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Mutual Fund Insights: MainStay 130/30 High Yield A Fund (MYHAX)
In-depth Analysis of MainStay 130/30 High Yield A (MYHAX)
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Last Trade: $11.02 on 11/20/2009, Change: -0.01 (-0.09%)
Fund Manager - Dan Roberts
Fund Manager Tenure: 1.9 years [Similar Funds: MYHIX MYHNX MYHYX ]Fundmojo Fund Grade: N/A (Score: *manager is new*) (What does this score mean?)Dan Roberts joined MacKay Shields in 2004 when the firm acquired the fixed income division of Pareto Partners. Dan Roberts was the chief investment officer and an equity shareholder at Pareto. Roberts assembled the US fixed income team while serving 10 years at UBS Asset Management, most recently as managing director and head of the fixed income group. Prior to its acquisition by UBS, Dan Roberts was a financial economist for Chase Manhattan Bank, NA and later was head of Global Interest Rate and Currency Swaps Trading.
Category Average: 35.58% , 2.61% , 4.05% | Category Average: 1.20% | Category Average: 90.12% |
What we like about MainStay 130/30 High Yield A Fund (MYHAX)
Data for MainStay 130/30 High Yield A Fund (MYHAX) as of October 31, 2009
- MainStay 130/30 High Yield A Fund (MYHAX) is a new fund and has been performing well against its peers for both three-month and 1-year performance
- MainStay 130/30 High Yield A Fund (MYHAX) has good short-term performance (1-year return 47.45% vs 35.58% High Yield Bond category average)
What we are cautious about MainStay 130/30 High Yield A Fund (MYHAX)
Data for MainStay 130/30 High Yield A Fund (MYHAX) as of October 31, 2009
- MainStay 130/30 High Yield A Fund (MYHAX) management has been with MainStay 130/30 High Yield A Fund for only 1.9 years, it is hard to judge manager's ability based on this fund's operation record
- MainStay 130/30 High Yield A Fund (MYHAX) has a higher management fee of 1.30% than its High Yield Bond average of 1.20%
- MainStay 130/30 High Yield A Fund (MYHAX) carries a front-end load of 4.50% and % backend load
Interested in other top mutual funds in similar High Yield Bond category?
Below are some additional High Yield Bond mutual funds generated out of our database
- Buffalo High-Yield (BUFHX) [ Compare BUFHX with MYHAX ]
- Ivy High Income Y (WHIYX) [ Compare WHIYX with MYHAX ]
- Janus High-Yield J (JAHYX) [ Compare JAHYX with MYHAX ]
- Browse other funds in High Yield Bond Category
MainStay 130/30 High Yield A Fund (MYHAX) Net Asset
Track net asset change of MainStay 130/30 High Yield A fund (MYHAX)
| Date | Net Asset |
| 10/2009 | $28.96M |
| 09/2009 | $24.17M |
| 08/2009 | $19.36M |
MainStay 130/30 High Yield A Fund (MYHAX) Portfolio Allocation
Track portfolio allocation change of MainStay 130/30 High Yield A fund (MYHAX)
| Date | Cash | Stock | Bond | Other |
| 08/2009 | 4.97% | 0.45% | 92.52% | 2.06% |
| 07/2009 | 6.62% | 0.29% | 91.01% | 2.08% |
| 06/2009 | 3.52% | 0% | 90.27% | 6.21% |
Most Recent Top 10 Holdings in MainStay 130/30 High Yield A Fund (MYHAX)
Discover what MainStay 130/30 High Yield A Fund (MYHAX) manager is buying
Teck Resources 6.125% [2.18%] Ford Mtr 6.625% [1.88%] Nordstrom 6.25% [1.67%] Nordstrom 6.25% [1.67%] Novelis 7.25% [1.57%] Gmac 8% [1.51%] Tesoro 6.25% [1.33%] Century Alum 7.5% [1.3%] Teck Resources 10.75% [1.28%] | Teck Resources 6.125% [2.29%] Ford Mtr 6.625% [1.99%] Gmac 8% [1.93%] Taylor Wimpey 6.375% [1.88%] Nordstrom 6.25% [1.74%] Ford Motor Credit 8% [1.65%] Novelis 7.25% [1.64%] Tesoro 6.25% [1.63%] Iron Mtn 7.75% [1.56%] | Teck Resources 6.125% [2.5%] Ford Mtr 6.625% [1.85%] Novelis 7.25% [1.84%] Gmac 8% [1.7%] Nordstrom 6.25% [1.69%] Tesoro 6.25% [1.65%] Charter communications operating first Lien [1.52%] Allied Waste North Amer 5.75% [1.51%] Freeport-Mcmoran Copper & Gold 8.375% [1.51%] |
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- Fund Mojo Score is 0.75 (A+) and above
- Fund Manager has been with the fund for more than 5 years
- Key performances (1-year, 3-year and 5-year performance) beat its category peers
- 5-year return is positive
- Initial investment requirement is less or equal to $10,000
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