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
US56062F3010
56062F301
Apr 30, 1986
$1,000
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 3.15% year-to-date (YTD) and 8.42% in the last 12 months. Over the past 10 years, MainStay MacKay Convertible Fund had an annualized return of 2.02%, while the S&P 500 had an annualized return of 11.31%, indicating that MainStay MacKay Convertible Fund did not perform as well as the benchmark.
MCSVX
3.15%
1.19%
2.92%
8.42%
1.12%
2.02%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.54% | 3.15% | |||||||||||
| 2024 | -1.02% | 1.26% | 1.47% | -2.12% | 1.71% | 1.18% | 1.39% | 2.46% | 1.00% | -0.90% | 4.00% | -5.22% | 4.99% |
| 2023 | 3.79% | -1.83% | -0.13% | -1.46% | -0.35% | 5.43% | 2.36% | -1.98% | -2.41% | -3.74% | 4.54% | 3.89% | 7.84% |
| 2022 | -5.04% | -0.21% | 2.00% | -5.32% | -0.38% | -8.10% | 6.02% | 0.73% | -6.47% | 5.84% | 1.58% | -5.83% | -15.28% |
| 2021 | 1.18% | 4.21% | -2.54% | 2.60% | -0.92% | 2.10% | -1.28% | 1.83% | -0.82% | 2.93% | -2.16% | -17.39% | -11.51% |
| 2020 | 0.88% | -3.11% | -12.15% | 10.44% | 7.30% | 3.67% | 5.94% | 3.84% | -2.46% | 0.39% | 10.64% | -0.18% | 25.50% |
| 2019 | 7.77% | 3.57% | 0.32% | 2.68% | -3.63% | 4.24% | 1.75% | -2.44% | -1.30% | 2.02% | 2.32% | 0.73% | 18.98% |
| 2018 | 3.34% | -1.21% | 0.19% | 0.23% | 2.80% | -0.79% | 1.26% | 2.99% | 0.05% | -6.96% | 1.06% | -10.60% | -8.30% |
| 2017 | 1.48% | 2.55% | -0.06% | 0.41% | 0.18% | 0.95% | 1.11% | -0.87% | 1.54% | 1.32% | 0.34% | -5.30% | 3.47% |
| 2016 | -6.97% | 0.64% | 5.62% | 2.09% | 1.05% | -0.55% | 4.53% | 0.63% | 0.52% | -2.73% | 4.28% | -0.12% | 8.68% |
| 2015 | -1.15% | 4.40% | -0.47% | 0.88% | 1.40% | -1.78% | 0.00% | -4.04% | -4.15% | 4.58% | 0.49% | -6.25% | -6.48% |
| 2014 | -0.64% | 3.67% | -0.90% | -0.68% | 1.66% | 2.81% | -1.97% | 3.74% | -3.06% | 1.50% | 0.38% | -8.12% | -2.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MCSVX is 43, indicating average performance compared to other mutual funds on our website. Here’s 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 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 provided a 2.11% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.59 | $0.10 | $0.15 | $0.04 | $0.04 | $0.03 | $0.07 | $0.13 | $0.45 | $0.35 |
Dividend yield | 2.11% | 2.18% | 3.32% | 0.61% | 0.75% | 0.17% | 0.20% | 0.22% | 0.40% | 0.77% | 2.97% | 2.11% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.39 | $0.40 |
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.59 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2019 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.04 |
| 2018 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.03 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 | $0.07 |
| 2016 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.07 | $0.13 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| 2014 | $0.35 | $0.35 |
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 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 48.72%, occurring on Nov 20, 2008. Recovery took 552 trading sessions.
The current MainStay MacKay Convertible Fund drawdown is 21.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.72% | Oct 15, 2007 | 279 | Nov 20, 2008 | 552 | Feb 1, 2011 | 831 |
| -39.24% | Sep 5, 2000 | 523 | Oct 9, 2002 | 1084 | Feb 2, 2007 | 1607 |
| -34.36% | Nov 10, 2021 | 169 | Jul 14, 2022 | — | — | — |
| -25.77% | Feb 20, 2020 | 20 | Mar 18, 2020 | 56 | Jun 8, 2020 | 76 |
| -24.6% | Sep 2, 2014 | 365 | Feb 11, 2016 | 416 | Oct 5, 2017 | 781 |
Volatility
Volatility Chart
The current MainStay MacKay Convertible Fund volatility is 1.88%, 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.