Morningstar

NYLI MacKay Short Duration High Inc Cl I MDHIX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.63  /  0.00
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.780%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 6.23%
  • Effective Duration 1.78 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:29 PM GMT+0

Morningstar’s Analysis MDHIX

Will MDHIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MDHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MDHIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MDHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong team following a consistent approach.

Analyst Jeana Marie Doubell

Jeana Marie Doubell

Analyst

Summary

MainStay MacKay Short Duration High Income (previously named MacKay Shields Short Duration High Yield) boasts an experienced team and a sound process, though its short-duration focus limits potential relative to wider-ranging peers.

by Jeana Marie Doubell
Rated on Published on

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Portfolio Holdings MDHIX

More MDHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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4.95 121.8 Mil
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