6.14 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 6.14
Category High Yield Bond
Net Assets 4.07 Bil
Yield 6.77%
Morningstar Risk Low
Morningstar Return Below Average
  • Last NAV update 4/23/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks maximum current income through investment in a diversified portfolio of high-yield debt securities; 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 corporate debt securities, including all types of high-yield domestic and foreign corporate debt securities that are rated below investment grade or that are unrated but are considered to be of comparable quality by the Subadvisor. It may invest up to 20% of its net assets in common stocks and other equity-related securities.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 12.17% 5.78% 13.01% 6.10% 3.13%
Value ($) 11,216.97 11,864.96 13,408.23 14,226.25 14,672.04
  • Year to date performance as of 4/23/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family MainStay
Fund Manager J.Matthew Philo
Tenure (Years) 13
Fund Status Open
Minimum Initial Purchase 25,000.00
Minimum IRA Investment 25,000.00
Front Load 4.50
Expense Ratio 1.01%
PERFORMANCE
Symbol Value ($)
1 Month 0.70%
3 Months 2.12%
1 Year 5.84%
3 Years* 7.94%
5 Years* 13.62%
  • * Annualized returns
  • Performance as of 4/23/2014 12:00 AM ET
PEER COMPARISON
  MHCAX High Yield Bond
5-Yr Return 13.62% 14.64%
Sharpe Ratio 1.66 1.43
Net Assets 4.07 Bil 449.28 Mil
Avg Market Cap NA 14.01 Bil
Avg P/E 21.46 15.39
Portfolio Turnover 40 81
HOLDINGS
Symbol Value ($)
Stocks 0.36%
Cash 3.05%
Fixed Income 94.39%
Other 2.20%
TOP 10 HOLDINGS
NAME % NET ASSETS
Texas Inds 9.25% 1.26%
Seagate Hdd Cayman 144A 4.75% 0.90%
Exide Technologies, Inc. Dip Second Out Tl 0.83%
Carlson Wagonlit Bv 144A 6.875% 0.79%
Rri Engy 7.875% 0.79%
Petroquest Engy 10% 0.76%
Dineequity 9.5% 0.67%
T Mobile Usa 6.731% 0.64%
Phibro Animal Health 144A 9.25% 0.63%
Florida East Coast Rwy 8.125% 0.61%
DATA PROVIDERS

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Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

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