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Morningstar

MainStay MacKay High Yield Corp Bd A MHCAX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 5.11  /  0.00
  • Total Assets 10.6 Bil
  • Adj. Expense Ratio
    0.960%
  • Expense Ratio 0.960%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 15,000
  • Status Open
  • TTM Yield 5.84%
  • Effective Duration 3.00 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 9:53 PM GMT+0

Morningstar’s Analysis MHCAX

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

  • People Pillar

    The People Pillar is our evaluation of the MHCAX 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 MHCAX’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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