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Morningstar

MainStay MacKay Short Dur Hi Inc Inv MDHVX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See New York Life Investment Hub

Morningstar’s Analysis MDHVX

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

  • People Pillar

    The People Pillar is our evaluation of the MDHVX 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 MDHVX’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

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