Kenneth is a Managing Director and Head of the Third-Party Investment Grade Portfolio Management team of Fixed Income Investors. He is Portfolio Manager of the MainStay Short Term Bond Fund and MainStay Balanced Fund. He is also responsible for managing all multi-sector third-party fixed income portfolios, including retail mutual funds, ETFs, and institutional separate accounts. Previously, he was a Portfolio Manager of the Third-Party Investment Grade Portfolio Management team focused on the investment grade corporate sector. In addition to these responsibilities, he was instrumental in sector allocations across third-party portfolios.
Kenneth joined the firm in 2005 as a sector specialist focused on investment grade corporate bonds. Previously, he was an investment analyst at MetLife Investments. He has worked in the financial services industry since 2002.
Kenneth earned a B.S. in Finance from Binghamton University and an M.B.A. from Fordham University.
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The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance (this does not include the effects of sales charges, loads, and redemption fees). The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
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