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MainStay MacKay Convertible A MCOAX

Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 18.42  /  +0.66 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.950%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Convertibles
  • Investment Style Large Blend
  • Min. Initial Investment 15,000
  • Status Open
  • TTM Yield 4.17%
  • Turnover 33%

USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:19 PM GMT+0

Morningstar’s Analysis MCOAX

Will MCOAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Sensible and selective—a solid choice.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

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.

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Portfolio Holdings MCOAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MainStay US Government Liquidity I

4.95 77.4 Mil
Cash and Equivalents

Nice Limited 0%

2.83 44.3 Mil
Corporate

Pioneer Natural Resources Company 0.25%

2.31 36.2 Mil
Corporate

Microchip Technology Incorporated 0.125%

2.24 34.9 Mil
Corporate

Biomarin Pharmaceutical Inc. 1.25%

2.22 34.7 Mil
Corporate

Palo Alto Networks Inc 0.375%

2.04 32.0 Mil
Corporate

NRG Energy, Inc. 2.75%

1.98 31.0 Mil
Corporate

Southwest Airlines Co. 1.25%

1.82 28.4 Mil
Corporate

Exact Sciences Corporation 0.375%

1.81 28.3 Mil
Corporate

Ford Motor Company 0%

1.74 27.3 Mil
Corporate