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MHCAX MainStay High Yield Corporate Bond A

  • Fund
  • MHCAX
  • Price as of: Dec 09, 2016
  • $5.75
  • + $0.01
  • + 0.17%
  • Category
  • Corporate Bonds

MHCAX - Profile

Vitals

  • YTD Return 8.5%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 6.8%
  • Net Assets $10 B
  • Holdings in Top 10 7.7%

52 WEEK LOW AND HIGH

$5.75
$5.05
$5.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$25,000

IRA

$25,000

Investment Themes

CATEGORY

Corporate Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 14.9%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.45%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name MainStay High Yield Corporate Bond Fund
  • Fund Family Name MainStay
  • Inception Date Jan 03, 1995
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Andrew Susser

MHCAX - Performance

Return Ranking - Trailing

Period MHCAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.5% -70.8% 358.9% 4.56% 1
1 Yr 11.2% -3.7% 13.7% 3.83% 1
3 Yr 4.4% * -3.7% 7.4% 17.67% 1
5 Yr 6.8% * 0.9% 7.6% 5.53% 1
10 Yr 6.1% * 2.2% 8.5% 16.37% 1

* Annualized


Return Ranking - Calendar

Period MHCAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.7% -18.3% 0.0% 62.45% 5
2014 -5.1% -10.0% 12.3% 69.32% 5
2013 -1.0% -24.8% 5.0% 19.00% 2
2012 5.3% -5.4% 10.0% 39.06% 3
2011 -1.5% -7.1% 11.6% 53.01% 4

Total Return Ranking - Trailing

Period MHCAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.9% -70.8% 392.1% 2.66% 1
1 Yr 6.2% -5.7% 17.6% 16.86% 1
3 Yr 2.8% * -3.7% 7.4% 51.41% 3
5 Yr 5.8% * 0.7% 7.6% 15.21% 1
10 Yr 5.6% * 2.1% 8.1% 28.65% 2

* Annualized


Total Return Ranking - Calendar

Period MHCAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.6% -12.2% 4.0% 21.37% 2
2014 1.7% -8.0% 27.7% 47.01% 3
2013 7.8% -11.2% 9.2% 3.17% 1
2012 18.7% -5.4% 37.6% 2.60% 1
2011 9.3% -5.0% 57.1% 10.93% 1

NAV & Total Return History

MHCAX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

MHCAX Category Low Category High MHCAX % Rank Quintile
Net Assets 10 B 6.83 M 27.5 B 2.66% 1
Number of Holdings 513 4 2199 6.08% 2
Net Assets in Top 10 756 M 1.77 M 10 B 2.66% 1
Weighting of Top 10 7.7% 3.1% 1218.2% 34.98% 5

Top 10 Holdings

  1. Virgin Media Secd Fin 5.25% 0.96%
  2. Carlson Wagonlit Bv 144A 6.875% 0.81%
  3. Nielsen Fin Llc/ Nielsen Fin 144A 5% 0.79%
  4. Micron Tech 144A 7.5% 0.73%
  5. Carlson Travel Hldgs 144A 7.5% 0.72%
  6. Detour Gold Corporation Cv 5.5% 0.68%
  7. Smurfit Cap Fdg 7.5% 0.67%
  8. Crown Castle Intl 5.25% 1.14%
  9. Wise Metals Grp Llc / Wise 144A 8.75% 0.67%
  10. Tailored Brands 7% 0.74%

Asset Allocation

Weighting Category Low Category High MHCAX % Rank Quintile
Bonds
92.93% 44.25% 1305.22% 20.15% 3
Cash
4.03% -1208.64% 54.96% 16.73% 3
Convertible Bonds
1.82% 0.00% 29.21% 3.80% 1
Other
0.94% -26.34% 26.68% 9.89% 2
Stocks
0.28% -4.31% 19.19% 7.22% 1
Preferred Stocks
0.00% 0.00% 34.98% 19.01% 4

Stock Sector Breakdown

Weighting Category Low Category High MHCAX % Rank Quintile
Basic Materials
0.11% 0.00% 2.15% 4.19% 1
Consumer Cyclical
0.09% -0.63% 12.34% 5.39% 1
Industrials
0.07% -0.17% 2.07% 5.39% 1
Energy
0.01% 0.00% 1.32% 5.39% 2
Financial Services
0.00% 0.00% 10.86% 12.57% 3
Healthcare
0.00% -1.48% 2.21% 7.19% 2
Real Estate
0.00% 0.00% 4.88% 6.59% 2
Communication Services
0.00% -3.07% 1.27% 6.59% 3
Consumer Defense
0.00% 0.00% 1.94% 5.39% 2
Technology
0.00% -2.05% 3.01% 5.39% 2
Utilities
0.00% 0.00% 5.62% 7.19% 3

Stock Geographic Breakdown

Weighting Category Low Category High MHCAX % Rank Quintile
US
0.28% -4.31% 16.80% 6.08% 1
Non US
0.00% -0.03% 2.65% 4.18% 3

Bond Sector Breakdown

Weighting Category Low Category High MHCAX % Rank Quintile
Corporate
92.20% 4.19% 101.76% 8.37% 2
Cash & Equivalents
5.51% -1208.64% 54.96% 11.79% 2
Government
0.94% -13.09% 1220.46% 26.62% 4
Securitized
0.36% 0.00% 111.07% 27.76% 4
Municipal
0.00% 0.00% 23.87% 15.97% 4
Derivative
0.00% -2.75% 19.09% 3.04% 2

Bond Geographic Breakdown

Weighting Category Low Category High MHCAX % Rank Quintile
US
77.15% 0.00% 1089.35% 18.63% 3
Non US
15.78% -40.06% 215.87% 19.01% 3

MHCAX - Expenses

Operational Fees

MHCAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.96% 0.00% 4.40% 28.90% 3
Management Fee 0.55% 0.00% 1.70% 4.18% 4
12b-1 Fee 0.25% 0.00% 1.00% 7.47% 2
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

MHCAX Fees (% of AUM) Category Low Category High MHCAX Rank Quintile
Front Load 4.50% 0.00% 5.75% 8.51% 4
Deferred Load N/A 0.00% 5.50% N/A N/A

Trading Fees

MHCAX Fees (% of AUM) Category Low Category High MHCAX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MHCAX Fees (% of AUM) Category Low Category High MHCAX Rank Quintile
Turnover 38.00% 0.00% 1789.00% 24.33% 2

MHCAX - Distributions

Dividend Yield Analysis

MHCAX Category Low Category High MHCAX % Rank Quintile
Dividend Yield 0.4% 0.05% 2.25% 26.98% 2

Dividend Distribution Analysis

MHCAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MHCAX Category Low Category High MHCAX % Rank Quintile
Net Income Ratio 5.45% 0.08% 5.89% 2.28% 1

Capital Gain Distribution Analysis

MHCAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

MHCAX - Managers

Andrew Susser

Manager

Start Date

Feb 28, 2013

Tenure

3.76

Tenure Rank

12.3%

Andrew Susser is a Senior Managing Director and Head of High Yield, responsible for the group's implementation of its investment process. Prior to joining MacKay Shields in 2006, he was a portfolio manager with GoldenTree 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.


Tenure Analysis

Category Low

0.1

Category High

24.8

Category Average

5.39

Category Mode

1.9