Nasdaq - Delayed Quote USD

MainStay MacKay Strategic Bond A (MASAX)

8.38 -0.02 (-0.24%)
As of 8:06 AM EDT. Market Open.

Fund Summary

The fund normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a diversified portfolio of debt or debt-related securities. The average portfolio duration of the fund will normally vary from 0 to 7 years. The fund may invest in derivatives, such as futures, options, forward commitments and interest rate swap agreements to try to enhance returns or reduce the risk of loss by hedging certain of its holdings or manage duration. It may invest up to 25% of its total assets in swaps.

MainStay MacKay Strategic Bond A

Parsippany, NJ 07054
169 Lackawanna Ave

Fund Overview

Category Nontraditional Bond
Fund Family New York Life Investment Management LLC
Net Assets 681.54M
YTD Return 1.60%
Yield 4.52%
Morningstar Rating
Inception Date Jan 02, 2004

Fund Operations

Last Dividend 0.10
Last Cap Gain -37.00
Holdings Turnover 92.00%
Average for Category --

Fees & Expenses

Expense MASAX Category Average
Annual Report Expense Ratio (net) 0.70% 1.23%
Prospectus Net Expense Ratio 0.70% --
Prospectus Gross Expense Ratio 0.79% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 4.11%
Max Deferred Sales Load -- 1.17%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Tom joined MacKay Shields in April 2021 and currently serves as the Chief Operating Officer of MacKay’s non-Municipal fixed income business. In addition, Tom is a Portfolio Manager on the Global Fixed Income team. Prior to joining MacKay, he previously worked for more than twenty years at Blackrock where he was responsible for their $75 billion plus Short Duration strategies and worked closely with the multi sector teams. He also served as a Portfolio Manager within the Global Fixed Income division at Merrill Lynch Investment Managers prior to it being acquired by BlackRock in 2006. Tom earned his B.S. in Finance from Siena College and his MBA in Finance from St. John’s University and is a CFA charterholder. His career in the investment management industry began in 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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