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Morningstar

MainStay MacKay Convertible B MCSVX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 17.14  /  0.81 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    1.860%
  • Expense Ratio 1.860%
  • Distribution Fee Level High
  • Share Class Type —
  • Category Convertibles
  • Investment Style Mid Growth
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 0.65%
  • Turnover 14%

USD | NAV as of Oct 03, 2023 | 1-Day Return as of Oct 03, 2023, 10:41 PM GMT+0

Morningstar’s Analysis MCSVX

Will MCSVX 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 MCSVX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MCSVX 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 MCSVX’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 MCSVX

More MCSVX Holdings
  • Current Portfolio Date
  • Equity Holdings 5
  • Bond Holdings 0
  • Other Holdings 106
  • % Assets in Top 10 Holdings 21.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MainStay US Government Liquidity I

8.47
139,967,348
Cash and Equivalents

EQT Corporation 1.75%

2.73
45,113,623
Corporate

Nice Limited 0%

2.62
43,286,000
Corporate

Pioneer Natural Resources Company 0.25%

2.23
36,817,699
Corporate

Microchip Technology Incorporated 0.125%

2.17
35,859,938
Corporate

Biomarin Pharmaceutical Inc. 1.25%

2.13
35,137,294
Corporate

Helix Energy Solutions Group, Inc. 6.75%

2.09
34,541,575
Corporate

Permian Resources Corp 3.25%

2.08
34,432,385
Corporate

Southwest Airlines Co. 1.25%

1.76
29,020,106
Corporate

Lantheus Holdings Inc 2.625%

1.67
27,625,774
Corporate