NYLI MacKay Convertible Class I (MCNVX)

Fund Assets	1.86B
Expense Ratio	0.61%
Min. Investment	$5,000,000
Turnover	40.00%
Dividend (ttm)	1.75
Dividend Yield	7.33%
Dividend Growth	70.34%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 30, 2026

Previous Close	23.55
YTD Return	20.64%
1-Year Return	30.30%
5-Year Return	50.59%
52-Week Low	19.60
52-Week High	24.10
Beta (5Y)	0.78
Holdings	111
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.

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

Performance

MCNVX had a total return of 30.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.65%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MCOAX	Class A	0.93%
MCINX	Investor Class	1.16%
MCCVX	Class C	1.91%

Top 10 Holdings

27.47% of assets

Name	Symbol	Weight
NYLI U.S. Government Liquidity Class I	MUSXX	7.08%
Western Digital Corp. 3%	WDC.3 11.15.28	3.47%
Alphabet Inc PRF PERPETUAL USD 1000 - 1/20th Int Ser A	GOOGL.6.25 05.15.29 A	3.05%
Welltower OP LLC 3.125%	WELL.3.125 07.15.29	2.65%
MKS Inc. 1.25%	MKSI.1.25 06.01.30	2.45%
Us Dollar	n/a	2.08%
Lumentum Holdings Inc. 0.5%	LITE.0.5 06.15.28	1.93%
Lantheus Holdings Inc 2.625%	LNTH.2.625 12.15.27	1.83%
Tetra Tech Inc 2.25%	TTEK.2.25 08.15.28	1.47%
Hewlett Packard Enterprise Co 7.625% PRF CONVERT 01/09/2027 USD 50 - Ser C	HPE.7.625 09.01.27	1.46%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 30, 2026	$0.0586	Jun 30, 2026
Mar 31, 2026	$0.0509	Mar 31, 2026
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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 7, 2026

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