MainStay MacKay High Yield Corp Bd A
- MHCAX
- Price as of: May 14, 2021
-
$5.65
N/A N/A
- Primary Theme
- High Yield Bond
- Fund Company
- New York Life Investments
- Share Class
MHCAX - Snapshot
Vitals
- YTD Return 0.7%
- 3 Yr Annualized Return 5.9%
- 5 Yr Annualized Return 6.6%
- Net Assets $12 B
- Holdings in Top 10 6.6%
52 WEEK LOW AND HIGH
$5.65
$5.19
$5.67
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.97%
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) $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 0.7%
- 3 Yr Annualized Total Return 4.3%
- 5 Yr Annualized Total Return 5.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.35%
- 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 Outstanding708594502
-
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 | 0.7% | -20.3% | 12.3% | 39.86% |
| 1 Yr | 17.4% | 0.0% | 54.9% | 65.44% |
| 3 Yr | 5.9%* | -12.0% | 10.5% | 48.43% |
| 5 Yr | 6.6%* | -5.5% | 11.2% | 41.63% |
| 10 Yr | 5.9%* | 1.3% | 9.5% | 27.29% |
* Annualized
Return Ranking - Calendar
| Period | MHCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -1.1% | -46.8% | 399.1% | 65.17% |
| 2019 | 6.6% | -10.3% | 226.1% | 67.83% |
| 2018 | -7.3% | -18.4% | -0.4% | 26.80% |
| 2017 | 0.2% | -9.5% | 18.8% | 82.08% |
| 2016 | 8.3% | -9.1% | 28.6% | 28.67% |
Total Return Ranking - Trailing
| Period | MHCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.7% | -20.2% | 12.3% | 40.00% |
| 1 Yr | 12.1% | 0.0% | 54.9% | 90.18% |
| 3 Yr | 4.3%* | -12.0% | 10.5% | 81.66% |
| 5 Yr | 5.6%* | -5.5% | 11.2% | 71.79% |
| 10 Yr | 5.4%* | 1.3% | 9.5% | 49.40% |
* Annualized
Total Return Ranking - Calendar
| Period | MHCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -1.1% | -46.8% | 399.1% | 65.17% |
| 2019 | 7.6% | -3.8% | 23.9% | 56.23% |
| 2018 | -1.9% | -18.4% | 1.3% | 5.97% |
| 2017 | 6.5% | -8.5% | 18.8% | 12.23% |
| 2016 | 15.5% | -9.1% | 39.0% | 4.48% |
NAV & Total Return History
MHCAX - Holdings
Concentration Analysis
| MHCAX | Category Low | Category High | MHCAX % Rank | |
|---|---|---|---|---|
| Net Assets | 12 B | 3.67 M | 29 B | 5.95% |
| Number of Holdings | 713 | 3 | 2297 | 17.36% |
| Net Assets in Top 10 | 820 M | -564 M | 3.93 B | 10.77% |
| Weighting of Top 10 | 6.61% | 2.6% | 100.0% | 89.77% |
Top 10 Holdings
- Sprint Capital Corporation 6.88% 1.06%
- Meredith Corp 6.88% 0.72%
- TransDigm, Inc. 6.25% 0.69%
- FS ENERGY & POWER FUND 7.5% 0.67%
- 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 | 90.11% | 3.38% | 146.82% | 78.20% |
| Cash | 5.27% | -40.59% | 61.87% | 24.23% |
| Convertible Bonds | 2.70% | 0.00% | 21.16% | 25.17% |
| Stocks | 1.46% | -10.91% | 32.07% | 22.48% |
| Other | 0.45% | -49.68% | 30.15% | 11.57% |
| Preferred Stocks | 0.00% | 0.00% | 22.05% | 71.06% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MHCAX % Rank | |
|---|---|---|---|---|
| Energy | 48.91% | 0.00% | 100.00% | 42.86% |
| Industrials | 31.66% | 0.00% | 100.00% | 7.54% |
| Basic Materials | 15.40% | 0.00% | 100.00% | 13.49% |
| Financial Services | 1.13% | 0.00% | 100.00% | 22.82% |
| Healthcare | 0.97% | 0.00% | 63.64% | 22.42% |
| Consumer Defense | 0.56% | 0.00% | 100.00% | 16.27% |
| Technology | 0.39% | 0.00% | 49.46% | 19.25% |
| Communication Services | 0.35% | 0.00% | 100.00% | 37.30% |
| Utilities | 0.29% | 0.00% | 100.00% | 23.41% |
| Consumer Cyclical | 0.21% | 0.00% | 100.00% | 34.52% |
| Real Estate | 0.15% | 0.00% | 100.00% | 13.69% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MHCAX % Rank | |
|---|---|---|---|---|
| US | 1.36% | -13.16% | 27.67% | 23.42% |
| Non US | 0.10% | 0.00% | 15.55% | 23.15% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MHCAX % Rank | |
|---|---|---|---|---|
| Corporate | 94.17% | 0.00% | 100.00% | 55.12% |
| Cash & Equivalents | 5.38% | 0.00% | 87.53% | 27.09% |
| Derivative | 0.45% | 0.00% | 42.49% | 15.50% |
| Securitized | 0.00% | 0.00% | 91.38% | 73.99% |
| Municipal | 0.00% | 0.00% | 14.61% | 50.40% |
| Government | 0.00% | 0.00% | 42.65% | 67.79% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MHCAX % Rank | |
|---|---|---|---|---|
| US | 79.97% | 0.15% | 121.16% | 53.97% |
| Non US | 10.14% | -25.82% | 97.17% | 72.95% |
MHCAX - Expenses
Operational Fees
| MHCAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.97% | 0.03% | 20.43% | 54.82% |
| Management Fee | 0.54% | 0.00% | 1.84% | 42.14% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 36.19% |
| 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% | 24.58% |
| 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 | 38.00% | 0.00% | 349.00% | 15.99% |
MHCAX - Distributions
Dividend Yield Analysis
| MHCAX | Category Low | Category High | MHCAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.02% | 51.75% |
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 | 5.35% | -2.17% | 10.53% | 33.61% |
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
8.17
8.2%
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 |
|---|---|---|---|
| 0.08 | 36.71 | 6.65 | 1.83 |