NYLI MacKay Convertible Class A (MCOAX)
| Fund Assets | 1.57B |
| Expense Ratio | 0.96% |
| Min. Investment | $15,000 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.96 |
| Dividend Yield | 4.59% |
| Dividend Growth | 31.26% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 19.82 |
| YTD Return | 7.99% |
| 1-Year Return | 12.87% |
| 5-Year Return | 46.62% |
| 52-Week Low | 17.21 |
| 52-Week High | 20.14 |
| Beta (5Y) | n/a |
| Holdings | 103 |
| Inception Date | Jan 3, 1995 |
About MCOAX
NYLI MacKay Convertible Fund Class A is a mutual fund focused on convertible securities, operated by New York Life Investment Management since 1995. Its primary objective is to deliver both capital appreciation and current income by investing at least 80% of its assets in convertible instruments, such as bonds, debentures, corporate notes, and preferred stocks that can be converted into common equity or their cash equivalents. The fund is actively managed with a strategy that blends elements of equity and fixed income investing, seeking opportunities among convertibles exhibiting strong prospects for growth while maintaining an emphasis on risk management. This approach is designed to capture upside potential with a degree of downside protection, appealing to investors looking for a middle ground between stocks and bonds. The fund’s diversified holdings span over 100 securities, impacting a range of sectors tied to corporate issuers. Dividends are distributed quarterly, and the fund is recognized for its disciplined, research-driven investment process and a seasoned management team. NYLI MacKay Convertible Fund Class A plays a significant role in the market by providing access to the hybrid convertible asset class, supporting portfolio diversification and offering participation in both income and equity market returns.
Performance
MCOAX had a total return of 12.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.73%.
Top 10 Holdings
21.58% of assets| Name | Symbol | Weight |
|---|---|---|
| Mainstay Funds Trust - Main US Government Liquidity Fund | MUSXX | 3.19% |
| NRG Energy, Inc. 2.75% | NRG.2.75 06.01.48 | 2.58% |
| Lantheus Holdings Inc 2.625% | LNTH.2.625 12.15.27 | 2.45% |
| Merit Medical Systems Inc. 3% | MMSI.3 02.01.29 | 2.06% |
| Tetra Tech Inc 2.25% | TTEK.2.25 08.15.28 | 1.95% |
| Post Holdings Inc. 2.5% | POST.2.5 08.15.27 | 1.94% |
| Southwest Airlines Co. 1.25% | LUV.1.25 05.01.25 | 1.90% |
| Integer Holdings Corp. 1.875% | ITGR.1.875 03.15.30 | 1.86% |
| Exact Sciences Corporation 1.75% | EXAS.1.75 04.15.31 | 1.85% |
| Booking Holdings Inc 0.75% | BKNG.0.75 05.01.25 | 1.78% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.0624 | Jun 30, 2025 |
| Mar 31, 2025 | $0.0604 | Mar 31, 2025 |
| Dec 16, 2024 | $0.7873 | Dec 16, 2024 |
| Sep 30, 2024 | $0.0531 | Sep 30, 2024 |
| Jun 28, 2024 | $0.0456 | Jun 28, 2024 |
| Mar 28, 2024 | $0.0278 | Mar 28, 2024 |