MDHIX : MainStay MacKay Short Duration High Yield Fund Class I

MDHIX is a Bond Market High Yield Bond with MODERATE fees.

MDHIX

MainStay MacKay Short Duration High Yield Fund Class I

FI Score

48 /100

Expense Ratio Rating

6 /10

Expense Rating

2 /10

Market Score

7 /10

Category Score

0 /10

Market Size

7 /10

48% FI Score
  • mdhix
  • Mutual Fund
  • Bond
  • High Yield Bond

MainStay MacKay Short Duration High Yield Fund Class I

Expenses: 0.79% (Better than 1% of similar funds)

This is a bad choice for a High Yield Bond Bond fund. See why ยป

Fund Summary

The investment seeks high current income; capital appreciation is a secondary objective. 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.

Largest Holdings

Amount Holding
2.72% Sprint Corporation 7.88%
1.73% MGM Growth Properties Operating Partnership LP/ MGP Escrow Co Issuer Inc. 5
1.71% Grinding Media Inc. and MC Grinding Media (Canada) Inc. 7.38%
1.65% BASS PRO GROUP LLC TERM LOAN B
1.47% Centene Corporation 4.75%
1.47% DISH Network Corporation 2.38%
1.43% FS ENERGY & POWER FUND 7.5%
1.32% TPC Group Inc 10.5%
1.20% Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation 4.75%
1.14% HCA Inc. 5.38%
1.06% NEWMARK GROUP INC 6.12%
1.04% KFC Holding Co., Pizza Hut Holdings, LLC Taco Bell of America LLC 5%
1.03% Compass Minerals International Inc. 4.88%
0.98% BLOCK COMMUNICATIONS INC 2020 TERM LOAN
0.92% VICI PROPERTIES INC 3.5%
0.87% Stena International SA 6.12%
0.87% ADIENT US LLC TERM LOAN B
0.85% Big River Steel LLC / BRS Finance Corp 7.25%
0.83% Talos Production LLC / Talos Production Finance Inc. 11%
0.82% HCA Inc. 5.88%
0.82% Blue Cube Spinco Inc 9.75%
0.81% Equinix, Inc. 5.88%
0.79% Plains All American Pipeline L.P./PAA Finance Corp. 6.12%
0.79% CenturyLink, Inc. 5.8%
0.79% CSC Holdings, LLC 5.25%

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