NYLI MacKay Convertible Class C (MCCVX)
| Fund Assets | 1.55B |
| Expense Ratio | 1.91% |
| Min. Investment | $1,000 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.77 |
| Dividend Yield | 3.98% |
| Dividend Growth | n/a |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 19.32 |
| YTD Return | 7.35% |
| 1-Year Return | 9.68% |
| 5-Year Return | 41.72% |
| 52-Week Low | 16.67 |
| 52-Week High | 19.51 |
| Beta (5Y) | n/a |
| Holdings | 103 |
| 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 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.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIQVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class Z | 0.60% |
| FTCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class M | 1.24% |
| FCCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class C | 1.76% |
| FICVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class I | 0.72% |
| FACVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class A | 0.99% |
Top 10 Holdings
21.58% of assets| Name | Symbol | Weight |
|---|---|---|
| Mainstay Funds Trust - Main US Government Liquidity Fund | MUSXX | 3.19% |
| NRG Energy, Inc. 2.75% | NRG.2.75 06.01.48 | 2.58% |
| Lantheus Holdings Inc 2.625% | LNTH.2.625 12.15.27 | 2.45% |
| Merit Medical Systems Inc. 3% | MMSI.3 02.01.29 | 2.06% |
| Tetra Tech Inc 2.25% | TTEK.2.25 08.15.28 | 1.95% |
| Post Holdings Inc. 2.5% | POST.2.5 08.15.27 | 1.94% |
| Southwest Airlines Co. 1.25% | LUV.1.25 05.01.25 | 1.90% |
| Integer Holdings Corp. 1.875% | ITGR.1.875 03.15.30 | 1.86% |
| Exact Sciences Corporation 1.75% | EXAS.1.75 04.15.31 | 1.85% |
| Booking Holdings Inc 0.75% | BKNG.0.75 05.01.25 | 1.78% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jun 30, 2023 | $0.0048 | Jun 30, 2023 |