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.
NYLI MacKay Convertible Class A MCOAX
- NAV / 1-Day Return 23.09 / −3.11 %
- Total Assets 1.8B
-
Adj. Expense Ratio
0.930%
- Expense Ratio 0.930%
- Distribution Fee Level Low
- Share Class Type Front Load
- Category Convertibles
- Investment Style Large Value
- Min. Initial Investment 15,000
- Status Open
- TTM Yield 2.01%
- Turnover 40%
USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 12:11 AM GMT+0
Morningstar’s Analysis MCOAX
Will MCOAX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 25.9
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
NYLI U.S. Government Liquidity Class I | 5.66 | 102M | Cash and Equivalents |
Lumentum Holdings Inc. 0.5% | 4.79 | 86M | Corporate |
Western Digital Corp. 3% | 4.39 | 79M | Corporate |
Advanced Energy Industries, Inc. 2.5% | 2.88 | 52M | Corporate |
Welltower OP LLC 3.125% | 2.71 | 49M | Corporate |
Mirum Pharmaceuticals Inc. 4% | 2.23 | 40M | Corporate |
ON Semiconductor Corp. 0% | 2.06 | 37M | Corporate |
Planet Labs Pbc 0.5% | 1.76 | 32M | Corporate |
MKS Inc. 1.25% | 1.73 | 31M | Corporate |
Lantheus Holdings Inc 2.625% | 1.70 | 30M | Corporate |
United States