MainStay MacKay Convertible’s experienced portfolio management team and strong resources have been stable over the long term, but its sensible approach has not demonstrated an edge. The strategy’s cheaper share class earns a Morningstar Analyst Rating of Bronze, while more expensive options warrant Neutral ratings.
Will MCOAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of MCOAX’s parent organization’s priorities and whether they’re in line with investors’ interests.