NYLI MacKay Convertible Class A (MCOAX)

Fund Assets	1.90B
Expense Ratio	0.93%
Min. Investment	$15,000
Turnover	40.00%
Dividend (ttm)	1.68
Dividend Yield	6.77%
Dividend Growth	74.57%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 30, 2026

Previous Close	23.47
YTD Return	19.07%
1-Year Return	28.37%
5-Year Return	46.49%
52-Week Low	19.54
52-Week High	24.01
Beta (5Y)	0.78
Holdings	111
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.

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

Performance

MCOAX had a total return of 28.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.28%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MCNVX	Class I	0.61%
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	$0.04174	Jun 30, 2026
Mar 31, 2026	$0.03506	Mar 31, 2026
Dec 8, 2025	$1.53813	Dec 8, 2025
Sep 30, 2025	$0.0665	Sep 30, 2025
Jun 30, 2025	$0.0624	Jun 30, 2025
Mar 31, 2025	$0.0604	Mar 31, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 8, 2026

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