NYLIM MacKay High Yield Corporate Bond Class A (MHCAX)

Fund Assets	9.97B
Expense Ratio	0.975%
Min. Investment	$15,000
Turnover	34.00%
Dividend (ttm)	0.30
Dividend Yield	5.96%
Dividend Growth	-4.36%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 30, 2026

Previous Close	5.01
YTD Return	1.07%
1-Year Return	2.30%
5-Year Return	59.21%
52-Week Low	4.98
52-Week High	5.24
Beta (5Y)	0.39
Holdings	665
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.

• Fund Family: New York Life Investment Management LLC
• Category: High Yield Bond
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MHCAX
• Share Class: Class A
• Index: ICE BofA US High Yield Constrained TR

Performance

MHCAX had a total return of 2.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.75%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MHYSX	Class R6	0.57%
MHYIX	Class I	0.72%
MHYRX	Class R2	1.07%
MHHIX	Investor Class	1.16%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 30, 2026	$0.02521	Oct 30, 2026
Sep 30, 2026	$0.02403	Sep 30, 2026
Aug 31, 2026	$0.02422	Aug 31, 2026
Jul 31, 2026	$0.02551	Jul 31, 2026
Jun 30, 2026	$0.02484	Jun 30, 2026
May 29, 2026	$0.02521	May 29, 2026

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:

Nov 9, 2026

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