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MainStay Convertible A (MCOAX) Fund Ranking and Research

Ranking, Research and Recommendation of MainStay Convertible A (MCOAX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of MainStay Convertible A Fund (MCOAX) ManagerFund Manager - Edward Silverstein

Fund Manager Information

Fund Manager Tenure: 18.6 years
Fund Family: MainStay
Fund Category: Convertibles
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.76)     (What does this score mean?)

 

Graph of MainStay Convertible A Fund (MCOAX) ProfileMainStay Convertible A Fund (MCOAX) Profile

Fund Profile and Description

MainStay Convertible A Fund seeks capital appreciation and current income. MainStay Convertible A Fund normally invests at least 80% of assets in investment-grade convertible securities. It may also invest in nonconvertible corporate debt, equity securities, U.S. government securities, and/or cash or cash equivalents.

 

MainStay Convertible A (MCOAX) Fund Strength What we like about MainStay Convertible A (MCOAX) Fund

Data for MainStay Convertible A Fund (MCOAX) as of May 30, 2016

  • MainStay Convertible A Fund (MCOAX) management has been with MainStay Convertible A Fund for 18.6 years
  • MainStay Convertible A Fund (MCOAX) has good short-term performance (1-year return -4.11% vs -8.61% Convertibles category median performance)
  • MainStay Convertible A Fund (MCOAX) has good mid-term performance (3-year return 6.93% vs 3.66% Convertibles category median performance)
  • MainStay Convertible A Fund (MCOAX) has good Long-term performance (5-year return 5.71% vs 4.30% Convertibles category median performance)
  • MainStay Convertible A Fund (MCOAX) ratio of up-years vs down years is greater than 2
  • MainStay Convertible A Fund (MCOAX) has a Morningstar rating of 4 and above
  • Asset base in MainStay Convertible A Fund (MCOAX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • MainStay Convertible A Fund (MCOAX) has an annual stock turnover rate of 60.00% vs Convertibles average of 84.12%. It is good that MainStay Convertible A management does not trade extensively for its return.
  • MainStay Convertible A Fund (MCOAX) has a lower expense ratio than its Convertibles average: 0.99% vs 1.32%

MainStay Convertible A Fund (MCOAX) Weakness What we are cautious about MainStay Convertible A (MCOAX) Fund

Data for MainStay Convertible A Fund (MCOAX) as of May 30, 2016

  • MainStay Convertible A Fund (MCOAX) is more volatile than its peers as it has a 3-year Standard Deviation of 9.65 that is higher than category average of 9.16
  • MainStay Convertible A Fund (MCOAX) carries a 5.5% load
See MainStay Convertible A Fund (MCOAX) performance details as of May 30, 2016

 

What do you think?

 

Compare MainStay Convertible A Fund (MCOAX)Compare with other top Convertibles category mutual funds

Aadditional top Convertibles mutual funds for your consideration

FundYear to Date1 Year3 year5 year
MainStay Convertible A2.43-4.116.935.71
AllianzGI Convertible D (ANZDX)-0.27-0.6211.129.00Compare
Franklin Convertible Securities Adv (FCSZX)3.48-0.566.656.17Compare
Miller Convertible Bond I (MCIFX)2.87-2.145.575.11Compare

See top fund managers for Convertibles Category Funds

 

Graph of MainStay Convertible A Fund (MCOAX) Net Asset TrackingMainStay Convertible A (MCOAX) Fund Net Asset

Track net asset change of MainStay Convertible A fund (MCOAX)

DateNet Asset
05/2016$795.92M
03/2016$781.11M
02/2016$757.30M
More historic net asset information on MainStay Convertible A Fund (MCOAX)

  

Graph of MainStay Convertible A Fund (MCOAX) Portfolio TrackingMainStay Convertible A (MCOAX) Fund Portfolio Allocation

Track portfolio allocation change of MainStay Convertible A fund (MCOAX)

DateCashStockBondOther
04/20163.51%9.53%1.59%1.54%
02/20161.68%9.61%1.51%1.5%
12/20153.91%10.3%1.62%1.48%
Click here to see more historic asset allocation information on MainStay Convertible A Fund (MCOAX)

 

graph of MainStay Convertible A Fund (MCOAX) Top 10 Position TrackingTop 10 Holdings in MainStay Convertible A (MCOAX) Fund

Discover what MainStay Convertible A Fund (MCOAX) manager is buying

Apr 29, 2016
Jarden Cv 1.875% [3.85%]
Danaher Corp Del Cv [3.02%]
Teleflex Cv 3.875% [2.9%]
Air Lease Cv 3.875% [2.7%]
Xilinx Cv 2.625% [2.6%]
Jpmorgan Chase [2.48%]
Biomarin Pharma Cv 0.75% [2.34%]
Microchip Tech Cv 1.625% [2.3%]
Priceline Grp Cv 1% [2.27%]
Macquarie Infrasct Cv 2.875% [2.27%]

Feb 28, 2016
Jarden Cv 1.875% [3.58%]
Danaher Corp Del Cv [2.94%]
Teleflex Cv 3.875% [2.73%]
Air Lease Cv 3.875% [2.68%]
Xilinx Cv 2.625% [2.67%]
Jpmorgan Chase [2.54%]
Biomarin Pharma Cv 0.75% [2.4%]
Priceline Grp Cv 1% [2.3%]
Macquarie Infrasct Cv 2.875% [2.26%]
Microchip Tech Cv 1.625% [2.22%]

Dec 30, 2015
Jarden Cv 1.875% [3.49%]
Danaher Corp Del Cv [2.76%]
Air Lease Cv 3.875% [2.58%]
Biomarin Pharma Cv 0.75% [2.42%]
Xilinx Cv 2.625% [2.4%]
Teleflex Cv 3.875% [2.27%]
Jpmorgan Chase [2.25%]
Macquarie Infrasct Cv 2.875% [2.15%]
Medidata Solutions Cv 1% [2.13%]
Priceline Grp Cv 1% [2.11%]
Click here for Stock Holding Change Map in MainStay Convertible A Fund (MCOAX)

  

Latest News on MainStay Convertible A (MCOAX) Fund

See what is happening with MainStay Convertible A Fund (MCOAX)

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MainStay Convertible A Fund (MCOAX) Related ResourcesSee more information on MainStay Convertible A (MCOAX) Fund

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