MainStay MacKay High Yield Corporate Bond has a stable and experienced team in place, but uncertainty around its matchup with a large and growing asset base results in a Morningstar Analyst Rating of Neutral for most share classes and a Negative rating for its most expensive B and C share classes.
Will MHCAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of MHCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.