NYLI MacKay High Yield Corporate Bond Class A (MHCAX)
| Fund Assets | 10.47B |
| Expense Ratio | 0.99% |
| Min. Investment | $15,000 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 5.78% |
| Dividend Growth | 4.48% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 5.19 |
| YTD Return | 5.19% |
| 1-Year Return | 10.48% |
| 5-Year Return | 72.77% |
| 52-Week Low | 5.04 |
| 52-Week High | 5.43 |
| Beta (5Y) | n/a |
| Holdings | 619 |
| Inception Date | Jan 3, 1995 |
About MHCAX
NYLI MacKay High Yield Corporate Bond Class A is a mutual fund that seeks maximum current income by investing at least 80% of its assets in a diversified portfolio of high-yield corporate debt securities, rated below investment grade or unrated but deemed comparable in quality, with capital appreciation as a secondary goal. Managed by experienced credit specialists at MacKay Shields with over 40 years in fixed-income investing, it employs a disciplined process combining bottom-up fundamental credit analysis and proprietary relative-value discipline to manage risk effectively. The fund features lower exposure to the riskiest CCC-rated bonds compared to benchmarks, contributing to reduced credit risk while aiming for equity-like returns with lower volatility and outperformance across market cycles. High-yield bonds provide attractive income potential over traditional fixed-income, alongside diversification benefits due to low correlation with other sectors. Supporting a total net asset base exceeding $11 billion, it holds over 600 securities, including notable positions in issuers like Great Outdoors Group and TransDigm, and intends monthly distributions from net investment income. Class A shares carry a maximum 4.5% initial sales charge and 0.96% expense ratio.
Performance
MHCAX had a total return of 10.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.06%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.02291 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02528 | Jan 30, 2026 |
| Dec 18, 2025 | $0.02797 | Dec 18, 2025 |
| Nov 28, 2025 | $0.0254 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0269 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0263 | Sep 30, 2025 |