MainStay CBRE Real Estate Fund (CRARX)
Under normal market conditions, the fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in common and preferred stocks of U.S. real estate investment trusts ("REITs") and other real estate companies. The Sub-Adviser may invest in companies with any market capitalization. However, the Sub-Adviser will generally not invest in companies with a market capitalization of less than $100 million at the time of purchase.
Fund Info
| ISIN | US56064L2491 |
|---|---|
| CUSIP | 56064L249 |
| Issuer | New York Life Investments |
| Inception Date | Dec 31, 1996 |
| Category | REIT |
| Min. Investment | $1,000,000 |
| Asset Class | Real Estate |
Expense Ratio
The MainStay CBRE Real Estate Fund has a high expense ratio of 0.83%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MainStay CBRE Real Estate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MainStay CBRE Real Estate Fund had a return of -9.21% year-to-date (YTD) and -0.14% in the last 12 months. Over the past 10 years, MainStay CBRE Real Estate Fund had an annualized return of 5.12%, while the S&P 500 had an annualized return of 10.42%, indicating that MainStay CBRE Real Estate Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -9.21% | 5.05% |
| 1 month | -5.70% | -4.27% |
| 6 months | 14.04% | 18.82% |
| 1 year | -0.14% | 21.22% |
| 5 years (annualized) | 3.16% | 11.38% |
| 10 years (annualized) | 5.12% | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.49% | 1.80% | 1.56% | |||||||||
| 2023 | -7.34% | -2.70% | 12.27% | 9.81% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
MainStay CBRE Real Estate Fund(CRARX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay CBRE Real Estate Fund (CRARX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay CBRE Real Estate Fund granted a 3.06% dividend yield in the last twelve months. The annual payout for that period amounted to $0.29 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.36 | $3.35 | $0.77 | $0.22 | $2.08 | $3.66 | $3.68 | $1.73 | $1.48 | $1.22 | $0.41 |
Dividend yield | 3.06% | 3.40% | 34.64% | 4.37% | 1.78% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% | 5.73% | 2.37% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay CBRE Real Estate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.03 | |||||||||
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $2.90 |
| 2021 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.25 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $1.78 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $3.34 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $3.27 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.18 | $0.00 | $1.16 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $1.12 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.84 |
| 2013 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the MainStay CBRE Real Estate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MainStay CBRE Real Estate Fund was 72.27%, occurring on Mar 6, 2009. Recovery took 793 trading sessions.
The current MainStay CBRE Real Estate Fund drawdown is 25.57%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -72.27% | Feb 8, 2007 | 521 | Mar 6, 2009 | 793 | Apr 27, 2012 | 1314 |
| -45.19% | Feb 18, 2020 | 25 | Mar 23, 2020 | 265 | Apr 12, 2021 | 290 |
| -35.43% | Jan 3, 2022 | 456 | Oct 25, 2023 | — | — | — |
| -29.6% | Oct 7, 1997 | 571 | Dec 14, 1999 | 255 | Dec 15, 2000 | 826 |
| -18.6% | Apr 15, 2002 | 124 | Oct 9, 2002 | 151 | May 16, 2003 | 275 |
Volatility
Volatility Chart
The current MainStay CBRE Real Estate Fund volatility is 6.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.