MHCAX: MainStay MacKay High Yield Corporate Bond Fund - MutualFunds.com

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

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing.

Enhance retirement outcomes with helpful tactics.

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

Compare MHCAX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.93

0.00%

$27.58 B

4.78%

$0.28

-0.50%

-

$7.69

+0.39%

$25.49 B

5.29%

$0.41

-1.03%

-

$86.31

+0.30%

$23.82 B

4.90%

$4.22

-1.90%

-

$5.45

+0.37%

$20.11 B

5.82%

$0.32

-2.33%

-

$9.97

+0.30%

$16.76 B

5.72%

$0.57

-1.09%

-

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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MainStay MacKay 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 (%)
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

  1. Sprint Capital Corporation 6.88% 1.10%
  2. TransDigm, Inc. 6.25% 0.74%
  3. Genon 0.65%
  4. Genon 0.65%
  5. Genon 0.65%
  6. Genon 0.65%
  7. Genon 0.65%
  8. Genon 0.65%
  9. Genon 0.65%
  10. 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

View More +

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