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Morningstar

MainStay MacKay High Yield Corp Bd R6 MHYSX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See New York Life Investment Hub

Morningstar’s Analysis MHYSX

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

  • People Pillar

    The People Pillar is our evaluation of the MHYSX 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 MHYSX’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

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