Morningstar

NYLIM MacKay Short Duration High Income Class I MDHIX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $9.23  /  0.00
  • Fund Size $2.9B
  • Adjusted Expense Ratio 0.780%
  • Net Expense Ratio 0.780%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 6.10%
  • Average Effective Duration 1.71 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MDHIX

Will MDHIX outperform in the 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 MDHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MDHIX 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 MDHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Experienced leadership and modest ambitions.

Analyst Jeana Doubell

Jeana Doubell

Analyst

Summary

NYLI MacKay Short Duration High Income (previously named MainStay MacKay Short Duration High Income) boasts a skilled lead manager and ample comanager support. However, its short-duration focus within an otherwise sound process limits potential relative to wider-ranging peers.

by Jeana Doubell
Rated on Published on

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Portfolio Holdings MDHIX

More MDHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

3.04 91M
Cash and Equivalents

Great Outdoors Group, Llc

1.08 32M
Corporate

Cash Offsets For Shorts & Derivatives

1.02 31M
Cash and Equivalents

Churchill Downs Inc 5.5%

0.99 30M
Corporate

Tibco Software Inc 6.5%

0.92 27M
Corporate

TransDigm, Inc. 6.75%

0.89 27M
Corporate

Organon & Co 4.125%

0.87 26M
Corporate

TransDigm, Inc. 6.375%

0.82 24M
Corporate

Star Leasing Co LLC 7.625%

0.74 22M
Corporate

Jazz Securities Designated Activity Co. 4.375%

0.73 22M
Corporate

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