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 C MDHCX
- NAV / 1-Day Return 9.47 / +0.21 %
- Total Assets 2.3 Bil
-
Adj. Expense Ratio
1.860%
- Expense Ratio 1.860%
- Distribution Fee Level High
- Share Class Type Level Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 5.15%
- Effective Duration 2.00 years
USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:17 PM GMT+0
Morningstar’s Analysis MDHCX
Will MDHCX 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 9.6
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Other Assets & Liabilities | 3.75 | 82.4 Mil | — |
Great Outdoors Group, Llc-Term B-2 Loan Cme Term S | 1.45 | 31.9 Mil | Corporate |
T-Mobile USA, Inc. 2.25% | 1.03 | 22.7 Mil | Corporate |
TransDigm, Inc. 6.375% | 1.03 | 22.6 Mil | Corporate |
NMG Holding Co Inc. 7.125% | 1.00 | 22.0 Mil | Corporate |
Churchill Downs Inc 5.5% | 0.97 | 21.4 Mil | Corporate |
IHO Verwaltungs GmbH 0% | 0.89 | 19.7 Mil | Corporate |
Plains All American Pipeline L.P. 0% | 0.84 | 18.5 Mil | Corporate |
TransDigm, Inc. 6.75% | 0.83 | 18.3 Mil | Corporate |
Directv Financing LLC/Directv Financing Co-Obligor Inc. 5.875% | 0.77 | 17.0 Mil | Corporate |