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MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
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5.560.00 (0.00%)
At close: 08:01PM EST

MainStay MacKay High Yield Corporate Bond Fund Class A

MainStay Funds

169 Lackawanna Ave

Parsippany, NJ 07054

Management information
Andrew Susser,Lead manager since 27 February 2013
Mr. Susser is an Executive Managing Director of MacKay Shields. Prior to joining MacKay Shields in 2006, Mr. Susser was a Portfolio Manager with Golden Tree Asset Management. Previously, he was a Managing Director and Head of High Yield Bond Research at Banc of America Securities. From 1999 to 2004, Andrew was named to the Institutional Investor All-America Fixed Income Research Team; from 2002 to 2004, he was ranked by Institutional Investor as the No. 1 analyst in the high yield sector. Andrew also worked as a Fixed Income Analyst for Salomon Brothers, as a Senior Analyst at Moody's Investors Service and as a Market Analyst and Institutional Trading Liaison for Merrill Lynch Capital Markets. He began his career as a Corporate Finance and M&A Attorney at Shearman & Sterling in their New York office. Andrew received a BA from Vassar College, an MBA from the Wharton Graduate School of Business and a JD from the University of Pennsylvania Law School. He has been working in the investment industry since 1986.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryHigh Yield Bond
Fund familyNew York Life Investment Management LLC
Net assets12.11B
YTD return3.54%
Morningstar rating★★★★
Inception date2 Jan 1995

Fund operations

Last dividend0.02
Last cap gain0.00
Holdings turnover38.00%
Average for categoryN/A

Fees and expenses

ExpenseMHCAXCategory average
Annual report expense ratio (net)0.99%0.95%
Prospectus net expense ratio0.99%N/A
Prospectus gross expense ratio0.99%N/A
Max 12b1 fee0.25%N/A
Max front end sales load4.50%3.88%
Max deferred sales loadN/A1.28%
3-yr expense projection751N/A
5-yr expense projection972N/A
10-yr expense projection1,608N/A