MainStay MacKay Strategic Bond Fund (MASAX)
The investment seeks total return by investing primarily in domestic and foreign debt securities. The fund normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a diversified portfolio of debt or debt-related securities. The average portfolio duration of the fund will normally vary from 0 to 7 years. The fund may invest in derivatives, such as futures, options, forward commitments and interest rate swap agreements to try to enhance returns or reduce the risk of loss by hedging certain of its holdings or manage duration. It may invest up to 25% of its total assets in swaps.
Fund Info
US56062F6575
56062F657
Feb 27, 1997
$15,000
Expense Ratio
MASAX has a high expense ratio of 1.04%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MainStay MacKay Strategic Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MainStay MacKay Strategic Bond Fund had a return of 1.50% year-to-date (YTD) and 8.00% in the last 12 months. Over the past 10 years, MainStay MacKay Strategic Bond Fund had an annualized return of 2.84%, while the S&P 500 had an annualized return of 11.31%, indicating that MainStay MacKay Strategic Bond Fund did not perform as well as the benchmark.
MASAX
1.50%
1.14%
0.87%
8.00%
3.17%
2.84%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of MASAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.03% | 1.50% | |||||||||||
| 2024 | 1.01% | -0.66% | 1.24% | -1.68% | 1.88% | 1.15% | 2.18% | 1.46% | 1.33% | -1.87% | 0.74% | -0.53% | 6.35% |
| 2023 | 3.58% | -1.22% | 0.27% | 0.85% | -0.23% | 0.60% | 0.85% | -0.23% | -1.09% | -1.00% | 3.46% | 3.42% | 9.47% |
| 2022 | -1.14% | -1.97% | -0.73% | -1.76% | -0.49% | -2.39% | 2.70% | -1.16% | -3.69% | -0.16% | 2.55% | 0.37% | -7.79% |
| 2021 | 0.24% | -0.07% | -0.02% | 0.74% | 0.37% | 0.51% | 0.28% | 0.09% | -0.06% | -0.07% | -0.67% | 0.57% | 1.93% |
| 2020 | 0.53% | -0.26% | -7.68% | 3.21% | 2.27% | 1.63% | 2.19% | 1.02% | -0.34% | 0.43% | 2.33% | 1.15% | 6.19% |
| 2019 | 1.87% | 0.61% | 0.48% | 0.85% | -0.09% | 0.60% | 0.46% | 0.44% | 0.10% | 0.41% | 0.23% | 0.43% | 6.56% |
| 2018 | 0.11% | -0.53% | -0.22% | 0.06% | -0.05% | -0.14% | 0.64% | 0.14% | 0.37% | -0.55% | -0.71% | -1.08% | -1.93% |
| 2017 | 0.86% | 0.60% | -0.02% | 0.72% | 0.48% | 0.26% | 0.65% | 0.10% | 0.33% | 0.30% | 0.10% | 0.33% | 4.81% |
| 2016 | -1.81% | -0.28% | 3.22% | 1.99% | 0.19% | -0.16% | 2.24% | 1.70% | 0.19% | 0.28% | -0.61% | 0.90% | 8.02% |
| 2015 | -0.17% | 2.07% | -0.59% | 0.80% | 0.05% | -1.26% | -0.37% | -1.51% | -1.99% | 1.79% | -1.10% | -1.50% | -3.78% |
| 2014 | 0.16% | 1.39% | 0.40% | 0.29% | 0.71% | 0.72% | -0.86% | 0.94% | -1.40% | 0.26% | -0.70% | -0.77% | 1.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 84, MASAX is among the top 16% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay MacKay Strategic Bond Fund (MASAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay MacKay Strategic Bond Fund provided a 5.21% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.45 | $0.37 | $0.26 | $0.18 | $0.21 | $0.24 | $0.28 | $0.25 | $0.37 | $0.31 | $0.33 |
Dividend yield | 5.21% | 5.24% | 4.35% | 3.16% | 2.03% | 2.30% | 2.73% | 3.34% | 2.75% | 4.27% | 3.64% | 3.59% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay MacKay Strategic Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.04 | $0.26 |
| 2021 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.18 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.21 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2017 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2016 | $0.03 | $0.04 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.37 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.31 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the MainStay MacKay Strategic Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MainStay MacKay Strategic Bond Fund was 18.72%, occurring on Nov 21, 2008. Recovery took 173 trading sessions.
The current MainStay MacKay Strategic Bond Fund drawdown is 0.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.72% | May 21, 2008 | 129 | Nov 21, 2008 | 173 | Aug 3, 2009 | 302 |
| -13.76% | Feb 24, 2020 | 21 | Mar 23, 2020 | 83 | Jul 21, 2020 | 104 |
| -11.94% | Jan 25, 2021 | 440 | Oct 20, 2022 | 297 | Dec 27, 2023 | 737 |
| -10.65% | Aug 28, 2014 | 367 | Feb 11, 2016 | 134 | Aug 23, 2016 | 501 |
| -7.29% | May 11, 2011 | 103 | Oct 5, 2011 | 75 | Jan 24, 2012 | 178 |
Volatility
Volatility Chart
The current MainStay MacKay Strategic Bond Fund volatility is 0.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.