NYLI MacKay Convertible Class I (MCNVX)
| Fund Assets | 1.90B |
| Expense Ratio | 0.61% |
| Min. Investment | $5,000,000 |
| Turnover | 40.00% |
| Dividend (ttm) | 1.75 |
| Dividend Yield | 7.37% |
| Dividend Growth | 70.34% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 23.49 |
| YTD Return | 18.82% |
| 1-Year Return | 28.72% |
| 5-Year Return | 48.20% |
| 52-Week Low | 19.60 |
| 52-Week High | 24.10 |
| Beta (5Y) | 0.78 |
| Holdings | 115 |
| 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 28.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.61%.
Top 10 Holdings
27.77% of assets| Name | Symbol | Weight |
|---|---|---|
| Mainstay Funds Trust - Main US Government Liquidity Fund | MUSXX | 6.49% |
| Western Digital Corp. 3% | WDC.3 11.15.28 | 4.90% |
| Lumentum Holdings Inc. 0.5% | LITE.0.5 06.15.28 | 2.93% |
| Welltower OP LLC 3.125% | WELL.3.125 07.15.29 | 2.47% |
| Advanced Energy Industries, Inc. 2.5% | AEIS.2.5 09.15.28 | 2.17% |
| Seagate HDD Cayman 3.5% | STX.3.5 06.01.28 | 2.03% |
| MKS Inc. 1.25% | MKSI.1.25 06.01.30 | 1.87% |
| Lantheus Holdings Inc 2.625% | LNTH.2.625 12.15.27 | 1.74% |
| Planet Labs Pbc 0.5% | PL.0.5 10.15.30 | 1.70% |
| Tetra Tech Inc 2.25% | TTEK.2.25 08.15.28 | 1.48% |
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 |