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.
MainStay MacKay High Yield Corp Bd B MKHCX
NAV / 1-Day Return
5.52
/
0.36
%
Total Assets
12.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.830%
Expense Ratio
1.830%
Fee Level
High
Longest Manager Tenure
8.90
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
1,000
Status
Closed
TTM Yield
4.19%
Effective Duration
3.53
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MKHCX 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 MKHCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MKHCX 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 MKHCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A strong team, but its consistent approach may not be effective at scale.
