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Morningstar

MainStay MacKay High Yield Corp Bd R2 MHYRX

Morningstar Analyst Rating
Analyst rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 5.06  /  0.59 %
  • Total Assets 10.3 Bil
  • Adj. Expense Ratio
    1.050%
  • Expense Ratio 1.050%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 5.08%
  • Effective Duration 1.80 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:23 PM GMT+00:00

Morningstar’s Analysis MHYRX

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

People Pillar

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

The captain of this high yield strategy has an experienced crew maintaining a steady ship.

Senior Analyst

Summary

| by Peter Marchese

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, resulting 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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