NYLI MacKay Convertible Class C (MCCVX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
19.38
+0.06 (0.31%)
Jul 22, 2025, 4:00 PM EDT
0.31%
Fund Assets1.55B
Expense Ratio1.91%
Min. Investment$1,000
Turnover35.00%
Dividend (ttm)0.77
Dividend Yield3.98%
Dividend Growthn/a
Payout FrequencyQuarterly
Ex-Dividend DateJun 30, 2025
Previous Close19.32
YTD Return7.35%
1-Year Return9.68%
5-Year Return41.72%
52-Week Low16.67
52-Week High19.51
Beta (5Y)n/a
Holdings103
Inception DateSep 1, 1998

About MCCVX

NYLI MacKay Convertible Fund Class C is a mutual fund focused on convertible securities, primarily investing in convertible bonds issued by U.S. entities. Its primary objective is to achieve a balance of capital appreciation and current income by targeting convertibles that offer strong risk-return characteristics. The fund pursues a balanced, total return strategy, using a disciplined valuation process with a notable emphasis on risk management and capital preservation. Managed by a highly experienced investment team, the fund maintains a diversified portfolio that blends corporate convertible issues with a conservative, often cash-heavy allocation to help reduce downside risk during market turbulence. It is recognized for its ability to weather volatile periods, thanks to its selective and valuation-driven approach. In the financial market, the fund serves as a hybrid investment vehicle, bridging the gap between traditional bonds and equities, and providing investors with exposure to both fixed income characteristics and potential equity upside. The NYLI MacKay Convertible Fund Class C plays a significant role for investors seeking total return with moderated volatility within the convertible securities category.

Fund Family New York Life Investment Management LLC
Category Convertibles
Stock Exchange NASDAQ
Ticker Symbol MCCVX
Share Class Class C
Index ICE BofA All Convertibles/Qlt TR

Performance

MCCVX had a total return of 9.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.20%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
FIQVXFidelityFidelity Advisor Convertible Securities Fund - Class Z0.60%
FTCVXFidelityFidelity Advisor Convertible Securities Fund - Class M1.24%
FCCVXFidelityFidelity Advisor Convertible Securities Fund - Class C1.76%
FICVXFidelityFidelity Advisor Convertible Securities Fund - Class I0.72%
FACVXFidelityFidelity Advisor Convertible Securities Fund - Class A0.99%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
MCNVXClass I0.61%
MCOAXClass A0.96%
MCINXInvestor Class1.16%

Top 10 Holdings

21.58% of assets
NameSymbolWeight
Mainstay Funds Trust - Main US Government Liquidity FundMUSXX3.19%
NRG Energy, Inc. 2.75%NRG.2.75 06.01.482.58%
Lantheus Holdings Inc 2.625%LNTH.2.625 12.15.272.45%
Merit Medical Systems Inc. 3%MMSI.3 02.01.292.06%
Tetra Tech Inc 2.25%TTEK.2.25 08.15.281.95%
Post Holdings Inc. 2.5%POST.2.5 08.15.271.94%
Southwest Airlines Co. 1.25%LUV.1.25 05.01.251.90%
Integer Holdings Corp. 1.875%ITGR.1.875 03.15.301.86%
Exact Sciences Corporation 1.75%EXAS.1.75 04.15.311.85%
Booking Holdings Inc 0.75%BKNG.0.75 05.01.251.78%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jun 30, 2025$0.0156Jun 30, 2025
Mar 31, 2025$0.0119Mar 31, 2025
Dec 16, 2024$0.73935Dec 16, 2024
Sep 30, 2024$0.0065Sep 30, 2024
Dec 14, 2023$0.57158Dec 14, 2023
Jun 30, 2023$0.0048Jun 30, 2023
Full Dividend History