MainStay MacKay Short Duration High Yield has a stable and experienced team in place. While its process for security selection and portfolio construction is sound, its short-duration focus limits its potential relative to wider-ranging peers, earning an Average Process Pillar rating. This results in a Morningstar Medalist Rating of Neutral for most share classes and a Negative rating for its most expensive B and C share classes.
MainStay MacKay Short Dur Hi Inc A MDHAX
- NAV / 1-Day Return 9.45 / −0.11 %
- Total Assets 2.2 Bil
-
Adj. Expense Ratio
1.020%
- Expense Ratio 1.020%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 15,000
- Status Open
- TTM Yield 5.86%
- Effective Duration 1.52 years
USD | NAV as of Apr 15, 2024 | 1-Day Return as of Apr 15, 2024, 9:57 PM GMT+0
Morningstar’s Analysis MDHAX
Will MDHAX 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
|
|---|---|---|---|
Other Assets & Liabilities | 7.13 | 142.2 Mil | — |
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