MainStay High Yield Corporate Bond B
MainStay Funds 169 Lackawanna Ave. Parsippany, NJ 07054
Map
Phone: 800-624-6782
| Category: | High Yield Bond | | Fund Family: | MainStay | | Net Assets: | 440.35M | | Year-to-Date Return: | 1.11% | | Yield: | 6.93% | | Morningstar Rating: |  | | Fund Inception Date: | 01-May-86 |
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J. Matthew Philo
Lead Manager since
29-Dec-00 | | | Philo is a Senior Managing Director and a Co-Head of Fixed Income and Head of High Yield Division. He joined MacKay Shields in 1996 from Thorsell, Parker Partners Inc. where he was an analyst and Portfolio Manager focusing on mid-cap companies. Philo was previously with Moran Asset Management as an equity portfolio manager and analyst. He has been in the investment management and research industry since 1984. Philo holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $1,000 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | $500 | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | $50 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks current income; capital appreciation is a secondary consideration. The fund invests 80% of assets in domestic and foreign high-yield debt securities rated from BBB to B, or in those unrated but of comparable quality. It may invest up to 20% of assets in securities rated lower than B. |
| Last Dividend
(29-Jan-10):
| 0.03 | | Last Cap Gain
(19-Dec-00):
| 0.05 | | Annual Holdings Turnover
| 41.00% | | Average for Category:
| 95.38% |
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| Expense | MKHCX | Category
Avg | | Total Expense Ratio: | 1.86%
| 1.21% | | Max 12b1 Fee: | 1.00%
| N/A | | Max Front End Sales Load: | %
| 4.46% | | Max Deferred Sales Load: | 5.00%
| 2.70% | | 3 Yr Expense Projection*: |
$ 885 | $639 | | 5 Yr Expense Projection*: |
$ 1,206 | $1,001 | | 10 Yr Expense Projection*: |
$ 1,997 | $2,022 |
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