Nasdaq - Delayed Quote USD

MainStay MacKay Short Dur Hi Inc C (MDHCX)

9.47 +0.02 (+0.21%)
At close: 6:45 PM EDT

Fund Summary

The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in high-yield debt securities that are rated below investment grade by a nationally recognized statistical rating organization ("NRSRO") or that are unrated but are considered to be of comparable quality by MacKay Shields LLC, the fund's Subadvisor. It will generally seek to maintain a weighted average duration of three years or less, although the fund may invest in instruments of any duration or maturity.

MainStay MacKay Short Dur Hi Inc C

Parsippany NJ 07054
169 Lackawanna Ave
800 624 6782

Fund Overview

Category High Yield Bond
Fund Family New York Life Investment Management LLC
Net Assets 2.2B
YTD Return 1.52%
Yield 5.05%
Morningstar Rating
Inception Date Dec 17, 2012

Fund Operations

Last Dividend 0.13
Last Cap Gain -7.00
Holdings Turnover 22.00%
Average for Category --

Fees & Expenses

Expense MDHCX Category Average
Annual Report Expense Ratio (net) 1.86% 0.95%
Prospectus Net Expense Ratio 1.86% --
Prospectus Gross Expense Ratio 1.86% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.88%
Max Deferred Sales Load -- 1.28%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Nate Hudson is a Managing Director on the High Yield Team, where he follows the automotive and services sectors. Prior to joining MacKay Shields in 2008, he was a Senior Analyst of High Yield Credit in Strategic Capital’s (White Ridge Advisors) proprietary investment group at Banc of America Securities. Previously, he was a sell-side High Yield Analyst at Banc of America Securities and a High Yield Credit Analyst at Nomura Corporate Research & Asset Management (NCRAM). Nate received a BA from Yale University and is a CFA Charterholder. He has been working in the investment industry since 1991.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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