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Morningstar

MainStay MacKay High Yield Corp Bd I MHYIX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 5.01  /  0.00
  • Total Assets 10.2 Bil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.700%
  • Distribution Fee Level 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 5.49%
  • Effective Duration 3.24 years

USD | NAV as of Jun 08, 2023 | 1-Day Return as of Jun 08, 2023, 10:15 PM GMT+0

Morningstar’s Analysis MHYIX

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

People Pillar

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

A strong manager and team plying a robust process

Analyst Jeana Marie Doubell

Jeana Marie Doubell

Analyst

Summary

MainStay MacKay High Yield Corporate Bond has a stable and experienced team in place that implements a structured process for security selection and portfolio construction. The team’s consistent execution of its risk aware-approach earns a Process Pillar rating upgrade to Above Average, resulting in a Morningstar Medalist Rating of Bronze for most share classes and Neutral ratings for its more-expensive B and C share classes.

by Jeana Marie Doubell
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MHYIX

More MHYIX Holdings
  • Current Portfolio Date
  • Equity Holdings 14
  • Bond Holdings 549
  • Other Holdings 20
  • % Assets in Top 10 Holdings 7.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
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