About MGHHX
MainStay Candriam Emerging Markets Debt Fund Investor Class is a mutual fund that seeks total return through a relative value approach focused on hard currency emerging markets debt. It invests at least 80% of its assets in fixed income securities issued by entities in emerging markets, including sovereign and corporate bonds primarily denominated in hard currencies. The fund employs a rigorous bottom-up and top-down methodology, scoring countries on 23 factors to evaluate relative risk and creditworthiness, while optimizing uncorrelated opportunities to exploit market inefficiencies. Managed by specialists at Candriam, it incorporates ESG considerations into the security selection process, emphasizing fixed income expertise in emerging markets. Holdings typically include debt from regions such as Latin America, Eastern Europe, Africa, the Middle East, and Asia, with a portfolio comprising around 137 securities. This Investor Class share class caters to those seeking exposure to the emerging markets bond sector, providing diversification within the global fixed income landscape.
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 7.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.70%.
