NYLI MacKay Convertible Class I (MCNVX)
| Fund Assets | 1.64B |
| Expense Ratio | 0.61% |
| Min. Investment | $5,000,000 |
| Turnover | 40.00% |
| Dividend (ttm) | 1.79 |
| Dividend Yield | 8.37% |
| Dividend Growth | 83.37% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 8, 2025 |
| Previous Close | 21.37 |
| YTD Return | 5.74% |
| 1-Year Return | 22.67% |
| 5-Year Return | 35.44% |
| 52-Week Low | 15.88 |
| 52-Week High | 21.50 |
| Beta (5Y) | n/a |
| Holdings | 109 |
| Inception Date | Nov 28, 2008 |
About MCNVX
NYLI MacKay Convertible Fund Class I is an actively managed mutual fund that primarily invests in convertible securities. Its core objective is to achieve capital appreciation and current income by focusing on balanced convertibles, seeking to capture equity upside potential while offering some protection on the downside. The fund applies a research-driven, total return investment strategy, underpinned by disciplined valuation and a strong emphasis on risk management. Managed by an experienced team with a long tenure, the fund typically allocates at least 80% of its assets to convertible instruments, which may include corporate bonds and preferred stocks that can be exchanged for common equity. This approach positions the fund as a flexible solution for investors seeking diversification and reduced volatility compared to pure equity investments. Notably, the fund has been recognized for its risk-adjusted performance, winning a 2023 LSEG Lipper Award in its category. The fund caters to institutional investors and maintains a relatively conservative posture, often holding a significant cash allocation and prioritizing stability during market downturns. Overall, NYLI MacKay Convertible Fund Class I plays a distinctive role in the financial market by bridging fixed income and equity, appealing to investors who value both income and growth potential with moderated risk.
Performance
MCNVX had a total return of 22.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 19.90%.
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 | $1.55399 | Dec 8, 2025 |
| Sep 30, 2025 | $0.0824 | Sep 30, 2025 |
| Jun 30, 2025 | $0.0778 | Jun 30, 2025 |
| Mar 31, 2025 | $0.0752 | Mar 31, 2025 |
| Dec 16, 2024 | $0.80325 | Dec 16, 2024 |
| Sep 30, 2024 | $0.0687 | Sep 30, 2024 |