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.
MainStay MacKay Convertible B MCSVX
NAV / 1-Day Return
23.20
/
1.99
%
Total Assets
1.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.910%
Expense Ratio
1.910%
Fee Level
High
Longest Manager Tenure
19.84
years
Category
Convertibles
Investment Style
Large BlendMin. Initial Investment
1,000
Status
Closed
TTM Yield
0.15%
Turnover
46%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
Leadership is this strategy’s bright spot.
