NYLI MacKay Convertible Class C (MCCVX)
| Fund Assets | 1.63B |
| Expense Ratio | 1.91% |
| Min. Investment | $1,000 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.78 |
| Dividend Yield | 3.91% |
| Dividend Growth | 35.63% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 20.06 |
| YTD Return | 9.62% |
| 1-Year Return | 8.43% |
| 5-Year Return | 35.05% |
| 52-Week Low | 16.67 |
| 52-Week High | 20.16 |
| Beta (5Y) | n/a |
| Holdings | 105 |
| Inception Date | Sep 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.
Performance
MCCVX had a total return of 8.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.22%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
23.36% of assets| Name | Symbol | Weight |
|---|---|---|
| Mainstay Funds Trust - Main US Government Liquidity Fund | MUSXX | 7.07% |
| Welltower OP LLC 3.125% | WELL.3.125 07.15.29 | 2.47% |
| Mirum Pharmaceuticals Inc. 4% | n/a | 1.92% |
| Tetra Tech Inc 2.25% | TTEK.2.25 08.15.28 | 1.87% |
| Merit Medical Systems Inc. 3% | MMSI.3 02.01.29 | 1.79% |
| Seagate HDD Cayman 3.5% | STX.3.5 06.01.28 | 1.74% |
| Post Holdings Inc. 2.5% | POST.2.5 08.15.27 | 1.74% |
| Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A | BA.6 10.15.27 | 1.61% |
| Lantheus Holdings Inc 2.625% | LNTH.2.625 12.15.27 | 1.59% |
| Integer Holdings Corp. 1.875% | ITGR.1.875 03.15.30 | 1.57% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.0172 | Sep 30, 2025 |
| Jun 30, 2025 | $0.0156 | Jun 30, 2025 |
| Mar 31, 2025 | $0.0119 | Mar 31, 2025 |
| Dec 16, 2024 | $0.73935 | Dec 16, 2024 |
| Sep 30, 2024 | $0.0065 | Sep 30, 2024 |
| Dec 14, 2023 | $0.57158 | Dec 14, 2023 |