MainStay MacKay High Yield Corp Bd A
- MHCAX
- Price as of: Nov 24, 2020
-
$5.55
N/A N/A
- Primary Theme
- High Yield Bond
- Fund Company
- New York Life Investments
- Share Class
MHCAX - Snapshot
Vitals
- YTD Return -2.1%
- 3 Yr Annualized Return 3.7%
- 5 Yr Annualized Return 5.5%
- Net Assets $11.9 B
- Holdings in Top 10 6.4%
52 WEEK LOW AND HIGH
$5.55
$4.58
$5.70
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.99%
SALES FEES
- Front Load 4.50%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 30.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $15,000
- IRA N/A
Fund Classification
-
Primary Theme
High Yield Bond
- Fund Type Open End Mutual Fund
- Investment Style High Yield Bond
MHCAX - Profile
Distributions
- YTD Total Return -2.1%
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return 4.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.21%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMainStay MacKay High Yield Corporate Bond Fund
-
Fund Family NameMainStay
-
Inception DateJan 03, 1995
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAndrew Susser
MHCAX - Performance
Return Ranking - Trailing
| Period | MHCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.1% | -48.4% | 390.9% | 63.69% |
| 1 Yr | 2.3% | -54.3% | 9.9% | 41.55% |
| 3 Yr | 3.7%* | -21.8% | 8.3% | 25.51% |
| 5 Yr | 5.5%* | -0.9% | 9.0% | 22.26% |
| 10 Yr | 5.6%* | 0.7% | 9.2% | 25.56% |
* Annualized
Return Ranking - Calendar
| Period | MHCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 6.6% | -10.3% | 226.1% | 67.58% |
| 2018 | -7.3% | -18.4% | -0.2% | 26.64% |
| 2017 | 0.2% | -9.5% | 18.8% | 81.67% |
| 2016 | 8.3% | -9.1% | 28.6% | 28.65% |
| 2015 | -7.7% | -34.3% | 3.5% | 32.37% |
Total Return Ranking - Trailing
| Period | MHCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.1% | -48.4% | 390.9% | 63.69% |
| 1 Yr | -2.3% | -54.3% | 9.9% | 86.67% |
| 3 Yr | 2.1%* | -21.8% | 8.3% | 70.14% |
| 5 Yr | 4.6%* | -1.1% | 9.0% | 55.95% |
| 10 Yr | 5.2%* | 0.7% | 9.2% | 49.70% |
* Annualized
Total Return Ranking - Calendar
| Period | MHCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 7.6% | -8.1% | 23.9% | 55.62% |
| 2018 | -1.9% | -18.4% | 1.3% | 6.39% |
| 2017 | 6.5% | -8.5% | 18.8% | 11.67% |
| 2016 | 15.5% | -9.1% | 39.0% | 4.63% |
| 2015 | -1.7% | -32.4% | 3.5% | 8.48% |
NAV & Total Return History
MHCAX - Holdings
Concentration Analysis
| MHCAX | Category Low | Category High | MHCAX % Rank | |
|---|---|---|---|---|
| Net Assets | 11.9 B | 3.33 M | 27.6 B | 4.77% |
| Number of Holdings | 705 | 1 | 2239 | 13.30% |
| Net Assets in Top 10 | 764 M | -492 M | 2.87 B | 9.91% |
| Weighting of Top 10 | 6.41% | 3.4% | 100.0% | 91.59% |
Top 10 Holdings
- Sprint Capital Corporation 6.88% 1.10%
- TransDigm, Inc. 6.25% 0.74%
- Genon 0.65%
- Genon 0.65%
- Genon 0.65%
- Genon 0.65%
- Genon 0.65%
- Genon 0.65%
- Genon 0.65%
- Genon 0.65%
Asset Allocation
| Weighting | Return Low | Return High | MHCAX % Rank | |
|---|---|---|---|---|
| Bonds | 93.00% | 0.00% | 141.18% | 67.71% |
| Cash | 4.54% | -48.94% | 100.00% | 26.05% |
| Convertible Bonds | 1.04% | 0.00% | 19.96% | 40.16% |
| Stocks | 0.87% | -28.46% | 28.23% | 22.12% |
| Other | 0.55% | -2.78% | 58.14% | 8.96% |
| Preferred Stocks | 0.00% | 0.00% | 7.97% | 59.43% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MHCAX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 99.51% | 36.05% |
| Technology | 0.00% | 0.00% | 46.47% | 28.91% |
| Real Estate | 0.00% | 0.00% | 100.00% | 15.99% |
| Industrials | 0.00% | 0.00% | 100.00% | 21.77% |
| Healthcare | 0.00% | 0.00% | 100.00% | 44.22% |
| Financial Services | 0.00% | 0.00% | 100.00% | 28.23% |
| Energy | 0.00% | 0.00% | 100.00% | 13.61% |
| Communication Services | 0.00% | 0.00% | 100.00% | 53.40% |
| Consumer Defense | 0.00% | 0.00% | 52.26% | 12.59% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 34.35% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 12.59% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MHCAX % Rank | |
|---|---|---|---|---|
| US | 0.87% | -28.07% | 19.67% | 21.03% |
| Non US | 0.00% | -0.39% | 13.32% | 48.03% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MHCAX % Rank | |
|---|---|---|---|---|
| Corporate | 95.38% | 0.00% | 100.00% | 52.17% |
| Cash & Equivalents | 4.62% | 0.00% | 100.00% | 29.35% |
| Derivative | 0.00% | 0.00% | 51.02% | 45.24% |
| Securitized | 0.00% | 0.00% | 95.38% | 61.28% |
| Municipal | 0.00% | 0.00% | 16.25% | 36.28% |
| Government | 0.00% | 0.00% | 74.11% | 58.56% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MHCAX % Rank | |
|---|---|---|---|---|
| US | 82.74% | 0.00% | 127.79% | 38.13% |
| Non US | 10.26% | -27.40% | 96.73% | 77.75% |
MHCAX - Expenses
Operational Fees
| MHCAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.99% | 0.04% | 20.17% | 53.19% |
| Management Fee | 0.55% | 0.00% | 1.84% | 46.11% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 32.00% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| MHCAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.50% | 2.00% | 5.75% | 18.25% |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| MHCAX 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.
| MHCAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 30.00% | 1.00% | 349.00% | 10.11% |
MHCAX - Distributions
Dividend Yield Analysis
| MHCAX | Category Low | Category High | MHCAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.32% | 40.81% |
Dividend Distribution Analysis
| MHCAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| MHCAX | Category Low | Category High | MHCAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.21% | -0.81% | 10.03% | 48.62% |
Capital Gain Distribution Analysis
| MHCAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.026 |
| Feb 28, 2019 | $0.026 |
| Jan 31, 2019 | $0.026 |
| Dec 20, 2018 | $0.026 |
| Nov 30, 2018 | $0.026 |
| Oct 31, 2018 | $0.026 |
| Sep 28, 2018 | $0.026 |
| Aug 31, 2018 | $0.026 |
| Jul 31, 2018 | $0.026 |
| Jun 29, 2018 | $0.026 |
| May 31, 2018 | $0.026 |
| Apr 30, 2018 | $0.026 |
| Mar 29, 2018 | $0.026 |
| Feb 28, 2018 | $0.026 |
| Jan 31, 2018 | $0.026 |
| Dec 21, 2017 | $0.030 |
| Nov 30, 2017 | $0.030 |
| Oct 31, 2017 | $0.030 |
| Sep 29, 2017 | $0.030 |
| Aug 31, 2017 | $0.030 |
| Jul 31, 2017 | $0.030 |
| Jun 30, 2017 | $0.030 |
| May 31, 2017 | $0.030 |
| Apr 28, 2017 | $0.030 |
| Mar 31, 2017 | $0.030 |
| Feb 28, 2017 | $0.030 |
| Jan 31, 2017 | $0.030 |
| Dec 15, 2016 | $0.030 |
| Nov 30, 2016 | $0.030 |
| Oct 31, 2016 | $0.030 |
| Sep 30, 2016 | $0.030 |
| Aug 31, 2016 | $0.030 |
| Jul 29, 2016 | $0.030 |
| Jun 30, 2016 | $0.030 |
| May 31, 2016 | $0.030 |
| Apr 29, 2016 | $0.030 |
| Mar 31, 2016 | $0.030 |
| Feb 29, 2016 | $0.030 |
| Jan 29, 2016 | $0.030 |
| Dec 16, 2015 | $0.030 |
| Nov 30, 2015 | $0.030 |
| Oct 30, 2015 | $0.030 |
| Sep 30, 2015 | $0.030 |
| Aug 31, 2015 | $0.030 |
| Jul 31, 2015 | $0.030 |
| Jun 30, 2015 | $0.030 |
| May 29, 2015 | $0.030 |
| Apr 30, 2015 | $0.030 |
| Mar 31, 2015 | $0.030 |
| Feb 27, 2015 | $0.030 |
| Jan 30, 2015 | $0.030 |
| Dec 16, 2014 | $0.033 |
| Nov 28, 2014 | $0.033 |
| Oct 31, 2014 | $0.033 |
| Sep 29, 2014 | $0.033 |
| Aug 29, 2014 | $0.033 |
| Jul 31, 2014 | $0.033 |
| Jun 27, 2014 | $0.033 |
| May 30, 2014 | $0.033 |
| Apr 30, 2014 | $0.033 |
| Mar 28, 2014 | $0.033 |
| Feb 28, 2014 | $0.033 |
| Jan 31, 2014 | $0.033 |
| Dec 16, 2013 | $0.035 |
| Nov 29, 2013 | $0.035 |
| Oct 31, 2013 | $0.035 |
| Sep 27, 2013 | $0.035 |
| Aug 30, 2013 | $0.035 |
| Jul 31, 2013 | $0.035 |
| Jun 27, 2013 | $0.035 |
| May 31, 2013 | $0.035 |
| Apr 30, 2013 | $0.035 |
| Mar 28, 2013 | $0.035 |
| Feb 28, 2013 | $0.035 |
| Jan 31, 2013 | $0.035 |
| Dec 03, 2012 | $0.035 |
| Nov 30, 2012 | $0.035 |
| Oct 31, 2012 | $0.035 |
| Sep 27, 2012 | $0.035 |
| Aug 31, 2012 | $0.035 |
| Jul 31, 2012 | $0.035 |
| Jun 28, 2012 | $0.035 |
| May 31, 2012 | $0.035 |
| Apr 30, 2012 | $0.035 |
| Mar 30, 2012 | $0.035 |
| Feb 29, 2012 | $0.035 |
| Jan 31, 2012 | $0.035 |
| Dec 13, 2011 | $0.035 |
| Nov 30, 2011 | $0.035 |
| Oct 31, 2011 | $0.035 |
| Sep 29, 2011 | $0.035 |
| Aug 31, 2011 | $0.035 |
| Jul 29, 2011 | $0.035 |
| Jun 29, 2011 | $0.035 |
| May 31, 2011 | $0.035 |
| Apr 29, 2011 | $0.035 |
| Mar 30, 2011 | $0.035 |
| Feb 28, 2011 | $0.035 |
| Jan 31, 2011 | $0.035 |
| Dec 20, 2010 | $0.035 |
| Nov 30, 2010 | $0.035 |
| Oct 29, 2010 | $0.035 |
| Sep 29, 2010 | $0.035 |
| Aug 31, 2010 | $0.035 |
| Jul 30, 2010 | $0.035 |
| Jun 29, 2010 | $0.035 |
| May 28, 2010 | $0.035 |
| Apr 30, 2010 | $0.035 |
| Mar 30, 2010 | $0.035 |
| Feb 26, 2010 | $0.035 |
| Jan 29, 2010 | $0.037 |
| Dec 18, 2009 | $0.037 |
| Nov 30, 2009 | $0.037 |
| Oct 30, 2009 | $0.037 |
| Sep 25, 2009 | $0.037 |
| Aug 31, 2009 | $0.037 |
| Jul 31, 2009 | $0.037 |
| Jun 26, 2009 | $0.037 |
| May 29, 2009 | $0.037 |
| Apr 30, 2009 | $0.037 |
| Mar 27, 2009 | $0.037 |
| Feb 27, 2009 | $0.037 |
| Jan 30, 2009 | $0.037 |
| Dec 18, 2008 | $0.037 |
| Nov 28, 2008 | $0.037 |
| Oct 31, 2008 | $0.037 |
| Sep 24, 2008 | $0.037 |
| Aug 29, 2008 | $0.037 |
| Jul 31, 2008 | $0.037 |
| Jun 25, 2008 | $0.037 |
| May 30, 2008 | $0.037 |
| Apr 30, 2008 | $0.037 |
| Mar 26, 2008 | $0.037 |
| Feb 29, 2008 | $0.037 |
| Jan 31, 2008 | $0.037 |
| Dec 10, 2007 | $0.037 |
| Nov 30, 2007 | $0.037 |
| Oct 31, 2007 | $0.037 |
| Sep 26, 2007 | $0.037 |
| Aug 31, 2007 | $0.037 |
| Jul 31, 2007 | $0.037 |
| Jun 27, 2007 | $0.037 |
| May 31, 2007 | $0.037 |
| Apr 30, 2007 | $0.037 |
| Mar 28, 2007 | $0.037 |
| Feb 28, 2007 | $0.037 |
| Jan 31, 2007 | $0.037 |
| Dec 22, 2006 | $0.037 |
| Nov 30, 2006 | $0.037 |
| Oct 31, 2006 | $0.039 |
| Sep 26, 2006 | $0.039 |
| Aug 31, 2006 | $0.039 |
| Jul 31, 2006 | $0.039 |
| Jun 27, 2006 | $0.039 |
| May 31, 2006 | $0.039 |
| Apr 28, 2006 | $0.039 |
| Mar 28, 2006 | $0.039 |
| Feb 28, 2006 | $0.039 |
| Jan 31, 2006 | $0.039 |
| Dec 28, 2005 | $0.039 |
| Nov 30, 2005 | $0.039 |
| Oct 31, 2005 | $0.039 |
| Sep 30, 2005 | $0.039 |
| Aug 31, 2005 | $0.039 |
| Jul 29, 2005 | $0.039 |
| Jun 30, 2005 | $0.039 |
| May 31, 2005 | $0.039 |
| Apr 29, 2005 | $0.039 |
| Mar 31, 2005 | $0.039 |
| Feb 28, 2005 | $0.039 |
| Jan 31, 2005 | $0.039 |
| Dec 14, 2004 | $0.039 |
| Nov 30, 2004 | $0.039 |
| Oct 29, 2004 | $0.039 |
| Sep 30, 2004 | $0.039 |
| Aug 31, 2004 | $0.039 |
| Jul 30, 2004 | $0.039 |
| Jun 30, 2004 | $0.039 |
| May 28, 2004 | $0.039 |
| Apr 30, 2004 | $0.039 |
| Mar 31, 2004 | $0.039 |
| Feb 27, 2004 | $0.039 |
| Jan 30, 2004 | $0.039 |
| Dec 17, 2003 | $0.039 |
| Nov 28, 2003 | $0.039 |
| Oct 31, 2003 | $0.039 |
| Aug 29, 2003 | $0.039 |
| Jul 31, 2003 | $0.039 |
| Jun 30, 2003 | $0.039 |
| May 30, 2003 | $0.043 |
| Apr 30, 2003 | $0.043 |
| Mar 31, 2003 | $0.043 |
| Feb 28, 2003 | $0.043 |
| Jan 31, 2003 | $0.043 |
| Dec 19, 2002 | $0.043 |
| Nov 29, 2002 | $0.043 |
| Oct 31, 2002 | $0.043 |
| Sep 30, 2002 | $0.043 |
| Aug 30, 2002 | $0.043 |
| Jul 31, 2002 | $0.043 |
| Jun 28, 2002 | $0.043 |
| May 31, 2002 | $0.052 |
| Apr 30, 2002 | $0.052 |
| Mar 28, 2002 | $0.052 |
| Feb 28, 2002 | $0.052 |
| Jan 31, 2002 | $0.048 |
| Dec 18, 2001 | $0.052 |
| Nov 30, 2001 | $0.052 |
| Oct 31, 2001 | $0.052 |
| Sep 28, 2001 | $0.057 |
| Aug 31, 2001 | $0.057 |
| Jul 31, 2001 | $0.057 |
| Jun 29, 2001 | $0.061 |
| May 31, 2001 | $0.061 |
| Apr 30, 2001 | $0.061 |
| Mar 30, 2001 | $0.061 |
| Feb 28, 2001 | $0.061 |
| Jan 31, 2001 | $0.061 |
| Nov 30, 2000 | $0.061 |
| Oct 31, 2000 | $0.061 |
| Sep 29, 2000 | $0.061 |
| Aug 31, 2000 | $0.061 |
| Jul 31, 2000 | $0.061 |
| Jun 30, 2000 | $0.061 |
| May 31, 2000 | $0.061 |
| Apr 28, 2000 | $0.061 |
| Mar 31, 2000 | $0.058 |
| Feb 29, 2000 | $0.058 |
| Jan 31, 2000 | $0.058 |
| Nov 30, 1999 | $0.058 |
| Oct 29, 1999 | $0.058 |
| Sep 30, 1999 | $0.058 |
| Aug 31, 1999 | $0.058 |
| Jul 30, 1999 | $0.058 |
| Jun 30, 1999 | $0.058 |
| May 28, 1999 | $0.058 |
| Apr 30, 1999 | $0.058 |
| Mar 31, 1999 | $0.058 |
| Feb 26, 1999 | $0.058 |
| Jan 29, 1999 | $0.058 |
| Nov 30, 1998 | $0.058 |
| Oct 30, 1998 | $0.058 |
| Sep 30, 1998 | $0.058 |
| Aug 31, 1998 | $0.058 |
| Jul 31, 1998 | $0.058 |
| Jun 30, 1998 | $0.058 |
| May 29, 1998 | $0.058 |
| Apr 30, 1998 | $0.058 |
| Mar 31, 1998 | $0.058 |
| Feb 27, 1998 | $0.058 |
| Jan 30, 1998 | $0.058 |
| Dec 19, 1997 | $0.080 |
| Nov 28, 1997 | $0.060 |
| Oct 31, 1997 | $0.060 |
| Sep 30, 1997 | $0.060 |
| Aug 29, 1997 | $0.060 |
| May 31, 1995 | $0.060 |
| Apr 28, 1995 | $0.060 |
| Mar 31, 1995 | $0.060 |
| Feb 28, 1995 | $0.060 |
| Jan 31, 1995 | $0.060 |
MHCAX - Fund Manager Analysis
Managers
Andrew Susser
Start Date
Tenure
Tenure Rank
Feb 28, 2013
7.68
7.7%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.21 | 6.49 | 1.34 |