MCOAX – Fund Analysis – NYLIM MacKay Convertible Class A | Morningstar

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Will MCOAX outperform in the future?

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

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MCOAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the MCOAX 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 MCOAX’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 May 18, 2026 Published on May 18, 2026

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