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MainStay MacKay Convertible I MCNVX

Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 17.98  /  0.94 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Convertibles
  • Investment Style Large Blend
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 4.54%
  • Turnover 33%

Morningstar’s Analysis MCNVX

Will MCNVX 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 MCNVX

  • Current Portfolio Date
  • Equity Holdings 4
  • Bond Holdings 0
  • Other Holdings 103
  • % Assets in Top 10 Holdings
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MainStay US Government Liquidity I

4.90
77,729,965
Cash and Equivalents

Nice Limited 0%

2.76
43,746,000
Corporate

Microchip Technology Incorporated 0.125%

2.30
36,546,750
Corporate

Biomarin Pharmaceutical Inc. 1.25%

2.25
35,764,622
Corporate

Pioneer Natural Resources Company 0.25%

2.23
35,426,815
Corporate

NRG Energy, Inc. 2.75%

1.91
30,255,660
Corporate

Exact Sciences Corporation 0.375%

1.90
30,083,760
Corporate

Southwest Airlines Co. 1.25%

1.76
27,958,816
Corporate

Palo Alto Networks Inc 0.375%

1.75
27,854,680
Corporate

Ford Motor Company 0%

1.75
27,838,000
Corporate