MainStay Floating Rate Inv
Nylim Center, 169 Lackawanna Ave. Parsippany NJ 07054
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Phone: 800-624-6782
| Category: | Bank Loan | | Fund Family: | MainStay | | Net Assets: | 18.19M | | Year-to-Date Return: | N/A | | Yield: | % | | Morningstar Rating: | N/A | | Fund Inception Date: | 29-Feb-08 |
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Robert Dial
Lead Manager since
03-May-04 | | | Dial is a director and portfolio manager with NYLIM, his employer since 2001. Prior to joining the firm, he was a director in the Acquisition Finance Group at Fleet Securities. Previously, he worked in leveraged finance capacities at Credit Lyonnais and at Chase Manhattan. |
| Min Initial Investment: | $1,000 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | $500 | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | $50 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks a high level of current income. The fund typically invests at least 80% of assets in a portfolio of floating-rate loans and other floating-rate debt securities. It may invest up to 100% in money market or short-term debt securities if it considers market conditions unfavorable. The fund is nondiversified. |
| Last Dividend
(29-Aug-08):
| 0.03 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| 29.00% | | Average for Category:
| 81.07% |
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| Expense | MXFNX | Category
Avg | | Total Expense Ratio: | %
| 1.41% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | 5.50%
| 3.26% | | Max Deferred Sales Load: | 0.00%
| 2.13% | | 3 Yr Expense Projection*: |
$630 | $641 | | 5 Yr Expense Projection*: |
$872 | $918 | | 10 Yr Expense Projection*: |
$1,566 | $1,862 |
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1.49% Nasdaq 
0.27%
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