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Mutual Fund Insights: MainStay 130/30 High Yield C Fund (MYHYX)

In-depth Analysis of MainStay 130/30 High Yield C Fund (MYHYX)

Mutual fund chart: MainStay 130/30 High Yield C Fund (MYHYX)

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

  

    Last Trade: $11.61 on 3/15/2010, Change: +0.01 (0.09%)

  

Fund Manager - Dan Roberts

Fund Manager Tenure: 2.3 years   [Similar Funds: MYHAX  MYHIX  MYHNX ]
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 C Fund (MYHYX) What we like about MainStay 130/30 High Yield C Fund (MYHYX)

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

  • MainStay 130/30 High Yield C Fund (MYHYX) 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 C Fund (MYHYX) has good short-term performance (1-year return 49.17% vs 41.66% High Yield Bond category average)
  • MainStay 130/30 High Yield C Fund (MYHYX) 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 C management does not trade extensively for its return.

  

What we are cautious about MainStay 130/30 High Yield C Fund (MYHYX) What we are cautious about MainStay 130/30 High Yield C Fund (MYHYX)

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

  • MainStay 130/30 High Yield C Fund (MYHYX) management has been with MainStay 130/30 High Yield C 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 C Fund (MYHYX) ratio of up-years vs down years can be improved
  • MainStay 130/30 High Yield C Fund (MYHYX) is less safe compared to its High Yield Bond peers
  • MainStay 130/30 High Yield C Fund (MYHYX) has a higher management fee of 2.18% than its High Yield Bond average of 1.21%
  • MainStay 130/30 High Yield C Fund (MYHYX) carries a 1% load
See MainStay 130/30 High Yield C Fund (MYHYX) performance details as of January 31, 2010

  

  

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MainStay 130/30 High Yield C Fund (MYHYX) Net Asset

Track net asset change of MainStay 130/30 High Yield C fund (MYHYX)

DateNet Asset
01/2010$4.79M
11/2009$3.63M
10/2009$3.11M
More historic net asset information on MainStay 130/30 High Yield C Fund (MYHYX)

  

MainStay 130/30 High Yield C Fund (MYHYX) Portfolio Allocation

Track portfolio allocation change of MainStay 130/30 High Yield C fund (MYHYX)

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 C Fund (MYHYX)

  

Most Recent Top 10 Holdings in MainStay 130/30 High Yield C Fund (MYHYX)

Discover what MainStay 130/30 High Yield C Fund (MYHYX) 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 C Fund (MYHYX)

  

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