NYLI MacKay High Yield Corp Bond Cl R6 (MHYSX)
| Fund Assets | 11.13B |
| Expense Ratio | 0.60% |
| Min. Investment | $1,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 6.35% |
| Dividend Growth | -0.28% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 5.19 |
| YTD Return | 3.85% |
| 1-Year Return | 4.24% |
| 5-Year Return | 101.78% |
| 52-Week Low | 5.03 |
| 52-Week High | 5.26 |
| Beta (5Y) | n/a |
| Holdings | 628 |
| Inception Date | Jun 17, 2013 |
About MHYSX
NYLI MacKay High Yield Corporate Bond Fund Class R6 is a mutual fund specializing in high-yield corporate bonds. The fund's primary objective is to generate maximum current income by investing predominantly in a diversified portfolio of lower-rated, non-investment grade corporate debt securities, often referred to as 'junk bonds.' Capital appreciation serves as a secondary goal. This fund is managed by an experienced, dedicated team at MacKay Shields, whose investment process emphasizes rigorous, fundamental credit analysis and disciplined risk management, balancing higher income potential with a careful approach to credit and market risks. With a focus on the U.S. high-yield bond market, it holds a broad array of securities across various sectors, encompassing over 600 distinct holdings as of mid-2025. The fund typically maintains a below-average expense ratio relative to peers, aiming to enhance net returns for shareholders. Monthly income distributions further support its role as a source of regular cash flow for retirement and institutional investors. The NYLI MacKay High Yield Corporate Bond Fund Class R6 stands out in its category for stable management and a diversified, risk-aware approach, making it a key vehicle for investors seeking exposure to higher-yielding fixed income within the corporate bond universe.
Performance
MHYSX had a total return of 4.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.22%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
5.85% of assets| Name | Symbol | Weight |
|---|---|---|
| Great Outdoors Group LLC, First Lien Term Loan B | n/a | 0.89% |
| TransDigm, Inc. | TDG.6.375 03.01.29 144A | 0.72% |
| Clarivate Science Holdings Corp. | CLVTSC.4.875 07.01.29 144A | 0.60% |
| JB Poindexter & Co., Inc. | JBPOIN.8.75 12.15.31 144A | 0.55% |
| Jane Street Group | JANEST.7.125 04.30.31 144A | 0.54% |
| Talen Energy Supply LLC | TLN.8.625 06.01.30 144A | 0.53% |
| Jazz Securities DAC | JAZZ.4.375 01.15.29 144A | 0.52% |
| Mineral Resources Ltd. | MINAU.8.125 05.01.27 144A | 0.50% |
| Innophos Holdings, Inc. | IPHS.11.5 06.15.29 144A | 0.50% |
| Quikrete Holdings, Inc. | QUIKHO.6.375 03.01.32 144A | 0.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.0279 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0281 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0297 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0276 | Jun 30, 2025 |
| May 30, 2025 | $0.0284 | May 30, 2025 |
| Apr 30, 2025 | $0.0284 | Apr 30, 2025 |