MainStay MacKay U.S. Infrastructure Bond Fund (MCSGX)
The investment seeks current income. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in an actively managed, diversified portfolio of U.S. infrastructure-related debt issuers and/or securities intended primarily to finance infrastructure-related activities. It invests at least 60% of its assets in taxable municipal debt securities. It may invest up to 20% of its assets in tax-exempt municipal debt securities.
Fund Info
| ISIN | US56062F5098 |
|---|---|
| CUSIP | 56062F509 |
| Issuer | New York Life Investments |
| Inception Date | May 1, 1986 |
| Category | Intermediate Core Bond |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
MCSGX has a high expense ratio of 1.92%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MainStay MacKay U.S. Infrastructure 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 11.29% |
| 1 month | N/A | 4.87% |
| 6 months | N/A | 17.88% |
| 1 year | N/A | 29.16% |
| 5 years (annualized) | N/A | 13.20% |
| 10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of MCSGX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.69% | -0.79% | |||||||||||
| 2023 | 3.78% | -1.89% | 2.02% | 0.53% | -0.44% | -0.69% | -0.29% | -0.14% | -2.45% | -0.99% | 3.40% | 3.02% | 5.79% |
| 2022 | -1.58% | -0.90% | -3.61% | -3.44% | -0.03% | -1.03% | 1.42% | -2.24% | -3.73% | -1.81% | 2.88% | -0.95% | -14.21% |
| 2021 | 0.23% | -0.94% | -1.30% | 0.85% | 0.61% | 0.76% | 1.40% | -0.38% | -1.21% | -0.45% | 0.64% | 0.20% | 0.35% |
| 2020 | 2.92% | 2.37% | -4.59% | 0.08% | 0.53% | 1.45% | 1.18% | 0.15% | 0.27% | -0.96% | 1.07% | 0.76% | 5.14% |
| 2019 | 0.59% | -0.24% | 1.98% | -0.08% | 3.22% | 0.87% | 0.38% | 3.41% | -1.24% | -0.47% | -0.12% | -0.70% | 7.73% |
| 2018 | -1.35% | -0.74% | 0.47% | -0.88% | 0.48% | -0.15% | -0.38% | 0.48% | -0.91% | -0.49% | 0.48% | 1.12% | -1.87% |
| 2017 | -0.17% | 0.35% | -0.15% | 0.58% | 0.44% | -0.39% | 0.21% | 0.69% | -0.39% | -0.29% | -0.27% | 0.23% | 0.85% |
| 2016 | 1.25% | 0.34% | -0.03% | 0.08% | -0.03% | 1.01% | 0.06% | -0.04% | 0.18% | -0.52% | -2.27% | -0.27% | -0.27% |
| 2015 | 0.65% | -0.33% | 0.11% | -0.02% | -0.36% | -0.84% | 0.45% | -0.02% | 0.10% | -0.02% | -0.36% | -0.35% | -1.00% |
| 2014 | 1.15% | 0.27% | -0.34% | 0.59% | 0.81% | 0.23% | -0.36% | 0.46% | -0.24% | 0.58% | 0.23% | 0.20% | 3.62% |
| 2013 | -0.59% | 0.23% | -0.01% | 0.33% | -1.60% | -1.72% | -0.36% | -0.36% | 0.81% | 0.23% | -0.34% | -0.43% | -3.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay MacKay U.S. Infrastructure Bond Fund (MCSGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay MacKay U.S. Infrastructure Bond Fund granted a 2.38% dividend yield in the last twelve months. The annual payout for that period amounted to $0.18 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.23 | $0.13 | $0.19 | $0.17 | $0.12 | $0.10 | $0.09 | $0.08 | $0.11 | $0.14 | $0.13 |
Dividend yield | 2.38% | 3.05% | 1.79% | 2.19% | 1.90% | 1.40% | 1.29% | 1.09% | 0.94% | 1.36% | 1.57% | 1.59% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay MacKay U.S. Infrastructure 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.13 |
| 2021 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.19 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.11 | $0.17 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.08 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.14 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the MainStay MacKay U.S. Infrastructure 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 U.S. Infrastructure Bond Fund was 17.84%, occurring on Nov 7, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.84% | Mar 10, 2020 | 680 | Nov 7, 2022 | — | — | — |
| -6.36% | Oct 6, 1998 | 335 | Jan 18, 2000 | 140 | Aug 8, 2000 | 475 |
| -6.05% | Jul 8, 2016 | 591 | Nov 8, 2018 | 135 | May 28, 2019 | 726 |
| -5.69% | Jun 16, 2003 | 54 | Sep 2, 2003 | 363 | Feb 9, 2005 | 417 |
| -5.38% | Sep 27, 2012 | 235 | Sep 5, 2013 | 691 | Jun 3, 2016 | 926 |
Volatility
Volatility Chart
The current MainStay MacKay U.S. Infrastructure Bond Fund volatility is 2.09%, 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.