MainStay Short Term Bond Fund (MIXIX)
The investment seeks current income consistent with capital preservation. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in debt securities. Under normal circumstances, it invests at least 80% of net assets in investment grade quality bonds of various types as rated by a nationally recognized statistical rating organization ("NRSRO"), or if unrated, judged to be of comparable quality by NYL Investors LLC, the fund's Subadvisor. The fund may invest up to 20% of its net assets in bonds rated below investment grade by a NRSRO, commonly referred to as "high yield" or "junk" bonds.
Fund Info
ISIN | US56063J2520 |
---|---|
CUSIP | 56063J252 |
Issuer | New York Life Investments |
Inception Date | Jan 2, 1991 |
Category | Short-Term Bond |
Min. Investment | $1,000,000 |
Asset Class | Bond |
Expense Ratio
MIXIX has a high expense ratio of 0.40%, 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 Short Term Bond 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 Short Term Bond Fund had a return of 1.16% year-to-date (YTD) and 4.67% in the last 12 months. Over the past 10 years, MainStay Short Term Bond Fund had an annualized return of 2.00%, while the S&P 500 had an annualized return of 10.99%, indicating that MainStay Short Term Bond Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 1.16% | 11.18% |
1 month | 0.79% | 5.60% |
6 months | 3.16% | 17.48% |
1 year | 4.67% | 26.33% |
5 years (annualized) | 1.89% | 13.16% |
10 years (annualized) | 2.00% | 10.99% |
Monthly Returns
The table below presents the monthly returns of MIXIX, 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 | 0.43% | -0.15% | 0.42% | -0.21% | 1.16% | ||||||||
2023 | 0.99% | -0.68% | 0.91% | 0.41% | -0.17% | -0.25% | 0.52% | 0.30% | -0.15% | 0.10% | 1.55% | 1.32% | 4.92% |
2022 | -0.69% | -0.63% | -1.45% | -0.52% | 0.03% | -0.79% | 0.63% | -0.65% | -1.28% | -0.14% | 1.00% | 0.27% | -4.17% |
2021 | 0.26% | -0.05% | -0.22% | 0.28% | 0.18% | -0.13% | 0.19% | -0.01% | -0.01% | -0.41% | -0.24% | -0.14% | -0.30% |
2020 | 0.64% | 0.35% | -4.99% | 2.63% | 1.69% | 1.18% | 0.78% | 0.30% | -0.05% | 0.09% | 0.57% | 0.22% | 3.25% |
2019 | 1.04% | -0.05% | 1.97% | -0.05% | 1.68% | 1.27% | 0.21% | 2.63% | -0.61% | 0.30% | -0.37% | 0.22% | 8.49% |
2018 | -1.12% | -1.03% | 0.68% | -0.85% | 0.67% | -0.17% | 0.00% | 0.51% | -0.55% | -0.95% | 0.55% | 1.72% | -0.57% |
2017 | 0.24% | 0.58% | -0.08% | 0.68% | 0.77% | -0.07% | 0.43% | 0.85% | -0.56% | 0.09% | -0.19% | 0.42% | 3.19% |
2016 | 1.14% | 0.59% | 1.04% | 0.39% | -0.06% | 1.77% | 0.73% | -0.09% | -0.15% | -0.79% | -2.43% | 0.08% | 2.16% |
2015 | 2.00% | -0.94% | 0.47% | -0.34% | -0.35% | -1.06% | 0.56% | -0.16% | 0.61% | 0.12% | -0.34% | -0.39% | 0.16% |
2014 | 1.51% | 0.58% | -0.25% | 0.76% | 1.12% | 0.11% | -0.34% | 1.11% | -0.70% | 0.94% | 0.64% | 0.15% | 5.75% |
2013 | -0.77% | 0.52% | -0.03% | 0.95% | -1.78% | -1.55% | 0.08% | -0.47% | 0.92% | 0.74% | -0.36% | -0.67% | -2.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MIXIX is 83, placing it in the top 17% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
MIXIX (MainStay Short Term Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay Short Term Bond Fund (MIXIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay Short Term Bond Fund granted a 5.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.45 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.45 | $0.41 | $0.21 | $0.14 | $1.09 | $0.51 | $0.28 | $0.29 | $0.42 | $0.39 | $0.32 | $0.23 |
Dividend yield | 5.00% | 4.45% | 2.25% | 1.45% | 11.03% | 4.83% | 2.69% | 2.77% | 3.92% | 3.61% | 2.85% | 2.10% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Short Term Bond 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 | $0.04 | $0.04 | $0.04 | $0.05 | $0.00 | $0.17 | |||||||
2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.41 |
2022 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.21 |
2021 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.14 |
2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.93 | $1.09 |
2019 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.23 | $0.51 |
2018 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.28 |
2017 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.29 |
2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.16 | $0.42 |
2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.14 | $0.39 |
2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.06 | $0.32 |
2013 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.23 |
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 Short Term Bond 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 Short Term Bond Fund was 10.55%, occurring on May 3, 1996. Recovery took 322 trading sessions.
The current MainStay Short Term Bond Fund drawdown is 0.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-10.55% | Jan 2, 1996 | 89 | May 3, 1996 | 322 | Jul 29, 1997 | 411 |
-9.13% | Mar 6, 2020 | 12 | Mar 23, 2020 | 69 | Jun 30, 2020 | 81 |
-7.99% | Oct 18, 1993 | 146 | May 9, 1994 | 248 | Apr 20, 1995 | 394 |
-6.62% | Sep 16, 2021 | 277 | Oct 20, 2022 | 320 | Jan 31, 2024 | 597 |
-5.06% | Jun 16, 2003 | 32 | Jul 31, 2003 | 143 | Feb 25, 2004 | 175 |
Volatility
Volatility Chart
The current MainStay Short Term Bond Fund volatility is 0.84%, 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.