MainStay MacKay Convertible Bond’s selective investment mindset and strong fundamental work allow the team to ride through rough patches without major bruises, and a sensible, valuation-driven approach results in resilient performance. The strategy’s cheapest share class earns a Morningstar Medalist Rating of Bronze, while its more expensive options earn Neutral ratings.
MainStay MacKay Convertible Investor MCINX
- NAV / 1-Day Return 18.10 / +0.17 %
- Total Assets 1.6 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.190%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category Convertibles
- Investment Style Large Blend
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 3.77%
- Turnover 33%
USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 9:58 PM GMT+0
Morningstar’s Analysis MCINX
Will MCINX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings —
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Nice Limited 0% | 3.01 | 46.9 Mil | Corporate |
Pioneer Natural Resources Company 0.25% | 2.37 | 37.0 Mil | Corporate |
MainStay US Government Liquidity I | 2.33 | 36.3 Mil | Cash and Equivalents |
Microchip Technology Incorporated 0.125% | 2.23 | 34.8 Mil | Corporate |
Biomarin Pharmaceutical Inc. 1.25% | 2.22 | 34.6 Mil | Corporate |
NRG Energy, Inc. 2.75% | 2.07 | 32.2 Mil | Corporate |
Southwest Airlines Co. 1.25% | 1.91 | 29.8 Mil | Corporate |
Palo Alto Networks Inc 0.375% | 1.88 | 29.3 Mil | Corporate |
Ford Motor Company 0% | 1.80 | 28.1 Mil | Corporate |
Lantheus Holdings Inc 2.625% | 1.75 | 27.3 Mil | Corporate |