MainStay MacKay Convertible Fund (MCSVX)
The investment seeks capital appreciation together with current income. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in "convertible securities" such as bonds, debentures, corporate notes, and preferred stocks or other securities that are convertible into common stock or the cash value of a stock or a basket or index of equity securities. The balance of the fund may be invested or held in non-convertible debt, equity securities that do not pay regular dividends, U.S. government securities, and cash or cash equivalents.
Fund Info
ISIN | US56062F3010 |
---|---|
CUSIP | 56062F301 |
Issuer | New York Life Investment Management LLC |
Inception Date | Apr 30, 1986 |
Category | Convertible Bonds |
Min. Investment | $1,000 |
Asset Class | Bond |
Expense Ratio
MCSVX has a high expense ratio of 1.87%, 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 Convertible 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 Convertible Fund had a return of 2.15% year-to-date (YTD) and 10.02% in the last 12 months. Over the past 10 years, MainStay MacKay Convertible Fund had an annualized return of 7.44%, while the S&P 500 had an annualized return of 10.99%, indicating that MainStay MacKay Convertible Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.15% | 11.18% |
1 month | 3.38% | 5.60% |
6 months | 7.46% | 17.48% |
1 year | 10.02% | 26.33% |
5 years (annualized) | 8.54% | 13.16% |
10 years (annualized) | 7.44% | 10.99% |
Monthly Returns
The table below presents the monthly returns of MCSVX, 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 | -1.41% | 1.26% | 1.47% | -2.12% | 2.15% | ||||||||
2023 | 3.79% | -1.83% | -0.13% | -1.46% | -0.35% | 5.43% | 2.36% | -1.98% | -2.41% | -3.74% | 4.54% | 4.30% | 8.27% |
2022 | -5.04% | -0.21% | 2.00% | -5.32% | -0.38% | -8.10% | 6.02% | 0.73% | -6.47% | 5.84% | 1.58% | -3.38% | -13.07% |
2021 | 1.18% | 4.21% | -2.54% | 2.60% | -0.92% | 2.10% | -1.28% | 1.83% | -0.82% | 2.93% | -2.16% | 1.73% | 8.96% |
2020 | 0.88% | -3.11% | -12.15% | 10.44% | 7.30% | 3.67% | 5.94% | 3.84% | -2.46% | 0.39% | 10.64% | 6.35% | 33.71% |
2019 | 7.77% | 3.57% | 0.32% | 2.68% | -3.63% | 4.24% | 1.75% | -2.44% | -1.30% | 2.02% | 2.32% | 2.47% | 21.04% |
2018 | 3.35% | -1.21% | 0.19% | 0.23% | 2.80% | -0.79% | 1.26% | 2.99% | 0.05% | -6.96% | 1.06% | -5.93% | -3.50% |
2017 | 1.48% | 2.55% | -0.06% | 0.41% | 0.18% | 0.95% | 1.11% | -0.86% | 1.54% | 1.32% | 0.34% | 0.51% | 9.82% |
2016 | -6.97% | 0.64% | 5.62% | 2.08% | 1.05% | -0.55% | 4.53% | 0.63% | 0.52% | -2.73% | 4.28% | 1.47% | 10.40% |
2015 | -1.15% | 4.40% | -0.47% | 0.88% | 1.40% | -1.78% | 0.00% | -4.04% | -4.15% | 4.58% | 0.49% | -1.90% | -2.14% |
2014 | -0.64% | 3.67% | -0.90% | -0.68% | 1.66% | 2.81% | -1.97% | 3.74% | -3.06% | 1.50% | 0.38% | -0.06% | 6.37% |
2013 | 4.42% | 0.20% | 2.30% | 0.58% | 3.09% | -1.41% | 5.51% | -0.90% | 4.00% | 1.17% | 1.61% | 1.57% | 24.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MCSVX is 34, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
MCSVX (MainStay MacKay Convertible Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay MacKay Convertible Fund (MCSVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay MacKay Convertible Fund granted a 3.19% dividend yield in the last twelve months. The annual payout for that period amounted to $0.58 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.58 | $0.58 | $0.55 | $4.64 | $1.47 | $0.34 | $0.86 | $1.08 | $0.38 | $1.15 | $1.81 | $0.71 |
Dividend yield | 3.19% | 3.31% | 3.27% | 23.15% | 6.44% | 1.89% | 5.63% | 6.45% | 2.36% | 7.61% | 10.95% | 4.14% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay MacKay Convertible 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.58 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.64 | $4.64 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $1.47 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
2018 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.86 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $1.07 | $1.08 |
2016 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.33 | $0.38 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $1.15 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.81 | $1.81 |
2013 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.71 |
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 Convertible 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 Convertible Fund was 44.55%, occurring on Nov 20, 2008. Recovery took 492 trading sessions.
The current MainStay MacKay Convertible Fund drawdown is 6.42%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-44.55% | Oct 15, 2007 | 279 | Nov 20, 2008 | 492 | Nov 4, 2010 | 771 |
-26.71% | Sep 5, 2000 | 523 | Oct 9, 2002 | 548 | Dec 14, 2004 | 1071 |
-25.77% | Feb 20, 2020 | 20 | Mar 18, 2020 | 56 | Jun 8, 2020 | 76 |
-22.06% | May 2, 2011 | 108 | Oct 3, 2011 | 357 | Mar 8, 2013 | 465 |
-20.54% | Oct 14, 1997 | 258 | Oct 8, 1998 | 284 | Nov 10, 1999 | 542 |
Volatility
Volatility Chart
The current MainStay MacKay Convertible Fund volatility is 2.07%, 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.