Morningstar

NYLIM MacKay High Yield Corporate Bond Class A MHCAX

Morningstar Medalist Rating
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  • NAV / 1-Day Return$5.02  /  −0.20%
  • Fund Size$9.9B
  • Adjusted Expense Ratio0.970%
  • Net Expense Ratio0.970%
  • Fee Level: DistributionAverage
  • Share Class TypeFront Load
  • Morningstar CategoryHigh Yield Bond
  • Fixed-Income Style Box (Funds)Low/Limited
  • Minimum Initial Investment$15,000
  • Investment StatusOpen
  • TTM Yield5.97%
  • Average Effective Duration2.92 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MHCAX

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

  • People Pillar

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

Strong leadership with ample support.

Analyst Jeana Doubell

Jeana Doubell

Analyst

Summary

New York Life Investments MacKay High Yield Corporate Bond (renamed from MainStay MacKay High Yield Corporate Bond in 2024) boasts a skilled lead manager, with ample comanager support, running a well-structured and risk-aware process.

by Jeana Doubell
Rated on Published on

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Portfolio Holdings MHCAX

More MHCAX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings5.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

3.21323M
Cash and Equivalents

Cash Offsets For Shorts & Derivatives

1.65166M
Cash and Equivalents

Great Outdoors Group, Llc

0.8081M
Corporate

TransDigm, Inc. 6.375%

0.7878M
Corporate

Jazz Securities Designated Activity Co. 4.375%

0.5757M
Corporate

Core Scientific Finance I LLC 7.75%

0.5555M
Corporate

Energy Technologies Inc

0.5555M
—

Organon & Co 5.125%

0.5353M
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5%

0.5253M
Corporate

Star Leasing Co LLC 7.625%

0.5050M
Corporate

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