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Fund Intelligence | Best Managers | MGHAX Insights | MGHAX Score | MGHAX Performance | MGHAX Manager | MGHAX News | MGHAX Allocation | MGHAX Holdings Change

Mutual Fund Insights: MainStay Global High Income A Fund (MGHAX)

In-depth Analysis of MainStay Global High Income A Fund (MGHAX)

Mutual fund chart: MainStay Global High Income A Fund (MGHAX)

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See MainStay Global High Income A Fund (MGHAX) performance details as of January 31, 2010

  

    Last Trade: $11.52 on 3/16/2010, Change: +0.02 (0.17%)

  

Fund Manager - Gary L. Goodenough

Fund Manager Tenure: 6.2 years   [Similar Funds: MGHBX  MGHHX  MGHIX ]
Fundmojo Fund Grade: C (Score: 0.56)     (What does this score mean?)
Goodenough is currently a portfolio manager with New York Life Investment Management LLC from 2000. Prior to that, he is a portfolio manager and a managing director and co-head of the Bond Team at MacKay Shields, his employer since May 2000. Goodenough previously held a position as a vice president and portfolio manager with Loomis Sayles & Company from 1993 to 2000. Prior to this, He served as a managing director at both Bear Sterns and Salomon Brothers.  Get more insights on Gary L. Goodenough

  

What we like about MainStay Global High Income A Fund (MGHAX) What we like about MainStay Global High Income A Fund (MGHAX)

Data for MainStay Global High Income A Fund (MGHAX) as of January 31, 2010

  • MainStay Global High Income A Fund (MGHAX) management has been with MainStay Global High Income A Fund for 6.2 years
  • MainStay Global High Income A Fund (MGHAX) has good short-term performance (1-year return 34.61% vs 33.50% Emerging Markets Bond category average)
  • MainStay Global High Income A Fund (MGHAX) has good mid-term performance (3-year return 6.02% vs 5.62% Emerging Markets Bond category average)
  • MainStay Global High Income A Fund (MGHAX) has good Long-term performance (5-year return 7.74% vs 7.22% Emerging Markets Bond category average)
  • MainStay Global High Income A Fund (MGHAX) ratio of up-years vs down years is greater than 2

  

What we are cautious about MainStay Global High Income A Fund (MGHAX) What we are cautious about MainStay Global High Income A Fund (MGHAX)

Data for MainStay Global High Income A Fund (MGHAX) as of January 31, 2010

  • MainStay Global High Income A Fund (MGHAX) has a Morningstar rating of 3 and below
  • MainStay Global High Income A Fund (MGHAX) is less safe compared to its Emerging Markets Bond peers
  • MainStay Global High Income A Fund (MGHAX) has an annual stock turnover rate of 133.00% that is higher than the Emerging Markets Bond average of 100.75%. This could mean MainStay Global High Income A is more nimble, but also signal potential high tax impact and high trading fees
  • MainStay Global High Income A Fund (MGHAX) does not have a good risk adjusted return as its 3-year Alpha of -5.46 is worse than category average of -4.65, and its 3-year Sharpe ratio is 0.33
  • MainStay Global High Income A Fund (MGHAX) is more volatile than its peers as it has a 3-year Standard Deviation of 15.27 that is higher than category average of 15.21
  • MainStay Global High Income A Fund (MGHAX) has a higher management fee of 1.35% than its Emerging Markets Bond average of 1.32%
  • MainStay Global High Income A Fund (MGHAX) carries a 4.5% load
See MainStay Global High Income A Fund (MGHAX) performance details as of January 31, 2010

  

  

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MainStay Global High Income A Fund (MGHAX) Net Asset

Track net asset change of MainStay Global High Income A fund (MGHAX)

DateNet Asset
01/2010$137.76M
11/2009$126.46M
10/2009$119.04M
More historic net asset information on MainStay Global High Income A Fund (MGHAX)

  

MainStay Global High Income A Fund (MGHAX) Portfolio Allocation

Track portfolio allocation change of MainStay Global High Income A fund (MGHAX)

DateCashStockBondOther
11/20094.76%0%95.24%0%
09/20097.04%0%92.92%0.04%
08/20092.22%0%97.77%0%
Click here to see more historic asset allocation information on MainStay Global High Income A Fund (MGHAX)

  

Most Recent Top 10 Holdings in MainStay Global High Income A Fund (MGHAX)

Discover what MainStay Global High Income A Fund (MGHAX) manager is buying

30-Nov-09
Indonesia Rep 144A 11.625% [5.84%]
Republic Of Turkey 7.375% [2.97%]
Russian Federation 7.5% [2.66%]
Philippines Rep 9.5% [2.65%]
Agribank Fcb 144A 9.125% [2.61%]
Vale Overseas 6.875% [2.58%]
ARGENTINA REP [2.51%]
Pemex Proj Fdg Master Tr 5.75% [2.44%]
Alrosa Fin Sa 8.875% [2.39%]
Petro Co Trinidad & Tobago 144A 9.75% [2.34%]

30-Sep-09
Indonesia (Rep Of) 11.625% [6.81%]
Republic Of Turkey 7.375% [3.38%]
Philippines Rep 9.5% [3.1%]
Russian Federation 7.5% [2.99%]
US Treasury Bond (Fut) [2.96%]
Pemex Proj Fdg Master Tr 5.75% [2.77%]
BOLIVARIAN REPUBLIC VENEZUELA [2.77%]
Agribank Fcb 144A 9.125% [2.33%]
REPUBLICA ORIENTAL DEL URUGUAY [2.31%]
Rshb Cap S.A. 6.97% [2.26%]

31-Aug-09
Indonesia (Rep Of) 11.625% [7.36%]
Republic Of Turkey 7.375% [3.7%]
Philippines Rep 9.5% [3.36%]
ARGENTINA REP [3.28%]
Pemex Proj Fdg Master Tr 5.75% [3.06%]
BOLIVARIAN REPUBLIC VENEZUELA [2.81%]
Russian Federation 7.5% [2.8%]
Brazil Federative Rep 8.25% [2.65%]
REPUBLICA ORIENTAL DEL URUGUAY [2.54%]
AGRIBANK FCB [2.47%]
Click here for Stock Holding Change Map in MainStay Global High Income A Fund (MGHAX)

  

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Latest News on MainStay Global High Income A (MGHAX)

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