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Morningstar

MainStay MacKay Convertible A MCOAX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 17.98  /  −0.28 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.950%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Convertibles
  • Investment Style Large Blend
  • Min. Initial Investment 15,000
  • Status Open
  • TTM Yield 3.99%
  • Turnover 33%

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:05 PM GMT+0

Morningstar’s Analysis MCOAX

Will MCOAX 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 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.

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.

by Chiayi Tsui
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MCOAX

More MCOAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Nice Limited 0%

3.01 46.9 Mil
Corporate

Pioneer Natural Resources Company 0.25%

2.37 37.0 Mil
Corporate

MainStay US Government Liquidity I

2.33 36.3 Mil
Cash and Equivalents

Microchip Technology Incorporated 0.125%

2.23 34.8 Mil
Corporate

Biomarin Pharmaceutical Inc. 1.25%

2.22 34.6 Mil
Corporate

NRG Energy, Inc. 2.75%

2.07 32.2 Mil
Corporate

Southwest Airlines Co. 1.25%

1.91 29.8 Mil
Corporate

Palo Alto Networks Inc 0.375%

1.88 29.3 Mil
Corporate

Ford Motor Company 0%

1.80 28.1 Mil
Corporate

Lantheus Holdings Inc 2.625%

1.75 27.3 Mil
Corporate