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Trending ETFs

MainStay MacKay High Yield Corporate Bond Fund

mutual fund
MKHCX
Dividend policy
Active
Price as of:
$5.63 +0.0 +0%
primary theme
High Yield Bond
MKHCX (Mutual Fund)

MainStay MacKay High Yield Corporate Bond Fund

Dividend policy
Active
Price as of:
$5.63 +0.0 +0%
primary theme
High Yield Bond
MKHCX (Mutual Fund)
MainStay MacKay High Yield Corporate Bond Fund
Dividend policy
Active
Price as of:
$5.63 +0.0 +0%
primary theme
High Yield Bond

MKHCX - Snapshot

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return 4.3%
  • 5 Yr Annualized Return 6.5%
  • Net Assets $12.6 B
  • Holdings in Top 10 6.4%

52 WEEK LOW AND HIGH

$5.63
$4.55
$5.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.81%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Feb 28, 2017
  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

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

Compare MKHCX to Popular High Yield Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$5.98

0.00%

$28.52 B

4.62%

$0.28

blocked
blocked
blocked

0.00%

-

$7.81

+0.13%

$27.69 B

5.10%

$0.40

blocked
blocked
blocked

0.26%

-

$5.54

+0.18%

$22.17 B

5.62%

$0.31

blocked
blocked
blocked

0.54%

-

$10.24

+0.20%

$17.91 B

5.77%

$0.59

blocked
blocked
blocked

0.99%

-

$5.63

0.00%

$12.60 B

4.69%

$0.26

blocked
blocked
blocked

0.54%

-

Compare MKHCX to Popular High Yield Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$87.52

+0.18%

$25.72 B

4.88%

$4.26

blocked
blocked
blocked

0.19%

-

$109.25

+0.25%

$12.49 B

5.11%

$5.57

blocked
blocked
blocked

0.22%

-

$50.23

+0.20%

$7.47 B

5.22%

$2.62

blocked
blocked
blocked

0.26%

-

$45.53

+0.13%

$5.75 B

5.07%

$2.30

blocked
blocked
blocked

0.29%

-

$32.44

+0.53%

$4.08 B

4.64%

$1.50

blocked
blocked
blocked

0.62%

-

MKHCX - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MainStay MacKay High Yield Corporate Bond Fund
  • Fund Family Name
    New York Life Investment Management LLC
  • Inception Date
    May 01, 1986
  • Shares Outstanding
    6770056
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew Susser

Fund Description

The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in high-yield corporate debt securities, including all types of high-yield domestic and foreign corporate debt securities that are rated below investment grade or that are unrated but are considered to be of comparable quality by the Subadvisor. It may invest up to 20% of its net assets in common stocks and other equity-related securities.


MKHCX - Performance

Return Ranking - Trailing

Period MKHCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -1.0% 4.2% 37.94%
1 Yr 4.1% -45.8% 14.9% 69.15%
3 Yr 4.3%* -15.9% 10.1% 73.60%
5 Yr 6.5%* -6.7% 12.6% 71.93%
10 Yr 5.2%* 1.3% 9.7% 75.05%

* Annualized

Return Ranking - Calendar

Period MKHCX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.9% -46.8% 399.1% 63.92%
2019 6.4% -10.3% 226.1% 71.04%
2018 -7.2% -18.4% -0.2% 23.74%
2017 0.2% -9.5% 18.8% 81.33%
2016 8.3% -9.1% 28.6% 27.81%

Total Return Ranking - Trailing

Period MKHCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -1.0% 4.2% 38.75%
1 Yr -0.8% -45.8% 14.9% 94.75%
3 Yr 3.3%* -15.9% 10.1% 83.88%
5 Yr 6.2%* -6.7% 12.6% 73.60%
10 Yr 5.2%* 1.3% 9.7% 70.02%

* Annualized

Total Return Ranking - Calendar

Period MKHCX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.9% -46.8% 399.1% 63.92%
2019 7.3% -8.1% 23.9% 60.95%
2018 -2.6% -18.4% 1.3% 9.89%
2017 5.7% -8.5% 18.8% 17.83%
2016 14.6% -9.1% 39.0% 7.84%

NAV & Total Return History


MKHCX - Holdings

Concentration Analysis

MKHCX Category Low Category High MKHCX % Rank
Net Assets 12.6 B 3.56 M 28.5 B 5.27%
Number of Holdings 705 3 2239 14.40%
Net Assets in Top 10 764 M -492 M 2.99 B 10.23%
Weighting of Top 10 6.41% 2.7% 100.0% 90.45%

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 MKHCX % Rank
Bonds
93.00% 6.16% 145.56% 52.89%
Cash
4.54% -48.94% 75.30% 26.92%
Convertible Bonds
1.04% 0.00% 18.92% 70.79%
Stocks
0.87% -28.46% 30.63% 28.80%
Other
0.55% -50.78% 52.10% 8.08%
Preferred Stocks
0.00% 0.00% 13.47% 51.55%

Stock Sector Breakdown

Weighting Return Low Return High MKHCX % Rank
Utilities
0.00% 0.00% 99.28% 34.69%
Technology
0.00% 0.00% 99.99% 27.55%
Real Estate
0.00% 0.00% 100.00% 14.63%
Industrials
0.00% 0.00% 100.00% 20.41%
Healthcare
0.00% 0.00% 100.00% 42.86%
Financial Services
0.00% 0.00% 100.00% 26.87%
Energy
0.00% 0.00% 100.00% 12.24%
Communication Services
0.00% 0.00% 100.00% 52.04%
Consumer Defense
0.00% 0.00% 60.97% 11.22%
Consumer Cyclical
0.00% 0.00% 100.00% 32.99%
Basic Materials
0.00% 0.00% 100.00% 11.22%

Stock Geographic Breakdown

Weighting Return Low Return High MKHCX % Rank
US
0.87% -28.07% 21.00% 26.24%
Non US
0.00% -0.39% 14.70% 41.45%

Bond Sector Breakdown

Weighting Return Low Return High MKHCX % Rank
Corporate
95.38% 0.00% 100.00% 51.89%
Cash & Equivalents
4.62% 0.00% 92.44% 30.73%
Derivative
0.00% 0.00% 39.66% 34.50%
Securitized
0.00% 0.00% 93.82% 59.16%
Municipal
0.00% 0.00% 13.37% 21.97%
Government
0.00% 0.00% 74.11% 47.17%

Bond Geographic Breakdown

Weighting Return Low Return High MKHCX % Rank
US
82.74% 0.00% 125.17% 31.36%
Non US
10.26% -26.62% 97.16% 76.85%

MKHCX - Expenses

Operational Fees

MKHCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.81% 0.03% 20.43% 17.22%
Management Fee 0.55% 0.00% 1.84% 43.36%
12b-1 Fee 1.00% 0.00% 1.00% 80.80%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

MKHCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 5.00% 1.00% 5.50% 2.15%

Trading Fees

MKHCX 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.

MKHCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 0.00% 349.00% 19.53%

MKHCX - Distributions

Dividend Yield Analysis

MKHCX Category Low Category High MKHCX % Rank
Dividend Yield 0.00% 0.00% 4.96% 26.58%

Dividend Distribution Analysis

MKHCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MKHCX Category Low Category High MKHCX % Rank
Net Income Ratio 4.55% -2.17% 10.93% 74.93%

Capital Gain Distribution Analysis

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

Dividend Payout History

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MKHCX - Fund Manager Analysis

Managers

Andrew Susser


Start Date

Tenure

Tenure Rank

Feb 28, 2013

7.84

7.8%

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
0.02 36.38 6.59 1.5