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Mainstay Floating Rate Fund Class A (MXFAX)

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8.87 0.00 0%

20/06 - Delayed Data. Currency in USD ( Disclaimer )

Morningstar Rating:
Total Assets: 690.98M

Type: Fund

Market: United States

Issuer: MainStay

Asset Class: Other

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MXFAX Overview

On this page you'll find an in-depth profile of Mainstay Floating Rate Fund Class A. Learn about the key management, total assets, investment strategy and contact information of MXFAX among other information.

Investment Strategy

The investment seeks high current income. The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a portfolio of floating rate loans and other floating rate debt securities. When the fund's Subadvisor believes that market or economic conditions are unfavorable to investors, up to 100% of the fund's assets may be invested in money market or short-term debt securities. The fund may invest up to 25% of its total assets in foreign securities which are generally U.S. dollar-denominated loans and other debt securities issued by one or more non-U.S. borrower(s) without a U.S. domiciled co-borrower.

Contact Information

Address 51 Madison Avenue
New York,NY 10036
United States

Phone +1 212 9386500

Fax 212-938-8181

Web www.nylim.com/institutional

Top Executives

Name	Title	Since	Until
Mark A. Campellone	Managing Director	2012	Now
Biography	Mr. Campellone has managed the MainStay Floating Rate Fund since 2012. He is a Managing Director in Fixed Income Investors within NYL Investors and currently serves as Head of Floating Rate Loan Trading in the High Yield Credit Group. Mr. Campellone joined New York Life Investments in 2003 (NYL Investors’ predecessor). He is responsible for the management of non-investment-grade assets including floating rate loans and high-yield bonds and is also a portfolio manager on all floating rate loan mandates including retail mutual funds, institutional accounts and collateralized loan obligation funds (“CLOs”). Prior to joining NYLIM, Mr. Campellone was a leveraged finance portfolio manager for Lyon Capital Management. He has also worked at Credit Lyonnais and First Fidelity Bank in various capacities in the leveraged and corporate finance markets, as well as middle market lending. Mr. Campellone received a B.A. from Muhlenberg College and an M.B.A. from Rutgers Business School.
Arthur S. Torrey	Portfolio Manager	2012	Now
Biography	Mr. Torrey has managed the MainStay Floating Rate Fund since 2012. Mr. Torrey is a Managing Director in Fixed Income Investors within NYL Investors and is in the High Yield Credit Group. Mr. Torrey joined New York Life Investments in 2006 (NYL Investors’ predecessor). He is responsible for the management of non investment-grade assets including floating rate loans and high-yield bonds. He is also a portfolio manager on all floating rate loan mandates including retail mutual funds, institutional accounts and CLOs. Mr. Torrey received a BSBA from the University of Denver.
Robert Dial	-	2004	2022
Biography	Robert Dial joined New York Life Investment Management LLC (predecessor of NYL Investors LLC) in 2001. Mr. Dial is a Managing Director and the Head of the High Yield Credit team with NYL Investors’ Fixed Income Investors. In this role, he oversees the investment activity related to all non-investment grade assets. Mr. Dial has 29 years of investment experience and is also a Senior portfolio manager on all bank loan mandates including retail mutual funds, institutional separate accounts and CLOs. Prior to joining New York Life, he worked extensively in the leveraged finance markets for Fleet Securities, Credit Lyonnais and Chase Manhattan Bank. Mr. Dial received a B.A. from Yale University and an M.B.A. from the University of Chicago.
Anthony Malloy	Managing Director, Portfolio Manager	2004	2007
Biography	Malloy is a managing director and portfolio manager with NYLIM, his employer since 1999, and is responsible for the firm's leveraged loan business. Prior to joining the firm, he spent five years at J.P. Morgan as Vice President in the Debt Capital Markets group and as Vice President and senior relationship manager in the Loan Capital Markets group. Previously, Malloy was the Head of Risk Management in the Derivatives group at The Toronto-Dominion Bank.

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Recent Quotes

	Name	Price	Chg.	Chg. %
	MainStay Floating.	8.87	0.00	0%