NYLIM MacKay Convertible Class C (MCCVX)

Fund Assets	1.83B
Expense Ratio	1.977%
Min. Investment	$1,000
Turnover	40.00%
Dividend (ttm)	0.28
Dividend Yield	1.35%
Dividend Growth	-17.02%
Payout Frequency	n/a
Ex-Dividend Date	Dec 8, 2025

Previous Close	21.51
YTD Return	9.26%
1-Year Return	11.99%
5-Year Return	22.92%
52-Week Low	18.90
52-Week High	23.14
Beta (5Y)	0.78
Holdings	109
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.

• Fund Family: New York Life Investment Management LLC
• Category: Convertibles
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MCCVX
• Share Class: Class C
• Index: ICE BofA All Convertibles/Qlt TR

Performance

MCCVX had a total return of 11.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.44%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
FACVX	Fidelity	Fidelity Advisor Convertible Secs A	0.95%
FCCVX	Fidelity	Fidelity Advisor Convertible Secs C	1.71%
FCVSX	Fidelity	Fidelity Convertible Securities Fund	0.63%
FICVX	Fidelity	Fidelity Advisor Convertible Secs I	0.67%
FIQVX	Fidelity	Fidelity Advisor Convertible Secs Z	0.57%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MCNVX	Class I	0.61%
MCOAX	Class A	0.93%
MCINX	Investor Class	1.16%

Top 10 Holdings

25.73% of assets

Name	Symbol	Weight
NYLIM U.S. Government Liquidity Class I	MUSXX	6.93%
Alphabet Inc PRF PERPETUAL USD 1000 - 1/20th Int Ser A	GOOGL.6.25 05.15.29 A	2.95%
Welltower OP LLC 3.125%	WELL.3.125 07.15.29	2.80%
Western Digital Corp. 3%	WDC.3 11.15.28	2.48%
Lumentum Holdings Inc. 0.5%	LITE.0.5 06.15.28	2.09%
Snowflake Inc 0%	SNOW.0 10.01.27	1.86%
Hewlett Packard Enterprise Co 7.625% PRF CONVERT 01/09/2027 USD 50 - Ser C	HPE.7.625 09.01.27	1.71%
Revolution Medicines Inc 0.5%	RVMD.0.5 05.01.33	1.66%
IMAX Corporation 0.75%	IMAX.0.75 11.15.30	1.65%
Tetra Tech Inc 2.25%	TTEK.2.25 08.15.28	1.60%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 8, 2025	$1.48949	Dec 8, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Nov 7, 2026

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