Morningstar

NYLI MacKay Convertible Investor Class MCINX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 23.38  /  −0.09 %
  • Total Assets 1.9B
  • Adj. Expense Ratio
    1.160%
  • Expense Ratio 1.160%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Convertibles
  • Investment Style Large Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.67%
  • Turnover 40%

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 10:47 PM GMT+0

Morningstar’s Analysis MCINX

Will MCINX outperform in the 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 MCINX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MCINX 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 MCINX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Deep experience and downside discipline, with an up-market asterisk.

Analyst Zach Houston-Read

Zach Houston-Read

Analyst

Summary

The veteran duo managing NYLI MacKay Convertible offers investors a disciplined, quality-focused approach to convertible securities. The strategy consistently prioritizes capital preservation during downturns, but the process can leave “chips on the table” when markets rally.

by Zach Houston-Read
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MCINX

More MCINX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NYLI U.S. Government Liquidity Class I

6.49 121M
Cash and Equivalents

Western Digital Corp. 3%

4.90 92M
Corporate

Lumentum Holdings Inc. 0.5%

2.93 55M
Corporate

Welltower OP LLC 3.125%

2.47 46M
Corporate

Advanced Energy Industries, Inc. 2.5%

2.17 41M
Corporate

Seagate HDD Cayman 3.5%

2.03 38M
Corporate

MKS Inc. 1.25%

1.87 35M
Corporate

Lantheus Holdings Inc 2.625%

1.74 33M
Corporate

Planet Labs Pbc 0.5%

1.70 32M
Corporate

Tetra Tech Inc 2.25%

1.48 28M
Corporate

Sponsor Center