Skip to Content
Morningstar

MainStay MacKay Convertible Investor MCINX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 18.09  /  0.44 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    1.110%
  • Expense Ratio 1.110%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Convertibles
  • Investment Style Mid Growth
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.36%
  • Turnover 14%

USD | NAV as of Dec 07, 2023 | 1-Day Return as of Dec 07, 2023, 11:22 PM GMT+0

Morningstar’s Analysis MCINX

Will MCINX 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 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.

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.

by Chiayi Tsui
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MCINX

More MCINX Holdings
  • Current Portfolio Date
  • Equity Holdings 5
  • Bond Holdings 0
  • Other Holdings 102
  • % Assets in Top 10 Holdings 22.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MainStay US Government Liquidity I

7.94
120,796,290
Cash and Equivalents

EQT Corporation 1.75%

2.91
44,220,474
Corporate

Nice Limited 0%

2.69
40,940,000
Corporate

Pioneer Natural Resources Company 0.25%

2.44
37,159,210
Corporate

Permian Resources Corp 3.25%

2.32
35,291,161
Corporate

Microchip Technology Incorporated 0.125%

2.22
33,778,688
Corporate

Helix Energy Solutions Group, Inc. 6.75%

2.22
33,775,662
Corporate

Biomarin Pharmaceutical Inc. 1.25%

2.20
33,495,949
Corporate

Oil States International, Inc. 4.75%

1.75
26,602,582
Corporate

Lantheus Holdings Inc 2.625%

1.75
26,557,744
Corporate