MainStay CBRE Real Estate I (CRARX)
9.42
+0.23
(+2.50%)
USD |
Mar 24 2023
Key Stats
| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 0.83% | 382.72M | 4.16% | 70.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| -14.26M | -21.05% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks total return. 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. The fund is non-diversified. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | CRARX |
| Equity Style | Mid Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Real Estate |
| Category Index | S&P United States REIT TR USD |
| Global Category Name | Real Estate Sector Equity |
| YCharts Categorization | Real Estate Equity |
| YCharts Benchmark | S&P 1500 Real Estate (Sector) Total Return (^SP15RESTR) |
| Prospectus Objective | Specialty - Real Estate |
| Fund Owner Firm Name | New York Life Investment Management LLC |
| Prospectus Benchmark Index | |
| FTSE Nareit All Equity REITs TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| Jonathan Miniman | 3.17 yrs |
| Joseph Smith | 3.17 yrs |
| Kenneth Weinberg | 3.17 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
--
--
Category Low
--
Category High
1 Year
% Rank:
46
-14.26M
-4.468B
Category Low
731.58M
Category High
3 Months
% Rank:
--
--
Category Low
--
Category High
3 Years
% Rank:
--
--
Category Low
--
Category High
6 Months
% Rank:
--
--
Category Low
--
Category High
5 Years
% Rank:
--
--
Category Low
--
Category High
YTD
% Rank:
--
--
Category Low
--
Category High
10 Years
% Rank:
--
--
Category Low
--
Category High
As of February 28, 2023
Risk
Performance Versus Category
As of March 24, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 24, 2023.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Prologis Inc | 9.73% | 117.03 | 2.52% |
| Equinix Inc | 6.84% | 681.70 | 2.30% |
| Crown Castle Inc | 6.33% | 129.46 | 4.61% |
| American Tower Corp | 5.87% | 199.62 | 4.17% |
| Simon Property Group Inc | 5.22% | 103.48 | 1.07% |
| Alexandria Real Estate Equities Inc | 4.28% | 119.86 | 3.27% |
| Sun Communities Inc | 4.10% | 133.35 | 2.81% |
| CubeSmart | 3.83% | 45.12 | 2.20% |
| Public Storage | 3.60% | 286.60 | 1.54% |
| Invitation Homes Inc | 3.59% | 29.44 | 2.65% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | Upgrade |
| Administration Fee | -- |
| Performance Fee | -- |
| Switching Fee | -- |
| Transaction Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
Basic Info
| Investment Strategy | |
| The investment seeks total return. 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. The fund is non-diversified. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | CRARX |
| Equity Style | Mid Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Real Estate |
| Category Index | S&P United States REIT TR USD |
| Global Category Name | Real Estate Sector Equity |
| YCharts Categorization | Real Estate Equity |
| YCharts Benchmark | S&P 1500 Real Estate (Sector) Total Return (^SP15RESTR) |
| Prospectus Objective | Specialty - Real Estate |
| Fund Owner Firm Name | New York Life Investment Management LLC |
| Prospectus Benchmark Index | |
| FTSE Nareit All Equity REITs TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| Jonathan Miniman | 3.17 yrs |
| Joseph Smith | 3.17 yrs |
| Kenneth Weinberg | 3.17 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (3-24-23) | 4.16% |
| 30-Day SEC Yield (1-31-23) | Upgrade |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 25.01 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of February 28, 2023
Fund Details
| Key Dates | |
| Inception Date | 12/31/1996 |
| Last Annual Report Date | 4/30/2022 |
| Last Prospectus Date | 8/28/2022 |
| Share Classes | |
| CLARX | A |
| CRCRX | C |
| CRVRX | Inv |
| CRWRX | Retirement |
| VREQX | Retirement |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |