Advertisement
Skip to Content
Morningstar

MainStay MacKay Convertible C MCCVX

Morningstar Analyst Rating
Analyst rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 17.55  /  0.69 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    1.870%
  • Expense Ratio 1.880%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Convertibles
  • Investment Style Mid Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 0.58%
  • Turnover 49%

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 11:24 PM GMT+00:00

Morningstar’s Analysis MCCVX

Will MCCVX outperform in future?

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

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MCCVX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MCCVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of MCCVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Steadfast in management with a selective approach.

Analyst

Summary

| by Chiayi Tsui

MainStay MacKay Convertible Bond’s stable and experienced portfolio management and supporting team exhibit cautious risk-taking in their investment approach. The strategy’s cheapest share class earns a Morningstar Analyst Rating of Bronze, while its more expensive options earn Neutral ratings.

Unlock our full analysis with Morningstar Investor