MainStay Candriam Emerging Markets Debt Fund (MGHAX)
The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in fixed income securities of issuers in emerging markets. The securities in which the fund invests may be denominated in foreign currency. The fund's principal investments include sovereign, quasi-sovereign and corporate Eurobonds. The fund may invest up to 20% of its total assets in swaps, including credit default swaps and credit default swap indices.
Fund Info
US56062F4752
56062F475
May 31, 1998
$15,000
Expense Ratio
MGHAX has a high expense ratio of 1.15%, 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 Candriam Emerging Markets Debt 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 Candriam Emerging Markets Debt Fund had a return of 2.56% year-to-date (YTD) and 10.03% in the last 12 months. Over the past 10 years, MainStay Candriam Emerging Markets Debt Fund had an annualized return of 3.24%, while the S&P 500 had an annualized return of 11.04%, indicating that MainStay Candriam Emerging Markets Debt Fund did not perform as well as the benchmark.
MGHAX
2.56%
0.98%
2.48%
10.03%
-0.39%
3.24%
^GSPC (Benchmark)
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
Monthly Returns
The table below presents the monthly returns of MGHAX, 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 | 2.03% | 2.56% | |||||||||||
| 2024 | -0.64% | 1.08% | 2.44% | -1.54% | 1.53% | 0.24% | 1.67% | 2.13% | 1.98% | -1.47% | 1.11% | -1.74% | 6.88% |
| 2023 | 3.41% | -2.95% | 0.68% | 0.26% | -0.42% | 3.04% | 2.42% | -1.71% | -2.96% | 0.14% | 5.55% | 5.41% | 13.13% |
| 2022 | -2.89% | -5.12% | 0.27% | -5.75% | -0.16% | -6.78% | 2.63% | -1.11% | -6.89% | -0.09% | 8.20% | 0.18% | -17.07% |
| 2021 | -1.33% | -2.35% | -0.86% | 1.95% | 0.97% | 0.34% | -0.25% | 1.56% | -2.57% | -0.43% | -3.01% | 1.17% | -4.85% |
| 2020 | 1.33% | -1.76% | -18.14% | 2.41% | 8.08% | 4.10% | 4.51% | 1.39% | -2.90% | -0.27% | 4.60% | 2.56% | 3.34% |
| 2019 | 5.29% | 1.29% | 1.86% | 0.59% | 0.11% | 3.20% | 1.21% | -1.26% | -0.26% | 0.30% | -0.76% | 3.12% | 15.49% |
| 2018 | 0.21% | -1.97% | -0.11% | -1.61% | -1.47% | -1.48% | 3.22% | -2.17% | 1.33% | -3.05% | -0.94% | 1.12% | -6.86% |
| 2017 | 1.62% | 2.33% | 0.43% | 1.74% | 1.47% | -0.16% | 0.84% | 1.89% | 0.19% | 0.39% | -0.43% | 0.53% | 11.34% |
| 2016 | -0.90% | 1.95% | 4.72% | 2.64% | -0.54% | 4.25% | 2.57% | 2.35% | 0.60% | -0.86% | -4.30% | 1.64% | 14.65% |
| 2015 | -1.79% | 1.13% | -0.21% | 3.49% | -0.61% | -1.68% | 0.36% | -2.33% | -2.64% | 4.19% | 0.17% | -2.08% | -2.25% |
| 2014 | -1.77% | 2.99% | 1.90% | 0.93% | 3.41% | 1.11% | -0.17% | -0.24% | -2.84% | 0.82% | -2.34% | -7.12% | -3.74% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 82, MGHAX is among the top 18% 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 Candriam Emerging Markets Debt Fund (MGHAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay Candriam Emerging Markets Debt Fund provided a 7.67% dividend yield over the last twelve months, with an annual payout of $0.60 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.58 | $0.46 | $0.51 | $0.48 | $0.60 | $0.45 | $0.48 | $0.45 | $0.54 | $0.57 | $0.76 |
Dividend yield | 7.67% | 7.61% | 5.96% | 7.00% | 5.09% | 5.83% | 4.24% | 4.97% | 4.20% | 5.29% | 6.12% | 7.50% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Candriam Emerging Markets Debt 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 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.17 | $0.58 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 | $0.46 |
| 2022 | $0.03 | $0.03 | $0.02 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.17 | $0.02 | $0.51 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.00 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.16 | $0.48 |
| 2020 | $0.04 | $0.04 | $0.07 | $0.05 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.16 | $0.60 |
| 2019 | $0.02 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.03 | $0.04 | $0.45 |
| 2018 | $0.01 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.02 | $0.10 | $0.48 |
| 2017 | $0.03 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.45 |
| 2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.54 |
| 2015 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.04 | $0.57 |
| 2014 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.05 | $0.06 | $0.05 | $0.05 | $0.15 | $0.76 |
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 Candriam Emerging Markets Debt 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 Candriam Emerging Markets Debt Fund was 33.45%, occurring on Oct 27, 2008. Recovery took 193 trading sessions.
The current MainStay Candriam Emerging Markets Debt Fund drawdown is 3.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.45% | Nov 1, 2007 | 248 | Oct 27, 2008 | 193 | Aug 4, 2009 | 441 |
| -30.07% | Jan 25, 2021 | 441 | Oct 21, 2022 | — | — | — |
| -27.46% | Feb 24, 2020 | 21 | Mar 23, 2020 | 197 | Dec 30, 2020 | 218 |
| -17.16% | Jul 25, 2014 | 375 | Jan 20, 2016 | 140 | Aug 9, 2016 | 515 |
| -12.5% | Apr 15, 2002 | 74 | Jul 30, 2002 | 95 | Dec 12, 2002 | 169 |
Volatility
Volatility Chart
The current MainStay Candriam Emerging Markets Debt Fund volatility is 1.32%, 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.