MTRVX: MainStay MacKay Total Return Bond R3

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MTRVX MainStay MacKay Total Return Bond R3

MTRVX - Profile

Vitals

  • YTD Return 6.5%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return N/A
  • Net Assets $1.29 B
  • Holdings in Top 10 30.8%

52 WEEK LOW AND HIGH

$10.86
$10.07
$11.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.24%

SALES FEES

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

BROKERAGE FEES

  • Turnover 95.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Core-Plus Bond

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.15%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name MainStay MacKay Total Return Bond Fund
  • Fund Family Name MainStay
  • Inception Date Feb 29, 2016
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Dan C. Roberts

Fund Description

The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in bonds. It will generally seek to maintain a weighted average duration within 2.5 years (plus or minus) of the duration of the Bloomberg Barclays U.S. Aggregate Bond Index. The fund may invest up to 20% of its total assets in securities denominated in foreign currencies.

MTRVX - Performance

Return Ranking - Trailing

Period MTRVX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% -1.1% 84.1% 17.76%
1 Yr 6.9% -6.3% 20.3% 31.87%
3 Yr 0.5%* -2.7% 8.8% 36.35%
5 Yr N/A* -14.8% 7.0% N/A
10 Yr N/A* -8.6% 6.4% N/A

* Annualized


Return Ranking - Calendar

Period MTRVX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.0% -13.7% 7.3% 80.72%
2017 1.9% -6.5% 21.2% 24.42%
2016 N/A -58.1% 8.6% N/A
2015 N/A -24.0% 3.0% N/A
2014 N/A -60.4% 26.9% N/A

Total Return Ranking - Trailing

Period MTRVX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -1.1% 84.1% 13.53%
1 Yr 8.0% -6.3% 20.3% 17.37%
3 Yr 2.3%* -2.7% 8.8% 16.18%
5 Yr N/A* -14.8% 7.0% N/A
10 Yr N/A* -8.6% 6.9% N/A

* Annualized


Total Return Ranking - Calendar

Period MTRVX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.8% -13.7% 6.9% 40.08%
2017 4.0% -6.5% 27.0% 8.03%
2016 N/A -58.1% 10.7% N/A
2015 N/A -14.6% 4.2% N/A
2014 N/A -60.4% 26.9% N/A

NAV & Total Return History

MTRVX - Holdings

Concentration Analysis

MTRVX Category Low Category High MTRVX % Rank
Net Assets 1.29 B 698 K 241 B 31.87%
Number of Holdings 349 1 17412 42.11%
Net Assets in Top 10 191 M -195 M 22.6 B 38.39%
Weighting of Top 10 30.84% 2.5% 215.9% 28.96%

Top 10 Holdings

  1. Us 2yr Note (Cbt) Dec19 Xcbt 20191231 9.23%

  2. United States Treasury Bonds 2.88% 6.66%

  3. Us 5yr Note (Cbt) Dec19 Xcbt 20191231 3.96%

  4. US 10 Year Note (CBT) Dec19 2.57%

  5. US Ultra Bond (CBT) Dec19 2.19%

  6. United States Treasury Notes 0.88% 1.56%

  7. United States Treasury Bonds 4.38% 1.50%

  8. US 10 Year Ultra Future Dec19 1.46%

  9. Federal National Mortgage Association 4.5% 0.93%

  10. Federal National Mortgage Association 3.5% 0.77%


Asset Allocation

Weighting Return Low Return High MTRVX % Rank
Bonds
99.07% 80.14% 153.76% 31.12%
Other
0.40% -55.96% 29.72% 5.74%
Cash
0.30% -46.73% 22.95% 75.40%
Preferred Stocks
0.13% -48.13% 8.19% 7.37%
Convertible Bonds
0.10% 0.00% 6.16% 39.42%
Stocks
0.00% -14.50% 18.61% 15.67%

Bond Sector Breakdown

Weighting Return Low Return High MTRVX % Rank
Corporate
45.21% -57.89% 99.47% 15.10%
Securitized
38.44% 0.00% 141.25% 19.35%
Government
15.64% -74.40% 253.85% 36.94%
Cash & Equivalents
0.30% -46.73% 22.95% 72.92%
Derivative
0.00% -125.90% 27.06% 14.50%
Municipal
0.00% 0.00% 157.77% 78.38%

Bond Geographic Breakdown

Weighting Return Low Return High MTRVX % Rank
US
90.23% 66.38% 153.76% 62.81%
Non US
8.84% -55.96% 22.80% 28.08%

MTRVX - Expenses

Operational Fees

MTRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.00% 209.96% 24.71%
Management Fee 0.50% 0.00% 1.25% 81.14%
12b-1 Fee 0.50% 0.00% 1.00% 66.09%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

MTRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

MTRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Turnover 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.

MTRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 95.00% 0.00% 1856.00% 73.18%

MTRVX - Distributions

Dividend Yield Analysis

MTRVX Category Low Category High MTRVX % Rank
Dividend Yield 1.15% 0.00% 95.70% 62.89%

Dividend Distribution Analysis

MTRVX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

MTRVX Category Low Category High MTRVX % Rank
Net Income Ratio 2.15% -0.18% 6.30% 69.43%

Capital Gain Distribution Analysis

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

MTRVX - Managers

Dan C. Roberts

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2011

8.59

8.6%

Dan C. Roberts is an Executive Managing Director, Head of the Global Fixed Income Group and its Chief Investment Officer. His responsibilities include spearheading macro-economic research, managing portfolios that utilize asset allocation and chairing GFI’s Investment Policy Committee (IPC). Directing the IPC is Dan’s most important investment responsibility as this Committee is the foundation of the GFI team-based approach to managing portfolios. It sets all portfolio strategy within the context of the team’s macro view and monitors compliance with its decisions. No significant positions are taken in any portfolio without the approval of the IPC. The IPC’s voting members are GFI’s four most senior investment professionals, who have worked together for nearly two decades. Dan joined MacKay Shields in 2004 when the firm acquired the fixed income business of Pareto Partners, where he had served as Chief Investment Officer. Dan first began assembling his team in 1989, when he was appointed head of fixed income at UBS Asset Management. In 1997 the team joined Forstmann-Leff International and was subsequently purchased by Pareto Partners in 2000. Prior to UBS, Dan worked at Chase Manhattan Bank, initially as a Financial Economist before being named head of Global Interest Rate and Currency Swaps Trading. Before joining the private sector, Dan served at The White House with the President’s Council of Economic Advisors from 1981 to 1983, was the Chief of Staff of the U.S. Congress’ Joint Economic Committee from 1984 to 1985 and was an economist at the U.S. Securities and Exchange Commission from 1977 to 1978. Dan holds a BBA and a PhD from University of Iowa. He has been working in the investment industry since 1977.


Stephen R. Cianci

Manager

Start Date

Tenure

Tenure Rank

Oct 18, 2018

0.95

1.0%

Stephen Cianci, Senior Managing Director, is a Senior Portfolio Manager for the Global Fixed Income Team. Steve's focus will be on multi-sector and core strategies. He is an adjunct professor of finance and a member of the Business Advisory Council at Widener University. Steve graduated with a MBA and BA from Widener University and is a CFA charterholder. He has been working in the investment industry since 1992.


Neil Moriarty

Manager

Start Date

Tenure

Tenure Rank

Oct 18, 2018

0.95

1.0%

Neil Moriarty Ill is a Senior Managing Director and Senior Portfolio Manager for the Global Fixed Income Team, joining MacKay Shields on January 2, 2018. Neil's focus is on multi-sector and core strategies. Prior to joining MacKay Shields, Neil was with Aberdeen via the 2005 acquisition of Deutsche Asset Management's London and Philadelphia fixed income businesses. While at Aberdeen, his responsibilities included Head of US Core, Structured Products and Co-Head of US Core Short Duration. Neil joined Deutsche in 2002 from Swathmore/Cypress Capital Management where he worked in fixed income portfolio management. Previously, Neil worked for Chase Securities in fixed income trading and research. Prior to that, Neil worked for Paine Webber in fixed income trading and research. Neil graduated with a BA from University of Massachusetts, Amherst. He has been working in the investment industry since 1987.


Tenure Analysis

Category Low

0.0

Category High

32.85

Category Average

7.59

Category Mode

7.37