MCINX: MainStay MacKay Convertible Investor

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

MCINX MainStay MacKay Convertible Investor


Profile

MCINX - Profile

Vitals

  • YTD Return -13.4%
  • 3 Yr Annualized Return -2.2%
  • 5 Yr Annualized Return -1.4%
  • Net Assets $1.48 B
  • Holdings in Top 10 31.0%

52 WEEK LOW AND HIGH

$15.86
$14.38
$19.36

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.17%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -13.4%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.51%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    MainStay MacKay Convertible Fund
  • Fund Family Name
    MainStay
  • Inception Date
    Feb 28, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Edward Silverstein

Fund Description

The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in "convertible securities" such as bonds, debentures, corporate notes, and preferred stocks or other securities that are convertible into common stock or the cash value of a stock or a basket or index of equity securities. The balance of the fund may be invested or held in non-convertible debt, equity securities that do not pay regular dividends, U.S. government securities, and cash or cash equivalents.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

MCINX - Performance

Return Ranking - Trailing

Period MCINX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.4% -41.8% 3.5% 49.70%
1 Yr -8.7% -41.0% 15.4% 54.04%
3 Yr -2.2%* -18.3% 3.0% 35.46%
5 Yr -1.4%* -13.5% 1.5% 25.62%
10 Yr 0.9%* -8.0% 3.7% 43.84%

* Annualized

Return Ranking - Calendar

Period MCINX Return Category Return Low Category Return High Rank in Category (%)
2019 19.0% -8.6% 24.4% 16.25%
2018 -8.4% -15.4% -2.5% 25.52%
2017 3.2% -7.8% 15.4% 71.63%
2016 7.8% -5.4% 14.2% 17.52%
2015 -8.8% -26.1% 2.5% 57.85%

Total Return Ranking - Trailing

Period MCINX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.4% -41.8% 3.5% 49.70%
1 Yr -8.7% -41.0% 15.4% 54.04%
3 Yr 2.1%* -15.1% 8.8% 26.24%
5 Yr 3.4%* -13.5% 6.0% 19.01%
10 Yr 6.6%* -8.0% 7.8% 13.70%

* Annualized

Total Return Ranking - Calendar

Period MCINX Return Category Return Low Category Return High Rank in Category (%)
2019 19.0% -8.6% 24.4% 16.25%
2018 -2.8% -15.4% 4.5% 17.93%
2017 10.7% -7.1% 18.4% 40.43%
2016 11.2% -5.4% 20.1% 16.79%
2015 -1.4% -26.1% 6.2% 38.84%

NAV & Total Return History


Holdings

MCINX - Holdings

Concentration Analysis

MCINX Category Low Category High MCINX % Rank
Net Assets 1.48 B 196 K 8.93 B 27.98%
Number of Holdings 102 38 495 72.62%
Net Assets in Top 10 479 M -350 M 1.04 B 18.45%
Weighting of Top 10 30.96% 9.2% 91.8% 15.48%

Top 10 Holdings

  1. Mainstay Fds Tr 8.56%
  2. Danaher Corporation 0.01% 3.40%
  3. Nice Systems Ltd 1.25% 3.21%
  4. Anthem Inc 2.75% 2.81%
  5. Teladoc Health Inc 1.38% 2.52%
  6. Lumentum Holdings Incorporation 0.25% 2.36%
  7. Microchip Technology Incorporated 1.62% 2.27%
  8. Chart Industries Inc 1% 2.04%
  9. Biomarin Pharmaceutical Inc. 0.6% 1.98%
  10. Inphi Corp 1.12% 1.81%

Asset Allocation

Weighting Return Low Return High MCINX % Rank
Convertible Bonds
80.99% 0.00% 124.21% 14.29%
Other
8.56% 0.00% 10.63% 7.14%
Preferred Stocks
5.59% -16.01% 74.30% 83.93%
Stocks
4.72% 0.00% 50.50% 48.81%
Bonds
0.14% -32.04% 76.63% 64.88%
Cash
0.00% -7.42% 19.16% 98.81%

Stock Sector Breakdown

Weighting Return Low Return High MCINX % Rank
Industrials
61.00% 0.00% 61.00% 3.57%
Financial Services
20.07% 0.00% 100.00% 26.43%
Healthcare
18.93% 0.00% 37.88% 10.00%
Utilities
0.00% 0.00% 100.00% 92.86%
Technology
0.00% 0.00% 16.14% 87.86%
Real Estate
0.00% 0.00% 100.00% 89.29%
Energy
0.00% 0.00% 100.00% 82.86%
Communication Services
0.00% 0.00% 10.71% 82.14%
Consumer Defense
0.00% 0.00% 5.84% 80.71%
Consumer Cyclical
0.00% 0.00% 72.91% 81.43%
Basic Materials
0.00% 0.00% 29.84% 87.86%

Stock Geographic Breakdown

Weighting Return Low Return High MCINX % Rank
US
4.22% 0.00% 45.25% 48.81%
Non US
0.50% 0.00% 5.25% 32.14%

Bond Sector Breakdown

Weighting Return Low Return High MCINX % Rank
Corporate
100.00% 57.59% 100.00% 9.52%
Derivative
0.00% 0.00% 19.57% 79.17%
Cash & Equivalents
0.00% 0.00% 16.89% 100.00%
Securitized
0.00% 0.00% 0.65% 77.38%
Municipal
0.00% 0.00% 0.00% 77.38%
Government
0.00% 0.00% 20.43% 85.71%

Bond Geographic Breakdown

Weighting Return Low Return High MCINX % Rank
US
0.14% -32.04% 72.78% 61.90%
Non US
0.00% 0.00% 40.18% 89.88%

Expenses

MCINX - Expenses

Operational Fees

MCINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.41% 94.07% 61.96%
Management Fee 0.57% 0.00% 1.42% 20.36%
12b-1 Fee 0.25% 0.00% 1.00% 47.92%
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

MCINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 2.00% 5.75% 40.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MCINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

MCINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 5.00% 175.00% 21.08%

Distributions

MCINX - Distributions

Dividend Yield Analysis

MCINX Category Low Category High MCINX % Rank
Dividend Yield 0.00% 0.00% 7.28% 80.95%

Dividend Distribution Analysis

MCINX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

MCINX Category Low Category High MCINX % Rank
Net Income Ratio 0.51% -0.26% 9.22% 92.68%

Capital Gain Distribution Analysis

MCINX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MCINX - Fund Manager Analysis

Managers

Edward Silverstein


Start Date

Tenure

Tenure Rank

May 01, 2001

18.84

18.8%

Edward joined MacKay Shields as a Research Analyst in 1998 and became Portfolio Manager/Research Analyst in 1999. Prior to joining MacKay Shields, he was most recently a Portfolio Manager for three years at the Bank of New York after having been a law clerk for two years at the Bank. In addition, he was an intern at the New York Stock Exchange Enforcement Division. Edward has a BS in Accounting from the University of Vermont, a MBA from the Baruch College and a JD from Brooklyn Law School. Ed became a CFA Charterholder in 1999 and is also a member of the New York State Bar. He has been in the investment management and research industry since 1995.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.23 34.72 9.03 9.17