|Expense Ratio (net)||1.01%|
|Morningstar Risk Rating||★★★★|
|Last Cap Gain||0.00|
|Inception Date||Jan 3, 1995|
|Average for Category||N/A|
Spotlight: MainStay Convertible offers investors the potential to benefit from a surging stock price without having to invest in the stock itself.
Investors seeking to bet against Tesla's common stock may want to give its convertible bonds a spin.
By delivering exposure to the upside while limiting downside risk, convertible bonds offer both security and returns to investors, say Edward Silverstein, portfolio manager for the MainStay Convertible ...