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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.19

$10.9 B

7.11%

$0.37

0.96%

Vitals

YTD Return

1.7%

1 yr return

10.8%

3 Yr Avg Return

13.6%

5 Yr Avg Return

10.6%

Net Assets

$10.9 B

Holdings in Top 10

7.4%

52 WEEK LOW AND HIGH

$5.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 40.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$15,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.19

$10.9 B

7.11%

$0.37

0.96%

MHCAX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 13.6%
  • 5 Yr Annualized Total Return 10.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.38%
DIVIDENDS
  • Dividend Yield 7.1%
  • 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
    639220622
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Susser

MHCAX - Performance

Return Ranking - Trailing

Period MHCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -4.9% 8.2% 46.33%
1 Yr 10.8% -4.3% 26.0% 71.36%
3 Yr 13.6%* -15.6% 20.6% 0.49%
5 Yr 10.6%* -11.2% 37.3% 1.55%
10 Yr 7.5%* -4.7% 19.5% 2.12%

* Annualized

Return Ranking - Calendar

Period MHCAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.1% -4.7% 14.3% 55.59%
2022 -12.6% -33.4% 3.6% 15.99%
2021 0.0% -8.4% 14.9% 47.63%
2020 -1.1% -13.9% 302.7% 65.71%
2019 6.6% -4.4% 13.3% 71.55%

Total Return Ranking - Trailing

Period MHCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -4.9% 8.2% 46.33%
1 Yr 10.8% -4.3% 26.0% 71.36%
3 Yr 13.6%* -15.6% 20.6% 0.49%
5 Yr 10.6%* -11.2% 37.3% 1.55%
10 Yr 7.5%* -4.7% 19.5% 2.12%

* Annualized

Total Return Ranking - Calendar

Period MHCAX Return Category Return Low Category Return High Rank in Category (%)
2023 11.3% -4.7% 18.7% 69.25%
2022 24.2% -33.4% 47.8% 0.47%
2021 5.1% -8.4% 24.8% 47.31%
2020 5.4% -9.6% 325.6% 51.43%
2019 12.8% -3.8% 21.5% 65.69%

NAV & Total Return History


MHCAX - Holdings

Concentration Analysis

MHCAX Category Low Category High MHCAX % Rank
Net Assets 10.9 B 1.85 M 22.6 B 6.14%
Number of Holdings 575 2 2736 24.85%
Net Assets in Top 10 773 M -492 M 4.45 B 9.88%
Weighting of Top 10 7.39% 4.2% 149.6% 92.44%

Top 10 Holdings

  1. Sprint Capital Corp. 1.08%
  2. Great Outdoors Group LLC, Term Loan B2 0.92%
  3. NMG Holding Co., Inc. 0.86%
  4. Talos Production, Inc. 0.80%
  5. TransDigm, Inc. 0.80%
  6. Gulfport Energy Corp. 0.79%
  7. Clarivate Science Holdings Corp. 0.59%
  8. Connect Finco SARL 0.53%
  9. LCPR Senior Secured Financing DAC 0.52%
  10. Mineral Resources Ltd. 0.52%

Asset Allocation

Weighting Return Low Return High MHCAX % Rank
Bonds
93.68% -3.13% 154.38% 62.67%
Cash
3.97% -52.00% 49.49% 48.15%
Convertible Bonds
2.60% 0.00% 17.89% 12.81%
Stocks
1.59% 0.00% 99.61% 30.11%
Preferred Stocks
0.32% 0.00% 8.06% 23.92%
Other
0.00% -63.70% 102.57% 40.12%

Stock Sector Breakdown

Weighting Return Low Return High MHCAX % Rank
Energy
74.67% 0.00% 100.00% 27.09%
Industrials
14.46% 0.00% 93.12% 4.75%
Basic Materials
10.87% 0.00% 100.00% 14.80%
Utilities
0.00% 0.00% 100.00% 31.01%
Technology
0.00% 0.00% 33.17% 30.45%
Real Estate
0.00% 0.00% 86.71% 20.95%
Healthcare
0.00% 0.00% 22.17% 18.99%
Financial Services
0.00% 0.00% 100.00% 28.77%
Communication Services
0.00% 0.00% 99.99% 53.63%
Consumer Defense
0.00% 0.00% 100.00% 21.79%
Consumer Cyclical
0.00% 0.00% 100.00% 42.46%

Stock Geographic Breakdown

Weighting Return Low Return High MHCAX % Rank
US
1.59% 0.00% 99.61% 30.25%
Non US
0.00% -0.01% 0.83% 18.83%

Bond Sector Breakdown

Weighting Return Low Return High MHCAX % Rank
Corporate
93.58% 0.00% 129.69% 60.43%
Derivative
0.00% -15.04% 42.26% 27.31%
Cash & Equivalents
0.00% 0.00% 49.49% 89.66%
Securitized
0.00% 0.00% 97.24% 47.60%
Municipal
0.00% 0.00% 4.66% 10.36%
Government
0.00% 0.00% 99.07% 35.55%

Bond Geographic Breakdown

Weighting Return Low Return High MHCAX % Rank
US
93.68% -3.13% 129.21% 48.15%
Non US
0.00% 0.00% 97.33% 42.75%

MHCAX - Expenses

Operational Fees

MHCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.04% 31.61% 52.78%
Management Fee 0.54% 0.00% 1.84% 40.92%
12b-1 Fee 0.25% 0.00% 1.00% 19.06%
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% 2.25% 5.75% 13.00%
Deferred Load N/A 1.00% 5.00% 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 40.00% 1.00% 255.00% 16.64%

MHCAX - Distributions

Dividend Yield Analysis

MHCAX Category Low Category High MHCAX % Rank
Dividend Yield 7.11% 0.00% 35.52% 59.97%

Dividend Distribution Analysis

MHCAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

MHCAX Category Low Category High MHCAX % Rank
Net Income Ratio 4.38% -2.39% 14.30% 51.96%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MHCAX - Fund Manager Analysis

Managers

Andrew Susser


Start Date

Tenure

Tenure Rank

Feb 28, 2013

9.26

9.3%

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
0.13 37.79 7.12 8.17