- ISIN
- US56063J3445
- CUSIP
- 56063J344
- Issuer
- New York Life
- Inception Date
- May 2, 2004
- Category
- Bank Loan
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MXFIX Performance Chart
MainStay Floating Rate Fund (MXFIX) is up 0.9% since the beginning of the year. MXFIX is currently trading at $9 per share. Investors who bought $1,000 worth of MXFIX shares 5 years ago would now be looking at an investment worth $1,281.
Loading charts...
Returns By Period
MainStay Floating Rate Fund (MXFIX) has returned 0.87% so far this year and 4.53% over the past 12 months. Over the last ten years, MXFIX has returned 4.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
MainStay Floating Rate Fund
- 1D
- 0.00%
- 1M
- 0.42%
- YTD
- 0.87%
- 6M
- 1.83%
- 1Y
- 4.53%
- 3Y*
- 6.78%
- 5Y*
- 5.07%
- 10Y*
- 4.62%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MXFIX Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 2004, MXFIX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 75% of months were positive and 25% were negative. The best month was Jan 2009 with a return of +6.8%, while the worst month was Oct 2008 at -12.0%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 7 months.
On a daily basis, MXFIX closed higher 23% of trading days. The best single day was Mar 26, 2020 with a return of +3.5%, while the worst single day was Mar 18, 2020 at -3.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.38% | -0.89% | 0.36% | 1.36% | 0.54% | -0.12% | 0.87% | ||||||
| 2025 | 0.73% | 0.10% | -0.53% | -0.08% | 1.56% | 0.94% | 0.72% | 0.50% | 0.36% | 0.13% | 0.33% | 0.61% | 5.47% |
| 2024 | 0.61% | 0.79% | 0.84% | 0.45% | 0.96% | -0.34% | 0.81% | 0.73% | 0.68% | 0.77% | 0.84% | 0.40% | 7.80% |
| 2023 | 2.76% | 0.40% | 0.01% | 1.00% | -0.32% | 2.10% | 1.15% | 0.94% | 0.70% | -0.79% | 1.34% | 1.64% | 11.43% |
| 2022 | -0.10% | -0.54% | -0.08% | -0.19% | -2.37% | -2.30% | 2.43% | 1.38% | -2.40% | 1.24% | 1.41% | 0.40% | -1.27% |
| 2021 | 0.90% | 0.30% | -0.23% | 0.46% | 0.45% | 0.23% | -0.08% | 0.38% | 0.48% | 0.16% | -0.30% | 0.60% | 3.40% |
Benchmark Metrics
MainStay Floating Rate Fund has an annualized alpha of 3.72%, beta of 0.04, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since April 30, 2004.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (20.59%) than losses (13.93%) - typical of diversified or defensive assets.
- Beta of 0.04 may look defensive, but with R2 of 0.05 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.05 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.72%
- Beta
- 0.04
- R²
- 0.05
- Upside Capture
- 20.59%
- Downside Capture
- 13.93%
Expense Ratio
MXFIX has an expense ratio of 0.74%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MXFIX ranks 64 for risk / return — better than 64% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MainStay Floating Rate Fund (MXFIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MXFIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.37 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.78 | -0.15 |
| Martin ratioReturn relative to average drawdown | 8.38 | 12.44 | -4.06 |
Dividends
Dividend History
MainStay Floating Rate Fund provided a 7.18% dividend yield over the last twelve months, with an annual payout of $0.61 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.64 | $0.66 | $0.67 | $0.39 | $0.26 | $0.31 | $0.45 | $0.43 | $0.38 | $0.35 | $0.35 |
Dividend yield | 7.18% | 7.41% | 7.49% | 7.50% | 4.51% | 2.90% | 3.46% | 4.87% | 4.85% | 4.09% | 3.75% | 3.95% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Floating Rate 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.00 | $0.23 | ||||||
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.64 |
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.66 |
| 2023 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.07 | $0.06 | $0.67 |
| 2022 | $0.00 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.39 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the MainStay Floating Rate 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 Floating Rate Fund was 25.01%, occurring on Dec 17, 2008. Recovery took 184 trading sessions.
The current MainStay Floating Rate Fund drawdown is 0.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -25.01%Dec 2008 | 1y 5mo | 8mo 28d | 2y 2moJul 2007 - Sep 2009 |
COVID crash2020 | -20.09%Mar 2020 | 2mo 2d | 7mo 22d | 9mo 24dJan 2020 - Nov 2020 |
Bear market2022 | -6.34%Jul 2022 | 5mo 16d | 6mo 15d | 12mo 1dJan 2022 - Jan 2023 |
2011 pullback2011 | -5.29%Aug 2011 | 24d | 4mo 12d | 5mo 6dAug 2011 - Jan 2012 |
2016 pullback2016 | -4.28%Feb 2016 | 8mo 19d | 2mo 11d | 11moJun 2015 - Apr 2016 |
Drawdown Indicators
| MXFIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.01% | -56.78% | +31.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -9.10% | +7.37% |
Max Drawdown (3Y)Largest decline over 3 years | -2.57% | -18.90% | +16.33% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -25.43% | +19.09% |
Max Drawdown (10Y)Largest decline over 10 years | -20.09% | -33.92% | +13.83% |
Current DrawdownCurrent decline from peak | -0.12% | -1.80% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -10.71% | +9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 2.03% | -1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MXFIX
Add MainStay Floating Rate Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MXFIX