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
US56064L2491
56064L249
Dec 31, 1996
$1,000,000
Expense Ratio
CRARX features an expense ratio of 0.83%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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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 0.31% year-to-date (YTD) and 1.18% in the last 12 months. Over the past 10 years, MainStay CBRE Real Estate Fund had an annualized return of -4.12%, while the S&P 500 had an annualized return of 11.01%, indicating that MainStay CBRE Real Estate Fund did not perform as well as the benchmark.
CRARX
0.31%
-5.73%
5.04%
1.18%
-1.80%
-4.12%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of CRARX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.49% | 1.80% | 1.57% | -8.16% | 4.86% | 1.41% | 6.99% | 5.42% | 2.45% | -4.17% | 2.99% | 0.31% | |
| 2023 | 10.86% | -5.22% | -2.20% | 0.20% | -3.75% | 4.42% | 1.32% | -3.70% | -7.33% | -2.70% | 12.27% | 9.82% | 12.23% |
| 2022 | -8.31% | -4.62% | 6.55% | -3.24% | -5.49% | -7.55% | 8.88% | -5.87% | -12.37% | 2.89% | 5.77% | -26.39% | -43.32% |
| 2021 | 2.05% | 3.21% | 5.41% | 9.19% | 0.84% | 2.83% | 4.44% | 2.84% | -3.74% | 8.31% | -1.21% | 8.57% | 50.96% |
| 2020 | 1.20% | -8.07% | -21.39% | 8.26% | 1.34% | 3.36% | 4.22% | 0.00% | -3.31% | -2.93% | 10.75% | 4.09% | -6.50% |
| 2019 | 11.42% | 1.26% | 3.67% | 0.16% | 0.21% | 0.92% | 1.42% | 3.70% | 2.49% | 1.86% | -0.97% | -11.89% | 13.52% |
| 2018 | -3.50% | -7.13% | 2.85% | 1.31% | 2.37% | 4.13% | 0.26% | 2.47% | -2.41% | -3.57% | 4.15% | -26.29% | -26.13% |
| 2017 | -0.20% | 3.29% | -2.44% | -0.30% | -0.41% | 2.32% | 0.96% | -0.10% | -0.55% | -0.29% | 2.81% | -15.37% | -11.09% |
| 2016 | -4.22% | -0.41% | 10.19% | -2.55% | 1.60% | 6.59% | 4.15% | -3.55% | -2.11% | -6.07% | -2.31% | -1.00% | -0.91% |
| 2015 | 6.31% | -3.19% | 1.42% | -5.92% | -0.34% | -4.69% | 5.92% | -5.93% | 3.13% | 6.32% | -0.71% | -2.48% | -1.33% |
| 2014 | 3.81% | 5.22% | 0.79% | 3.09% | 2.56% | 1.05% | 0.13% | 2.78% | -5.93% | 9.56% | 1.84% | -1.00% | 25.76% |
| 2013 | 2.99% | 0.50% | 3.00% | 6.60% | -5.85% | -1.73% | 1.04% | -6.90% | 3.00% | 4.74% | -4.99% | 0.71% | 2.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CRARX is 7, meaning it’s performing worse than 93% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 1.29% dividend yield over the last twelve months, with an annual payout of $0.13 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.13 | $0.36 | $0.50 | $0.59 | $0.22 | $0.39 | $0.44 | $0.56 | $0.72 | $0.57 | $0.54 | $0.41 |
Dividend yield | 1.29% | 3.40% | 5.13% | 3.35% | 1.77% | 2.92% | 3.65% | 3.31% | 3.67% | 2.77% | 2.55% | 2.38% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.13 |
| 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 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.05 | $0.50 |
| 2021 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.59 |
| 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 | $0.22 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.10 | $0.39 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.12 | $0.44 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.15 | $0.56 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.18 | $0.00 | $0.15 | $0.72 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.20 | $0.57 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.17 | $0.54 |
| 2013 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.09 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 74.91%, occurring on Mar 6, 2009. Recovery took 1026 trading sessions.
The current MainStay CBRE Real Estate Fund drawdown is 42.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.91% | Feb 8, 2007 | 521 | Mar 6, 2009 | 1026 | Apr 5, 2013 | 1547 |
| -62.69% | Aug 2, 2016 | 916 | Mar 23, 2020 | — | — | — |
| -29.6% | Oct 7, 1997 | 571 | Dec 14, 1999 | 255 | Dec 15, 2000 | 826 |
| -19.64% | Jan 27, 2015 | 264 | Feb 11, 2016 | 97 | Jun 30, 2016 | 361 |
| -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 5.08%, 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.