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Morningstar

MainStay MacKay Convertible I MCNVX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 18.85  /  +0.37 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.620%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Convertibles
  • Investment Style Large Blend
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.27%
  • Turnover 33%

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:08 PM GMT+0

Morningstar’s Analysis MCNVX

Will MCNVX 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 MCNVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Still a solid choice.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

MainStay MacKay Convertible Bond’s selective mindset and steadfast investing style allow it to weather rough patches without major bruises, and a sensible, valuation-driven approach results in resilient performance.

by Chiayi Tsui
Rated on Published on

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Portfolio Holdings MCNVX

More MCNVX Holdings
  • 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

4.92 77.3 Mil
Cash and Equivalents

Pioneer Natural Resources Company 0.25%

2.77 43.5 Mil
Corporate

Microchip Technology Incorporated 0.125%

2.35 36.8 Mil
Corporate

TransMedics Group Inc. 1.5%

2.18 34.2 Mil
Corporate

Nice Limited 0%

2.16 33.9 Mil
Corporate

Tetra Tech Inc 2.25%

2.01 31.6 Mil
Corporate

Lantheus Holdings Inc 2.625%

1.92 30.2 Mil
Corporate

NRG Energy, Inc. 2.75%

1.78 27.9 Mil
Corporate

Palo Alto Networks Inc 0.375%

1.77 27.9 Mil
Corporate

Ford Motor Company 0%

1.77 27.8 Mil
Corporate