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Mutual Fund Insights: MainStay 130/30 High Yield Inv Fund (MYHNX)

In-depth Analysis of MainStay 130/30 High Yield Inv Fund (MYHNX)

Mutual fund chart: MainStay 130/30 High Yield Inv Fund (MYHNX)

3 months
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See MainStay 130/30 High Yield Inv Fund (MYHNX) performance details as of January 31, 2010

  

    Last Trade: $11.66 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Dan Roberts

Fund Manager Tenure: 2.3 years   [Similar Funds: MYHAX  MYHIX  MYHYX ]
Fundmojo Fund Grade: B (Score: 0.63)     (What does this score mean?)
Roberts joined MacKay Shields in 2004 when the firm acquired the fixed income division of Pareto Partners. He 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, he was a financial economist for Chase Manhattan Bank, NA and later was head of Global Interest Rate and Currency Swaps Trading.  Get more insights on Dan Roberts

  

What we like about MainStay 130/30 High Yield Inv Fund (MYHNX) What we like about MainStay 130/30 High Yield Inv Fund (MYHNX)

Data for MainStay 130/30 High Yield Inv Fund (MYHNX) as of January 31, 2010

  • MainStay 130/30 High Yield Inv Fund (MYHNX) 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 Inv Fund (MYHNX) has good short-term performance (1-year return 50.27% vs 41.66% High Yield Bond category average)
  • MainStay 130/30 High Yield Inv Fund (MYHNX) ratio of up-years vs down years is greater than 2
  • MainStay 130/30 High Yield Inv Fund (MYHNX) has an annual stock turnover rate of 47.00% vs High Yield Bond average of 95.38%. It is good that MainStay 130/30 High Yield Inv management does not trade extensively for its return.

  

What we are cautious about MainStay 130/30 High Yield Inv Fund (MYHNX) What we are cautious about MainStay 130/30 High Yield Inv Fund (MYHNX)

Data for MainStay 130/30 High Yield Inv Fund (MYHNX) as of January 31, 2010

  • MainStay 130/30 High Yield Inv Fund (MYHNX) management has been with MainStay 130/30 High Yield Inv Fund for only 2.3 years, it is hard to judge manager's ability based on this fund's operation record
  • MainStay 130/30 High Yield Inv Fund (MYHNX) is less safe compared to its High Yield Bond peers
  • MainStay 130/30 High Yield Inv Fund (MYHNX) has a higher management fee of 1.43% than its High Yield Bond average of 1.21%
  • MainStay 130/30 High Yield Inv Fund (MYHNX) carries a 4.5% load
See MainStay 130/30 High Yield Inv Fund (MYHNX) performance details as of January 31, 2010

  

  

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MainStay 130/30 High Yield Inv Fund (MYHNX) Net Asset

Track net asset change of MainStay 130/30 High Yield Inv fund (MYHNX)

DateNet Asset
01/2010$2.87M
11/2009$2.65M
10/2009$2.61M
More historic net asset information on MainStay 130/30 High Yield Inv Fund (MYHNX)

  

MainStay 130/30 High Yield Inv Fund (MYHNX) Portfolio Allocation

Track portfolio allocation change of MainStay 130/30 High Yield Inv fund (MYHNX)

DateCashStockBondOther
11/20096.77%0.35%90.93%1.95%
09/20093.92%0.41%93.89%1.78%
08/20094.97%0.45%92.52%2.06%
Click here to see more historic asset allocation information on MainStay 130/30 High Yield Inv Fund (MYHNX)

  

Most Recent Top 10 Holdings in MainStay 130/30 High Yield Inv Fund (MYHNX)

Discover what MainStay 130/30 High Yield Inv Fund (MYHNX) manager is buying

30-Nov-09
US Treasury Note 3.5% [4.75%]
Ford Mtr 6.625% [1.86%]
Teck Resources 6.125% [1.74%]
Novelis 7.25% [1.63%]
Amer Gen Fin 4.125% [1.58%]
Gmac 8% [1.58%]
Nordstrom 6.25% [1.54%]
Nordstrom 6.25% [1.54%]
Century Alum 7.5% [1.43%]
General Mtrs 8.375% [1.26%]

30-Sep-09
US Treasury Note 3.5% [4.76%]
Teck Resources 6.125% [2.2%]
Ford Mtr 6.625% [1.87%]
Novelis 7.25% [1.59%]
Nordstrom 6.25% [1.58%]
Nordstrom 6.25% [1.58%]
Gmac 8% [1.51%]
Century Alum 7.5% [1.34%]
Tesoro 6.25% [1.29%]
Teck Resources 10.75% [1.24%]

31-Aug-09
US Treasury Note 3.5% [5%]
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%]
Click here for Stock Holding Change Map in MainStay 130/30 High Yield Inv Fund (MYHNX)

  

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