MainStay MacKay High Yield Corp Bd R2 (MHYRX)
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MainStay MacKay High Yield Corp Bd R2
Parsippany, NJ 07054
169 Lackawanna Ave
MainStay Funds
Management Information
,Lead Manager since February 27, 2024
Nate Hudson is a Managing Director on the High Yield Team, where he follows the automotive and services sectors.
Prior to joining MacKay Shields in 2008, he was a Senior Analyst of High Yield Credit in Strategic Capital’s (White
Ridge Advisors) proprietary investment group at Banc of America Securities. Previously, he was a sell-side High Yield Analyst at Banc of America Securities and a High Yield Credit Analyst at Nomura Corporate Research & Asset
Management (NCRAM).
Nate received a BA from Yale University and is a CFA Charterholder. He has been working in the investment industry
since 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.
Fund Overview
CategoryHigh Yield Bond
Fund FamilyNew York Life Investment Management LLC
Net Assets11.04B
YTD Return1.55%
Yield5.74%
Morningstar Rating★★★★
Inception DateFeb 28, 2016
Fund Operations
Last Dividend0.08
Last Cap Gain-7.00
Holdings Turnover20.00%
Average for CategoryN/A
Fees & Expenses
ExpenseMHYRXCategory Average
Annual Report Expense Ratio (net)1.31%0.95%
Prospectus Net Expense Ratio1.31%N/A
Prospectus Gross Expense Ratio1.31%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A3.88%
Max Deferred Sales LoadN/A1.28%
3 Yr Expense Projection0N/A
5 Yr Expense Projection0N/A
10 Yr Expense Projection0N/A
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