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MainStay MacKay High Yield Corp Bd A MHCAX

Analyst rating as of
NAV / 1-Day Return
5.59  /  0.18 %
Total Assets
12.2 Bil
Adj. Expense Ratio
0.990%
Expense Ratio
0.990%
Fee Level
Average
Longest Manager Tenure
8.89 years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
15,000
Status
Open
TTM Yield
5.00%
Effective Duration
3.53 years
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Morningstar’s Analysis

Will MHCAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A strong team, but its consistent approach may not be effective at scale.

Summary

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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.

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