About MGHHX
MainStay Candriam Emerging Markets Debt Fund Investor Class is a **mutual fund** specializing in **debt securities from emerging market countries**. Managed collaboratively by MainStay Investments and Candriam, the fund seeks to provide investors with access to the growth potential and diversification benefits of emerging market fixed income, while carefully managing risk through active portfolio management and broad diversification across countries and currencies. Its primary objective is to generate **current income**, with capital appreciation as a secondary goal. This strategy involves investing at least 80% of assets in government, quasi-sovereign, and corporate bonds issued by emerging market entities, spanning Latin America, Eastern Europe, the Middle East, Africa, and Asia. The fund may hold securities below investment grade, aiming to capture higher yields associated with developing economies. The Investor Class is available to individual investors with a minimum investment requirement. By focusing on emerging market debt, the fund addresses the needs of those looking to diversify traditional bond portfolios and potentially enhance yield, playing a significant role in expanding access to global fixed-income opportunities.
Fund Family New York Life Investment Management LLC
Category Emerging Markets Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol MGHHX
Share Class Investor Class
Index JP Morgan EMBI Global Diversified TR
MGHHX had a total return of 11.18% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.16%.
