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 I MCNVX
- NAV / 1-Day Return 18.28 / +0.83 %
- Total Assets 1.6 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.620%
- Distribution Fee Level Low
- Share Class Type Institutional
- Category Convertibles
- Investment Style Large Blend
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 4.31%
- Turnover 33%
USD | NAV as of May 02, 2024 | 1-Day Return as of May 02, 2024, 10:15 PM GMT+0
Morningstar’s Analysis MCNVX
Will MCNVX 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 21.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
MainStay US Government Liquidity I | 4.30 | 69.3 Mil | Cash and Equivalents |
Nice Limited 0% | 2.99 | 48.2 Mil | Corporate |
Pioneer Natural Resources Company 0.25% | 2.59 | 41.7 Mil | Corporate |
NRG Energy, Inc. 2.75% | 2.41 | 38.9 Mil | Corporate |
Microchip Technology Incorporated 0.125% | 2.20 | 35.5 Mil | Corporate |
Biomarin Pharmaceutical Inc. 1.25% | 2.13 | 34.4 Mil | Corporate |
Exact Sciences Corporation 0.375% | 1.84 | 29.6 Mil | Corporate |
Ford Motor Company 0% | 1.79 | 28.9 Mil | Corporate |
Southwest Airlines Co. 1.25% | 1.74 | 28.0 Mil | Corporate |
Palo Alto Networks Inc 0.375% | 1.67 | 26.8 Mil | Corporate |