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MainStay High Yield Corporate Bond I (MHYIX) Fund Ranking and Research

Ranking, Research and Recommendation of MainStay High Yield Corporate Bond I (MHYIX) Fund

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

 

Graph of MainStay High Yield Corporate Bond I Fund (MHYIX) ManagerFund Manager - Andrew Susser

Fund Manager Information

Fund Manager Tenure: 7.2 years
Similar Funds: MHYRX  MHHIX 
Fund Family: MainStay
Fund Category: High Yield Bond
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.75)     (What does this score mean?)

 

Graph of MainStay High Yield Corporate Bond I Fund (MHYIX) ProfileMainStay High Yield Corporate Bond I Fund (MHYIX) Profile

Fund Profile and Description

MainStay High Yield Corporate Bond I Fund seeks current income; capital appreciation is a secondary consideration. MainStay High Yield Corporate Bond I Fund invests at least 80% of assets (net assets plus any borrowings for investment purposes) in high-yield corporate debt securities, including all types of high-yield domestic and foreign corporate debt securities that are rated below investment grade by Moody's Investor Service ("Moody's") or Standard & Poor's ("S&P") or that are unrated but that the Subadvisor considers to be of comparable quality. It may invest up to 20% of net assets in common stocks and other equity securities.

 

MainStay High Yield Corporate Bond I (MHYIX) Fund Strength What we like about MainStay High Yield Corporate Bond I (MHYIX) Fund

Data for MainStay High Yield Corporate Bond I Fund (MHYIX) as of May 30, 2016

  • MainStay High Yield Corporate Bond I Fund (MHYIX) management has been with MainStay High Yield Corporate Bond I Fund for 7.2 years
  • MainStay High Yield Corporate Bond I Fund (MHYIX) has good short-term performance (1-year return 0.96% vs -2.18% High Yield Bond category median performance)
  • MainStay High Yield Corporate Bond I Fund (MHYIX) has good mid-term performance (3-year return 3.14% vs 2.05% High Yield Bond category median performance)
  • MainStay High Yield Corporate Bond I Fund (MHYIX) has good Long-term performance (5-year return 5.43% vs 4.38% High Yield Bond category median performance)
  • MainStay High Yield Corporate Bond I Fund (MHYIX) ratio of up-years vs down years is greater than 2
  • MainStay High Yield Corporate Bond I Fund (MHYIX) has a Morningstar rating of 4 and above
  • Asset base in MainStay High Yield Corporate Bond I Fund (MHYIX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • MainStay High Yield Corporate Bond I Fund (MHYIX) has an annual stock turnover rate of 38.00% vs High Yield Bond average of 63.72%. It is good that MainStay High Yield Corporate Bond I management does not trade extensively for its return.
  • MainStay High Yield Corporate Bond I Fund (MHYIX) is less volatile than its peers as it has a 3-year Standard Deviation of 5.23, lower than category average of 5.76
  • MainStay High Yield Corporate Bond I Fund (MHYIX) has a lower expense ratio than its High Yield Bond average: 0.71% vs 1.07%
  • MainStay High Yield Corporate Bond I Fund (MHYIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

MainStay High Yield Corporate Bond I Fund (MHYIX) Weakness What we are cautious about MainStay High Yield Corporate Bond I (MHYIX) Fund

Data for MainStay High Yield Corporate Bond I Fund (MHYIX) as of May 30, 2016

See MainStay High Yield Corporate Bond I Fund (MHYIX) performance details as of May 30, 2016

 

What do you think?

 

Compare MainStay High Yield Corporate Bond I Fund (MHYIX)Compare with other top High Yield Bond category mutual funds

Aadditional top High Yield Bond mutual funds for your consideration

FundYear to Date1 Year3 year5 year
MainStay High Yield Corporate Bond I7.010.963.145.43
Eaton Vance High Income Opportunities I (EIHIX)6.240.694.366.18Compare
BlackRock High Yield Bond BlackRock (BRHYX)5.75-2.183.175.58Compare
Buffalo High-Yield (BUFHX)2.740.753.465.03Compare

See top fund managers for High Yield Bond Category Funds

 

Compare MainStay High Yield Corporate Bond I Fund (MHYIX)Compare with High Yield Bond category ETFs

Some High Yield Bond ETFs for your consideration

ETFYear to DateOne YearThree Year
PIMCO 0-5 Year High Yield Corp Bd ETF (HYS)000
SPDR Barclays High Yield Bond ETF (JNK)6.14%-4.91%1.23%
iShares iBoxx $ High Yield Corporate Bd (HYG)5.79%-2.67%2.13%

 

Graph of MainStay High Yield Corporate Bond I Fund (MHYIX) Net Asset TrackingMainStay High Yield Corporate Bond I (MHYIX) Fund Net Asset

Track net asset change of MainStay High Yield Corporate Bond I fund (MHYIX)

DateNet Asset
05/2016$8.91B
03/2016$8.50B
02/2016$8.39B
More historic net asset information on MainStay High Yield Corporate Bond I Fund (MHYIX)

  

Graph of MainStay High Yield Corporate Bond I Fund (MHYIX) Portfolio TrackingMainStay High Yield Corporate Bond I (MHYIX) Fund Portfolio Allocation

Track portfolio allocation change of MainStay High Yield Corporate Bond I fund (MHYIX)

DateCashStockBondOther
12/20154.13%0.33%93.29%0.75%
09/20154.95%0.3%91.77%1.54%
06/20155.11%0.1%91.84%1.91%
Click here to see more historic asset allocation information on MainStay High Yield Corporate Bond I Fund (MHYIX)

 

graph of MainStay High Yield Corporate Bond I Fund (MHYIX) Top 10 Position TrackingTop 10 Holdings in MainStay High Yield Corporate Bond I (MHYIX) Fund

Discover what MainStay High Yield Corporate Bond I Fund (MHYIX) manager is buying

Dec 30, 2015
Crown Castle Intl 5.25% [1.24%]
Virgin Media Secd Fin 5.25% [1.02%]
Carlson Wagonlit Bv 144A 6.875% [0.86%]
Nielsen Fin Llc/ Nielsen Fin 144A 5% [0.8%]
Match Grp 144A 6.75% [0.77%]
Carlson Travel Hldgs 144A 7.5% [0.75%]
Mens Wearhouse 7% [0.75%]
Schaeffler Fin B V 144A 6.875% [0.74%]
Smurfit Cap Fdg 7.5% [0.7%]
Mph Merger Sub 144A 6.625% [0.69%]

Sep 29, 2015
Crown Castle Intl 5.25% [1.2%]
Virgin Media Secd Fin 5.25% [0.97%]
Nielsen Fin Llc/ Nielsen Fin 144A 5% [0.88%]
Carlson Wagonlit Bv 144A 6.875% [0.83%]
Schaeffler Fin B V 144A 6.875% [0.71%]
Carlson Travel Hldgs 144A 7.5% [0.71%]
Smurfit Cap Fdg 7.5% [0.69%]
Mph Merger Sub 144A 6.625% [0.67%]
Exide Tech Cv 7% [0.64%]
Mens Wearhouse 7% [0.62%]

Jun 29, 2015
Crown Castle Intl 5.25% [1.09%]
Virgin Media Secd Fin 5.25% [0.93%]
Nielsen Fin Llc/ Nielsen Fin 144A 5% [0.88%]
Carlson Wagonlit Bv 144A 6.875% [0.8%]
Stone Engy 7.5% [0.69%]
Schaeffler Fin B V 144A 6.875% [0.68%]
Carlson Travel Hldgs 144A 7.5% [0.68%]
Smurfit Cap Fdg 7.5% [0.66%]
Mph Merger Sub 144A 6.625% [0.63%]
Mens Wearhouse 7% [0.61%]
Click here for Stock Holding Change Map in MainStay High Yield Corporate Bond I Fund (MHYIX)

  

Latest News on MainStay High Yield Corporate Bond I (MHYIX) Fund

See what is happening with MainStay High Yield Corporate Bond I Fund (MHYIX)

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MainStay High Yield Corporate Bond I Fund (MHYIX) Related ResourcesSee more information on MainStay High Yield Corporate Bond I (MHYIX) Fund

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