MainStay Floating Rate Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.2%
1 yr return
9.2%
3 Yr Avg Return
3.7%
5 Yr Avg Return
3.1%
Net Assets
$1.61 B
Holdings in Top 10
6.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.85%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MXFCX - Profile
Distributions
- YTD Total Return 2.2%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return 3.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.91%
- Dividend Yield 7.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMainStay Floating Rate Fund
-
Fund Family NameMainStay Group of Funds
-
Inception DateMay 03, 2004
-
Shares Outstanding7268876
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Dial
Fund Description
The Fund, under normal circumstances, 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. The Fund may also purchase fixed-income and variable rate debt securities and money market securities or instruments. When NYL Investors LLC, 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 Subadvisor may also invest in these types of securities or hold a higher than ordinary level of cash, while looking for suitable investment opportunities or to maintain an appropriate level of liquidity.
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. An issuer of a security is considered to be a U.S. or foreign issuer based on the issuer’s “country of risk” (or similar designation) as determined by a third party such as Bloomberg.
Investment Process: The Subadvisor seeks to identify investment opportunities based on the financial condition and competitiveness of individual companies. The Subadvisor seeks to invest in companies with a high margin of safety that are leaders in industries with high barriers to entry. The Subadvisor prefers companies with positive free cash flow, solid asset coverage and management teams with strong track records. In virtually every phase of the investment process, the Subadvisor attempts to control risk and limit defaults.
Floating rate loans may offer a favorable yield spread over other short-term debt alternatives. Historically, floating rate loans have displayed little correlation to the movements of U.S. common stocks, high-grade bonds and U.S. government securities. Securities that are rated below investment grade by a nationally recognized statistical rating organization (“NRSRO”) (such as securities rated lower than BBB- and Baa3), commonly referred to as “high-yield securities” or “junk bonds.” Floating rate loans are speculative investments and are usually rated below investment grade by an NRSRO. They typically have less credit risk and historically have had lower default rates than junk bonds. These loans are typically the most senior source of capital in a borrower's capital structure and usually have certain of the borrower's assets pledged as collateral. Floating rate loans feature rates that reset regularly, maintaining a fixed spread over the Secured Overnight Financing Rate or another reference rate or benchmark. The interest rates for floating rate loans typically reset quarterly, although rates on some loans may adjust at other intervals. Floating rate loans mature, on average, in five to seven years, but loan maturity can be as long as nine years.
The Subadvisor’s investment process relies on a comprehensive fundamental investment discipline, including, but not limited to, consideration of environmental, social and governance (“ESG”) factors that may be material to a company’s performance and prospects. In addition to internal research, the Subadvisor may use third-party ESG data to compare internal views with external perspectives.
The Subadvisor may reduce or eliminate the Fund's position in a holding if it no longer believes the holding will contribute to meeting the investment objective of the Fund. In considering whether to sell a holding, the Subadvisor may evaluate, among other things, meaningful changes in the issuer's financial condition and competitiveness. The Subadvisor continually evaluates market factors and comparative metrics to determine relative value.
MXFCX - Performance
Return Ranking - Trailing
Period | MXFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -1.1% | 4.7% | 67.67% |
1 Yr | 9.2% | -5.2% | 24.5% | 77.44% |
3 Yr | 3.7%* | -5.6% | 7.8% | 69.57% |
5 Yr | 3.1%* | -7.1% | 37.3% | 70.29% |
10 Yr | 2.8%* | -2.0% | 19.3% | 75.56% |
* Annualized
Return Ranking - Calendar
Period | MXFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -12.0% | 17.3% | 40.60% |
2022 | -5.7% | -22.9% | 5.1% | 16.22% |
2021 | 0.4% | -12.2% | 12.0% | 81.82% |
2020 | -0.9% | -14.1% | 289.8% | 10.74% |
2019 | 3.3% | -8.1% | 14.6% | 36.32% |
Total Return Ranking - Trailing
Period | MXFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -1.1% | 4.7% | 67.67% |
1 Yr | 9.2% | -5.2% | 24.5% | 77.44% |
3 Yr | 3.7%* | -5.6% | 7.8% | 69.57% |
5 Yr | 3.1%* | -7.1% | 37.3% | 70.29% |
10 Yr | 2.8%* | -2.0% | 19.3% | 75.56% |
* Annualized
Total Return Ranking - Calendar
Period | MXFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.0% | -12.0% | 30.3% | 80.45% |
2022 | -2.7% | -22.9% | 5.1% | 59.85% |
2021 | 2.4% | -10.2% | 19.4% | 92.89% |
2020 | 2.0% | -14.1% | 306.9% | 44.21% |
2019 | 7.4% | -3.6% | 23.8% | 54.70% |
NAV & Total Return History
MXFCX - Holdings
Concentration Analysis
MXFCX | Category Low | Category High | MXFCX % Rank | |
---|---|---|---|---|
Net Assets | 1.61 B | 29.9 M | 13.5 B | 28.46% |
Number of Holdings | 558 | 2 | 1605 | 17.34% |
Net Assets in Top 10 | 111 M | -191 M | 2.48 B | 44.65% |
Weighting of Top 10 | 6.92% | 5.2% | 100.8% | 96.30% |
Top 10 Holdings
- U.S. Treasury Bills 2.09%
- U.S. Treasury Bills 1.16%
- U.S. Treasury Bills 0.50%
- Agiliti Health, Inc., Term Loan 0.49%
- Connect Finco SARL, Term Loan 0.47%
- UFC Holdings LLC, 1st Lien Term Loan B3 0.46%
- AmWINS Group, Inc., Term Loan 0.45%
- Jazz Pharmaceuticals Public Limited Company, Term Loan B 0.45%
- Hunter Holdco 3 Ltd., 1st Lien Term Loan 0.44%
- ABG Intermediate Holdings 2 LLC, 1st Lien Term Loan B1 0.44%
Asset Allocation
Weighting | Return Low | Return High | MXFCX % Rank | |
---|---|---|---|---|
Bonds | 96.70% | 0.00% | 161.82% | 29.52% |
Cash | 4.68% | -61.90% | 18.85% | 54.61% |
Stocks | 0.11% | 0.00% | 100.78% | 80.81% |
Convertible Bonds | 0.03% | 0.00% | 5.51% | 46.10% |
Other | 0.00% | -52.39% | 26.58% | 52.40% |
Preferred Stocks | 0.00% | -3.99% | 6.42% | 82.29% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MXFCX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 80.47% |
Technology | 0.00% | 0.00% | 100.00% | 75.78% |
Real Estate | 0.00% | 0.00% | 48.61% | 72.27% |
Industrials | 0.00% | 0.00% | 100.00% | 78.91% |
Healthcare | 0.00% | 0.00% | 100.00% | 1.95% |
Financial Services | 0.00% | 0.00% | 89.61% | 73.83% |
Energy | 0.00% | 0.00% | 100.00% | 71.09% |
Communication Services | 0.00% | 0.00% | 100.00% | 89.45% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 78.13% |
Consumer Cyclical | 0.00% | 0.00% | 97.66% | 82.81% |
Basic Materials | 0.00% | 0.00% | 1.36% | 22.27% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MXFCX % Rank | |
---|---|---|---|---|
US | 0.11% | -0.01% | 100.78% | 78.97% |
Non US | 0.00% | 0.00% | 0.68% | 80.81% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MXFCX % Rank | |
---|---|---|---|---|
Corporate | 84.14% | 0.00% | 141.23% | 84.01% |
Cash & Equivalents | 4.68% | 0.00% | 25.03% | 49.82% |
Securitized | 2.02% | 0.00% | 91.68% | 27.51% |
Government | 0.01% | 0.00% | 3.18% | 25.28% |
Derivative | 0.00% | -8.79% | 1.12% | 40.96% |
Municipal | 0.00% | 0.00% | 0.47% | 78.81% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MXFCX % Rank | |
---|---|---|---|---|
US | 96.70% | 0.00% | 144.71% | 19.93% |
Non US | 0.00% | 0.00% | 63.23% | 89.30% |
MXFCX - Expenses
Operational Fees
MXFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.85% | 0.03% | 12.26% | 25.64% |
Management Fee | 0.59% | 0.00% | 1.89% | 33.45% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 94.12% |
Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
MXFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 1.00% | 75.61% |
Trading Fees
MXFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 25.58% |
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.
MXFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 22.00% | 4.00% | 180.00% | 5.08% |
MXFCX - Distributions
Dividend Yield Analysis
MXFCX | Category Low | Category High | MXFCX % Rank | |
---|---|---|---|---|
Dividend Yield | 7.47% | 0.00% | 10.27% | 78.85% |
Dividend Distribution Analysis
MXFCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MXFCX | Category Low | Category High | MXFCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.91% | 1.77% | 9.82% | 99.62% |
Capital Gain Distribution Analysis
MXFCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 31, 2024 | $0.055 | OrdinaryDividend |
Feb 29, 2024 | $0.052 | DailyAccrualFund |
Jan 31, 2024 | $0.055 | DailyAccrualFund |
Dec 31, 2023 | $0.055 | DailyAccrualFund |
Nov 30, 2023 | $0.058 | DailyAccrualFund |
Oct 31, 2023 | $0.055 | DailyAccrualFund |
Sep 30, 2023 | $0.053 | DailyAccrualFund |
Aug 31, 2023 | $0.053 | DailyAccrualFund |
Jul 31, 2023 | $0.052 | DailyAccrualFund |
Jun 30, 2023 | $0.053 | DailyAccrualFund |
May 31, 2023 | $0.054 | DailyAccrualFund |
Apr 30, 2023 | $0.050 | DailyAccrualFund |
Mar 31, 2023 | $0.052 | DailyAccrualFund |
Feb 28, 2023 | $0.047 | DailyAccrualFund |
Jan 31, 2023 | $0.049 | DailyAccrualFund |
Dec 31, 2022 | $0.046 | DailyAccrualFund |
Nov 30, 2022 | $0.042 | DailyAccrualFund |
Oct 31, 2022 | $0.037 | DailyAccrualFund |
Sep 30, 2022 | $0.033 | DailyAccrualFund |
Aug 31, 2022 | $0.032 | DailyAccrualFund |
Jul 29, 2022 | $0.028 | DailyAccrualFund |
Jun 30, 2022 | $0.021 | DailyAccrualFund |
May 31, 2022 | $0.019 | DailyAccrualFund |
Apr 29, 2022 | $0.015 | DailyAccrualFund |
Mar 31, 2022 | $0.014 | DailyAccrualFund |
Feb 28, 2022 | $0.013 | DailyAccrualFund |
Jan 31, 2022 | $0.001 | DailyAccrualFund |
Dec 31, 2021 | $0.016 | DailyAccrualFund |
Nov 30, 2021 | $0.014 | DailyAccrualFund |
Oct 31, 2021 | $0.016 | DailyAccrualFund |
Sep 30, 2021 | $0.015 | DailyAccrualFund |
Aug 31, 2021 | $0.016 | DailyAccrualFund |
Jul 31, 2021 | $0.014 | DailyAccrualFund |
Jun 30, 2021 | $0.013 | DailyAccrualFund |
May 31, 2021 | $0.013 | DailyAccrualFund |
Apr 30, 2021 | $0.013 | DailyAccrualFund |
Mar 31, 2021 | $0.011 | DailyAccrualFund |
Feb 28, 2021 | $0.011 | DailyAccrualFund |
Jan 31, 2021 | $0.013 | DailyAccrualFund |
Dec 31, 2020 | $0.015 | DailyAccrualFund |
Nov 30, 2020 | $0.015 | DailyAccrualFund |
Oct 30, 2020 | $0.016 | DailyAccrualFund |
Sep 30, 2020 | $0.016 | DailyAccrualFund |
Aug 31, 2020 | $0.019 | DailyAccrualFund |
Jul 31, 2020 | $0.017 | DailyAccrualFund |
Jun 30, 2020 | $0.016 | DailyAccrualFund |
May 29, 2020 | $0.018 | DailyAccrualFund |
Apr 30, 2020 | $0.019 | DailyAccrualFund |
Mar 31, 2020 | $0.025 | DailyAccrualFund |
Feb 28, 2020 | $0.024 | DailyAccrualFund |
Jan 31, 2020 | $0.026 | DailyAccrualFund |
Dec 31, 2019 | $0.024 | DailyAccrualFund |
Nov 29, 2019 | $0.025 | DailyAccrualFund |
Oct 31, 2019 | $0.028 | DailyAccrualFund |
Sep 30, 2019 | $0.029 | DailyAccrualFund |
Aug 30, 2019 | $0.030 | DailyAccrualFund |
Jul 31, 2019 | $0.031 | DailyAccrualFund |
Jun 28, 2019 | $0.031 | OrdinaryDividend |
May 31, 2019 | $0.032 | DailyAccrualFund |
Apr 30, 2019 | $0.032 | DailyAccrualFund |
Mar 29, 2019 | $0.032 | DailyAccrualFund |
Feb 28, 2019 | $0.029 | DailyAccrualFund |
Jan 31, 2019 | $0.033 | DailyAccrualFund |
Dec 31, 2018 | $0.031 | DailyAccrualFund |
Nov 30, 2018 | $0.029 | DailyAccrualFund |
Oct 31, 2018 | $0.030 | DailyAccrualFund |
Aug 31, 2018 | $0.030 | DailyAccrualFund |
Jul 31, 2018 | $0.030 | DailyAccrualFund |
Jun 29, 2018 | $0.028 | DailyAccrualFund |
May 31, 2018 | $0.028 | DailyAccrualFund |
Apr 30, 2018 | $0.026 | DailyAccrualFund |
Mar 29, 2018 | $0.027 | DailyAccrualFund |
Feb 28, 2018 | $0.024 | DailyAccrualFund |
Jan 31, 2018 | $0.025 | DailyAccrualFund |
Dec 29, 2017 | $0.026 | DailyAccrualFund |
Nov 30, 2017 | $0.023 | DailyAccrualFund |
Oct 31, 2017 | $0.040 | DailyAccrualFund |
Sep 29, 2017 | $0.023 | DailyAccrualFund |
Aug 31, 2017 | $0.024 | DailyAccrualFund |
Jul 31, 2017 | $0.023 | DailyAccrualFund |
Jun 30, 2017 | $0.021 | DailyAccrualFund |
May 31, 2017 | $0.021 | DailyAccrualFund |
Apr 28, 2017 | $0.021 | DailyAccrualFund |
Mar 31, 2017 | $0.020 | DailyAccrualFund |
Feb 28, 2017 | $0.020 | DailyAccrualFund |
Jan 31, 2017 | $0.021 | DailyAccrualFund |
Dec 30, 2016 | $0.021 | DailyAccrualFund |
Nov 30, 2016 | $0.022 | DailyAccrualFund |
Oct 31, 2016 | $0.024 | DailyAccrualFund |
Sep 30, 2016 | $0.022 | DailyAccrualFund |
Aug 31, 2016 | $0.022 | DailyAccrualFund |
Jul 29, 2016 | $0.022 | DailyAccrualFund |
Jun 30, 2016 | $0.021 | DailyAccrualFund |
May 31, 2016 | $0.021 | DailyAccrualFund |
Apr 29, 2016 | $0.020 | DailyAccrualFund |
Mar 31, 2016 | $0.023 | DailyAccrualFund |
Feb 29, 2016 | $0.021 | DailyAccrualFund |
Jan 29, 2016 | $0.021 | DailyAccrualFund |
Dec 31, 2015 | $0.021 | DailyAccrualFund |
Nov 30, 2015 | $0.021 | DailyAccrualFund |
Oct 30, 2015 | $0.022 | DailyAccrualFund |
Sep 30, 2015 | $0.022 | DailyAccrualFund |
Aug 31, 2015 | $0.023 | DailyAccrualFund |
Jul 31, 2015 | $0.021 | DailyAccrualFund |
Jun 30, 2015 | $0.022 | DailyAccrualFund |
May 29, 2015 | $0.022 | DailyAccrualFund |
Apr 30, 2015 | $0.020 | DailyAccrualFund |
Mar 31, 2015 | $0.024 | DailyAccrualFund |
Feb 27, 2015 | $0.021 | DailyAccrualFund |
Jan 30, 2015 | $0.023 | DailyAccrualFund |
Dec 31, 2014 | $0.023 | DailyAccrualFund |
Nov 28, 2014 | $0.022 | DailyAccrualFund |
Oct 31, 2014 | $0.026 | DailyAccrualFund |
Sep 30, 2014 | $0.022 | DailyAccrualFund |
Aug 29, 2014 | $0.023 | DailyAccrualFund |
Jul 31, 2014 | $0.022 | DailyAccrualFund |
Jun 30, 2014 | $0.022 | DailyAccrualFund |
May 30, 2014 | $0.023 | DailyAccrualFund |
Apr 30, 2014 | $0.022 | DailyAccrualFund |
Mar 31, 2014 | $0.023 | DailyAccrualFund |
Feb 28, 2014 | $0.021 | DailyAccrualFund |
Jan 31, 2014 | $0.022 | DailyAccrualFund |
Dec 31, 2013 | $0.024 | DailyAccrualFund |
Nov 29, 2013 | $0.022 | DailyAccrualFund |
Oct 31, 2013 | $0.020 | DailyAccrualFund |
Sep 30, 2013 | $0.025 | DailyAccrualFund |
Aug 30, 2013 | $0.025 | DailyAccrualFund |
Jul 31, 2013 | $0.025 | DailyAccrualFund |
Jun 28, 2013 | $0.023 | DailyAccrualFund |
May 31, 2013 | $0.023 | DailyAccrualFund |
Apr 30, 2013 | $0.024 | DailyAccrualFund |
Mar 28, 2013 | $0.024 | DailyAccrualFund |
Feb 28, 2013 | $0.024 | DailyAccrualFund |
Jan 31, 2013 | $0.026 | DailyAccrualFund |
Dec 31, 2012 | $0.026 | DailyAccrualFund |
Nov 30, 2012 | $0.025 | DailyAccrualFund |
Oct 31, 2012 | $0.028 | DailyAccrualFund |
Sep 28, 2012 | $0.025 | DailyAccrualFund |
Aug 31, 2012 | $0.025 | DailyAccrualFund |
Jul 31, 2012 | $0.025 | DailyAccrualFund |
Jun 29, 2012 | $0.025 | DailyAccrualFund |
May 31, 2012 | $0.026 | DailyAccrualFund |
Apr 30, 2012 | $0.022 | DailyAccrualFund |
Mar 30, 2012 | $0.023 | DailyAccrualFund |
Feb 29, 2012 | $0.022 | DailyAccrualFund |
Jan 31, 2012 | $0.024 | DailyAccrualFund |
Dec 30, 2011 | $0.023 | DailyAccrualFund |
Nov 30, 2011 | $0.023 | DailyAccrualFund |
Oct 31, 2011 | $0.023 | DailyAccrualFund |
Sep 30, 2011 | $0.022 | DailyAccrualFund |
Aug 31, 2011 | $0.023 | DailyAccrualFund |
Jul 29, 2011 | $0.023 | DailyAccrualFund |
Jun 30, 2011 | $0.025 | DailyAccrualFund |
May 31, 2011 | $0.023 | DailyAccrualFund |
Apr 29, 2011 | $0.024 | DailyAccrualFund |
Mar 31, 2011 | $0.025 | DailyAccrualFund |
Feb 28, 2011 | $0.021 | DailyAccrualFund |
Jan 31, 2011 | $0.022 | DailyAccrualFund |
Dec 31, 2010 | $0.024 | DailyAccrualFund |
Nov 30, 2010 | $0.015 | DailyAccrualFund |
Oct 29, 2010 | $0.026 | DailyAccrualFund |
Sep 30, 2010 | $0.021 | DailyAccrualFund |
Aug 31, 2010 | $0.023 | DailyAccrualFund |
Jul 30, 2010 | $0.022 | DailyAccrualFund |
Jun 30, 2010 | $0.020 | DailyAccrualFund |
May 28, 2010 | $0.022 | DailyAccrualFund |
Apr 30, 2010 | $0.020 | DailyAccrualFund |
Mar 31, 2010 | $0.020 | DailyAccrualFund |
MXFCX - Fund Manager Analysis
Managers
Robert Dial
Start Date
Tenure
Tenure Rank
May 03, 2004
18.09
18.1%
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
10.26
10.3%
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
10.26
10.3%
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 |
---|---|---|---|
0.09 | 21.18 | 6.01 | 3.25 |