84%

Bond Sector Breakdown

Weighting Return Low Return High MXFIX % Rank
Corporate
79.21% 0.00% 100.00% 87.83%
Cash & Equivalents
20.78% 0.00% 68.78% 3.95%
Derivative
0.00% 0.00% 6.30% 44.08%
Securitized
0.00% 0.00% 100.00% 66.45%
Municipal
0.00% 0.00% 0.61% 42.76%
Government
0.00% 0.00% 1.41% 45.39%

Bond Geographic Breakdown

Weighting Return Low Return High MXFIX % Rank
US
71.58% 5.51% 146.63% 67.87%
Non US
16.08% 0.00% 92.60% 48.20%

MXFIX - Expenses

Operational Fees

MXFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.01% 27.10% 73.06%
Management Fee 0.60% 0.00% 1.73% 34.87%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.40% N/A

Sales Fees

MXFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

MXFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MXFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 0.00% 412.00% 7.59%

MXFIX - Distributions

Dividend Yield Analysis

MXFIX Category Low Category High MXFIX % Rank
Dividend Yield 0.00% 0.00% 4.17% 42.86%

Dividend Distribution Analysis

MXFIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MXFIX Category Low Category High MXFIX % Rank
Net Income Ratio 3.85% 1.29% 10.93% 78.19%

Capital Gain Distribution Analysis

MXFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

MXFIX - Fund Manager Analysis

Managers

Robert Dial


Start Date

Tenure

Tenure Rank

May 03, 2004

16.92

16.9%

Robert Dial joined New York Life Investment Management LLC (predecessor of NYL Investors LLC) in 2001. Mr. Dial is a Managing Director and the Head of the High Yield Credit team with NYL Investors’ Fixed Income Investors. In this role, he oversees the investment activity related to all non-investment grade assets. Mr. Dial has 29 years of investment experience and is also a Senior portfolio manager on all bank loan mandates including retail mutual funds, institutional separate accounts and CLOs. Prior to joining New York Life, he worked extensively in the leveraged finance markets for Fleet Securities, Credit Lyonnais and Chase Manhattan Bank. Mr. Dial received a B.A. from Yale University and an M.B.A. from the University of Chicago.

Mark Campellone


Start Date

Tenure

Tenure Rank

Feb 28, 2012

9.09

9.1%

Mr. Campellone has managed the MainStay Floating Rate Fund since 2012. He is a Managing Director in Fixed Income Investors within NYL Investors and currently serves as Head of Floating Rate Loan Trading in the High Yield Credit Group. Mr. Campellone joined New York Life Investments in 2003 (NYL Investors’ predecessor). He is responsible for the management of non-investment-grade assets including floating rate loans and high-yield bonds and is also a portfolio manager on all floating rate loan mandates including retail mutual funds, institutional accounts and collateralized loan obligation funds (“CLOs”). Prior to joining NYLIM, Mr. Campellone was a leveraged finance portfolio manager for Lyon Capital Management. He has also worked at Credit Lyonnais and First Fidelity Bank in various capacities in the leveraged and corporate finance markets, as well as middle market lending. Mr. Campellone received a B.A. from Muhlenberg College and an M.B.A. from Rutgers Business School.

Arthur Torrey


Start Date

Tenure

Tenure Rank

Feb 28, 2012

9.09

9.1%

Mr. Torrey has managed the MainStay Floating Rate Fund since 2012. Mr. Torrey is a Managing Director in Fixed Income Investors within NYL Investors and is in the High Yield Credit Group. Mr. Torrey joined New York Life Investments in 2006 (NYL Investors’ predecessor). He is responsible for the management of non investment-grade assets including floating rate loans and high-yield bonds. He is also a portfolio manager on all floating rate loan mandates including retail mutual funds, institutional accounts and CLOs. Mr. Torrey received a BSBA from the University of Denver.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 22.43 5.66 2.08