MHHRX - MainStay MacKay High Yield Corporate Bond Fund Class R1

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MainStay MacKay High Yield Corporate Bond Fund Class R1

MainStay Funds

169 Lackawanna Ave

Parsippany, NJ 07054

800-624-6782
Management Information
Andrew Susser,Lead Manager since February 27, 2013
Mr. Susser is an Executive Managing Director of MacKay Shields. Prior to joining MacKay Shields in 2006, Mr. Susser was a Portfolio Manager with Golden Tree Asset Management. Previously, he was a Managing Director and Head of High Yield Bond Research at Banc of America Securities. From 1999 to 2004, Andrew was named to the Institutional Investor All-America Fixed Income Research Team; from 2002 to 2004, he was ranked by Institutional Investor as the No. 1 analyst in the high yield sector. Andrew also worked as a Fixed Income Analyst for Salomon Brothers, as a Senior Analyst at Moody's Investors Service and as a Market Analyst and Institutional Trading Liaison for Merrill Lynch Capital Markets. He began his career as a Corporate Finance and M&A Attorney at Shearman & Sterling in their New York office. Andrew received a BA from Vassar College, an MBA from the Wharton Graduate School of Business and a JD from the University of Pennsylvania Law School. He has been working in the investment industry since 1986.
Morningstar Style Box
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Morningstar Category
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Fund Overview

CategoryHigh Yield Bond
Fund FamilyMainStay
Net Assets9.82B
YTD Return11.03%
Yield5.82%
Morningstar Rating★★★★
Inception DateJun. 28, 2012

Fund Operations

Last Dividend0.03
Last Cap Gain0.00
Holdings Turnover30.00%
Average for CategoryN/A

Fees & Expenses

ExpenseMHHRXCategory Average
Annual Report Expense Ratio (net)0.84%1.01%
Prospectus Net Expense Ratio0.84%N/A
Prospectus Gross Expense Ratio0.84%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A3.87%
Max Deferred Sales LoadN/A1.39%
3 Yr Expense Projection268N/A
5 Yr Expense Projection466N/A
10 Yr Expense Projection1,037N/A