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Trending ETFs

MainStay MacKay Convertible Fund

mutual fund
MCCVX
Dividend policy
Suspended
Price as of:
$23.59 -0.25 0%
primary theme
Convertible Bond
MCCVX (Mutual Fund)

MainStay MacKay Convertible Fund

Dividend policy
Suspended
Price as of:
$23.59 -0.25 0%
primary theme
Convertible Bond
MCCVX (Mutual Fund)
MainStay MacKay Convertible Fund
Dividend policy
Suspended
Price as of:
$23.59 -0.25 0%
primary theme
Convertible Bond

MCCVX - Snapshot

Vitals

  • YTD Return 3.6%
  • 3 Yr Annualized Return 16.2%
  • 5 Yr Annualized Return 14.5%
  • Net Assets $1.88 B
  • Holdings in Top 10 22.9%

52 WEEK LOW AND HIGH

$23.84
$16.85
$24.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.91%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme Convertible Bond
  • Fund Type Open End Mutual Fund
  • Investment Style Convertibles

Compare MCCVX to Popular Convertible Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$29.27

-0.91%

$5.10 B

0.98%

$0.29

blocked
blocked
blocked

3.43%

0.83%

$43.99

-1.17%

$2.91 B

0.79%

$0.35

blocked
blocked
blocked

1.90%

0.71%

$30.95

-1.09%

$2.62 B

1.24%

$0.39

blocked
blocked
blocked

3.03%

1.17%

$41.90

-1.13%

$2.21 B

2.69%

$1.14

blocked
blocked
blocked

4.80%

0.63%

$19.31

-1.13%

$1.76 B

0.78%

$0.15

blocked
blocked
blocked

0.99%

0.86%

Compare MCCVX to Popular Convertible Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$83.98

-1.11%

$6.59 B

2.25%

$1.91

blocked
blocked
blocked

2.60%

0.40%

$50.61

-1.22%

$281.92 M

0.94%

$0.48

blocked
blocked
blocked

4.76%

0.95%

MCCVX - Profile

Distributions

  • YTD Total Return 3.6%
  • 3 Yr Annualized Total Return 16.2%
  • 5 Yr Annualized Total Return 14.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.61%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    MainStay MacKay Convertible Fund
  • Fund Family Name
    New York Life Investment Management LLC
  • Inception Date
    Sep 01, 1998
  • Shares Outstanding
    2385972
  • Share Class
    C
  • 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.


MCCVX - Performance

Return Ranking - Trailing

Period MCCVX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -1.6% 7.7% 18.82%
1 Yr 59.9% 34.8% 86.7% 70.93%
3 Yr 16.2%* 5.7% 25.8% 69.88%
5 Yr 14.5%* 7.9% 22.0% 73.17%
10 Yr 9.2%* 5.7% 12.9% 83.33%

* Annualized

Return Ranking - Calendar

Period MCCVX Return Category Return Low Category Return High Rank in Category (%)
2020 25.3% -4.1% 54.0% 72.84%
2019 18.6% 4.5% 24.4% 30.86%
2018 -8.4% -15.4% -2.5% 41.03%
2017 3.1% -7.8% 15.4% 78.95%
2016 7.8% 0.4% 14.2% 31.08%

Total Return Ranking - Trailing

Period MCCVX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -1.6% 7.7% 16.47%
1 Yr 58.9% 30.7% 86.7% 63.95%
3 Yr 16.2%* 5.7% 25.8% 67.47%
5 Yr 14.5%* 7.7% 22.0% 69.51%
10 Yr 9.2%* 5.7% 12.9% 81.94%

* Annualized

Total Return Ranking - Calendar

Period MCCVX Return Category Return Low Category Return High Rank in Category (%)
2020 25.3% -4.1% 54.0% 72.84%
2019 18.6% 4.5% 24.4% 30.86%
2018 -3.4% -15.4% 4.5% 35.90%
2017 9.8% 1.8% 18.4% 72.37%
2016 10.4% 0.4% 16.5% 28.38%

NAV & Total Return History


MCCVX - Holdings

Concentration Analysis

MCCVX Category Low Category High MCCVX % Rank
Net Assets 1.88 B 15.6 M 6.59 B 28.74%
Number of Holdings 134 42 367 50.57%
Net Assets in Top 10 450 M -17.5 M 1.03 B 14.94%
Weighting of Top 10 22.93% 9.4% 83.2% 26.44%

Top 10 Holdings

  1. Danaher Corp 4.12%
  2. Danaher Corporation 0% 3.83%
  3. Tesla Inc 1.25% 3.28%
  4. Inphi Corp 0.75% 2.84%
  5. Danaher Corp PRF CONVERT 15/04/2022 USD - Ser A 2.71%
  6. MainStay US Government Liquidity I 2.70%
  7. Anthem Inc 2.75% 2.54%
  8. Southwest Airlines Co. 1.25% 2.37%
  9. Nice Limited 0% 2.24%
  10. Chart Industries Inc 1% 2.15%

Asset Allocation

Weighting Return Low Return High MCCVX % Rank
Convertible Bonds
88.39% 3.48% 116.38% 21.84%
Preferred Stocks
6.22% 0.00% 18.99% 79.31%
Cash
2.27% 0.00% 9.92% 45.98%
Stocks
2.16% 0.00% 30.60% 81.61%
Other
0.86% -16.33% 7.56% 3.45%
Bonds
0.10% -27.01% 51.48% 31.03%

Stock Sector Breakdown

Weighting Return Low Return High MCCVX % Rank
Industrials
46.55% 0.00% 61.32% 2.53%
Financial Services
32.67% 0.00% 96.48% 2.53%
Healthcare
13.24% 0.00% 29.83% 17.72%
Energy
7.54% 0.00% 80.75% 18.99%
Utilities
0.00% 0.00% 100.00% 92.41%
Technology
0.00% 0.00% 23.82% 45.57%
Real Estate
0.00% 0.00% 22.98% 7.59%
Communication Services
0.00% 0.00% 15.03% 15.19%
Consumer Defense
0.00% 0.00% 7.14% 12.66%
Consumer Cyclical
0.00% 0.00% 100.00% 16.46%
Basic Materials
0.00% 0.00% 16.21% 20.25%

Stock Geographic Breakdown

Weighting Return Low Return High MCCVX % Rank
US
2.16% 0.00% 30.38% 81.61%
Non US
0.00% 0.00% 2.74% 25.29%

Bond Sector Breakdown

Weighting Return Low Return High MCCVX % Rank
Corporate
97.16% 62.83% 100.00% 68.97%
Cash & Equivalents
2.84% 0.00% 9.94% 27.59%
Derivative
0.00% 0.00% 18.05% 10.34%
Securitized
0.00% 0.00% 5.68% 3.45%
Municipal
0.00% 0.00% 0.00% 2.30%
Government
0.00% 0.00% 6.09% 12.64%

Bond Geographic Breakdown

Weighting Return Low Return High MCCVX % Rank
US
0.10% -32.04% 48.11% 22.99%
Non US
0.00% 0.00% 13.00% 28.74%

MCCVX - Expenses

Operational Fees

MCCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.91% 0.07% 3.98% 11.76%
Management Fee 0.56% 0.20% 1.33% 23.26%
12b-1 Fee 1.00% 0.00% 1.00% 75.47%
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

MCCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 21.43%

Trading Fees

MCCVX 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.

MCCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 32.46% 242.00% 15.12%

MCCVX - Distributions

Dividend Yield Analysis

MCCVX Category Low Category High MCCVX % Rank
Dividend Yield 0.00% 0.00% 0.79% 11.49%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MCCVX Category Low Category High MCCVX % Rank
Net Income Ratio -0.61% -14.00% 9.48% 96.47%

Capital Gain Distribution Analysis

MCCVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

MCCVX - Fund Manager Analysis

Managers

Edward Silverstein


Start Date

Tenure

Tenure Rank

May 01, 2001

19.93

19.9%

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
0.08 35.8 9.78 6.25