NYLI MacKay Convertible Investor Class (MCINX)
| Fund Assets | 1.64B |
| Expense Ratio | 1.16% |
| Min. Investment | $1,000 |
| Turnover | 40.00% |
| Dividend (ttm) | 1.68 |
| Dividend Yield | 7.49% |
| Dividend Growth | 93.82% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 8, 2025 |
| Previous Close | 21.28 |
| YTD Return | 0.38% |
| 1-Year Return | 15.42% |
| 5-Year Return | 21.64% |
| 52-Week Low | 16.79 |
| 52-Week High | 22.54 |
| Beta (5Y) | n/a |
| Holdings | 109 |
| Inception Date | Feb 28, 2008 |
About MCINX
NYLI MacKay Convertible Fund Investor Class is an open-end mutual fund focused on achieving **capital appreciation and current income** through investing primarily in **convertible securities**. Convertible securities are hybrid instruments, typically bonds or preferred stocks that can be converted into a predetermined number of common shares, offering a balance between fixed income and equity characteristics. The fund employs a targeted approach, concentrating on balanced convertibles that seek to capture upside potential while limiting downside risk, thereby positioning itself as a total return strategy with an emphasis on **risk management**. Managed by an experienced team, the fund is recognized for its conservative and often cash-heavy portfolio, which can provide resilience during market downturns. Its holdings span across various sectors, with a significant portion in corporate convertible bonds, and a small allocation to cash and equivalents for flexibility. The NYLI MacKay Convertible Fund Investor Class serves investors looking for a blend of equity and fixed income exposure, offering diversification benefits and a strategic role within portfolios seeking to temper volatility while participating in market growth.
Performance
MCINX had a total return of 15.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.99%.
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 | 0.55% |
| FTCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class M | 1.19% |
| FCCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class C | 1.71% |
| FICVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class I | 0.68% |
| FACVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class A | 0.94% |
Top 10 Holdings
23.82% of assets| Name | Symbol | Weight |
|---|---|---|
| Mainstay Funds Trust - Main US Government Liquidity Fund | MUSXX | 5.38% |
| Welltower OP LLC 3.125% | WELL.3.125 07.15.29 | 2.71% |
| Lumentum Holdings Inc. 0.5% | LITE.0.5 06.15.28 | 2.52% |
| Mirum Pharmaceuticals Inc. 4% | MIRM.4 05.01.29 | 2.10% |
| Western Digital Corp. 3% | WDC.3 11.15.28 | 2.00% |
| Advanced Energy Industries, Inc. 2.5% | AEIS.2.5 09.15.28 | 1.90% |
| Tetra Tech Inc 2.25% | TTEK.2.25 08.15.28 | 1.84% |
| QXO Inc 5.50% PRF CONVERT 15/05/2028 USD 50 - Dep Rep 1/20th Ser B | QXO.5.5 05.15.28 | 1.82% |
| Merit Medical Systems Inc. 3% | MMSI.3 02.01.29 | 1.80% |
| Lantheus Holdings Inc 2.625% | LNTH.2.625 12.15.27 | 1.75% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 8, 2025 | $1.52726 | Dec 8, 2025 |
| Sep 30, 2025 | $0.0535 | Sep 30, 2025 |
| Jun 30, 2025 | $0.0491 | Jun 30, 2025 |
| Mar 31, 2025 | $0.0484 | Mar 31, 2025 |
| Dec 16, 2024 | $0.77549 | Dec 16, 2024 |
| Sep 30, 2024 | $0.0409 | Sep 30, 2024 |