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MainStay MacKay Convertible I MCNVX

Analyst rating as of
NAV / 1-Day Return
20.01  /  0.10 %
Total Assets
1.9 Bil
Adj. Expense Ratio
0.610%
Expense Ratio
0.610%
Fee Level
Low
Longest Manager Tenure
20.72 years
Category
Convertibles
Investment Style
Large Value
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
1.26%
Turnover
49%
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Morningstar’s Analysis

Will MCNVX outperform in future?

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

Steady management with a selective approach.

Summary

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MainStay MacKay Convertible Bond’s experienced portfolio management duo has maintained a more conservative approach relative to its peers, but their style has not proved to be an advantage. The strategy’s cheapest I share class earns a Morningstar Analyst Rating of Bronze, while its more expensive options carry Neutral ratings.

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