MainStay Floating Rate Fund

Scorecard
1 / 5 Stars
Lipper
1 1 5 3 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
---
TheStreet.com
C- (Hold)

U.S. News evaluated 50 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all MainStay funds

See full Bank Loan rankings

See more fund rankings

Performance

The fund has returned 3.73 percent over the past year, 4.10 percent over the past three years, and 8.98 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 0.6%
1 Year 3.7%
3 Years (Annualized) 4.1%
5 Years (Annualized) 9.0%
10 Years (Annualized) N/A

See more MXFAX performance

Summary

The investment seeks high current income. 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 Manager 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.

Fees

Fees are Low compared to funds in the same category.
MainStay Floating Rate Fund has an expense ratio of 1.00 percent.

See more MXFAX fees

Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

See more MXFAX risk