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Morningstar

MainStay MacKay Short Dur Hi Yld I MDHIX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.27  /  0.11 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 5.24%
  • Effective Duration 1.66 years

USD | NAV as of Jun 05, 2023 | 1-Day Return as of Jun 05, 2023, 10:17 PM GMT+0

Morningstar’s Analysis MDHIX

Will MDHIX 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 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.

A strong team with a consistent approach.

Analyst Jeana Marie Doubell

Jeana Marie Doubell

Analyst

Summary

MainStay MacKay Short Duration High Yield has a stable and experienced team in place. While its process for security selection and portfolio construction is sound, its short-duration focus limits its potential relative to wider-ranging peers, earning an Average Process Pillar rating. This results in a Morningstar Medalist Rating of Neutral for most share classes and a Negative rating for its most expensive B and C share classes.

by Jeana Marie Doubell
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MDHIX

More MDHIX Holdings
  • Current Portfolio Date
  • Equity Holdings 6
  • Bond Holdings 309
  • Other Holdings 15
  • % Assets in Top 10 Holdings 11.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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