MGHAX : MAINSTAY GLOBAL HIGH INCOME A

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ZACKS RANK: 1 - STRONG BUY

Ticker: MGHAX
Manager: Team Managed
Manager Since: NA
NAV (07/29/2014): 11.98
Objective: International - Bonds
Peer: IB EM
Net Assets ($mil): 152.83
Inception: 06/01/1998
MGHAX : Description

The fund was incepted in June 1998 and is managed by New York Life Investment Management. The fund seeks to provide maximum current income by investing primarily in high-yield debt securities of non-U.S. issuers. Capital appreciation is a secondary objective. The fund invests primarily in high-yield debt securities issued by governments, their agencies and authorities and corporations in at least three different countries, principally emerging markets. Investments may include yankee debt securities, Brady Bonds and derivative instruments, including floaters, inverse floaters, swaps, options and futures. The fund may also buy and sell currency on a spot basis, enter into forward currency contracts and purchase currency options. The fund offers dividends monthly. Capital gains are distributed in December.

MGHAX : Composition - 07/14
Stocks 0.00%
Foreign Stocks 0.00%
Cash 2.17%
Bonds 97.03%
Foreign Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.80%
Foreign Hedged 0.00%
Composition Horizontal Bar Chart
MGHAX : Style Analysis - 07/14
Large Growth NA
Large Value NA
Small Growth NA
Small Value NA
Foreign Stock NA
Emerging Market NA
Precious Metals NA
Intermediate Bond NA
High Yield Bond NA
Foreign Bond NA
'Style Analysis Horizontal Bar Chart' is not available due to non availability

MGHAX : Risk Analysis
Beta v. S&P 500 0.25
Beta v. EAFE 0.25
Beta v. Barclays Agg Bond 1.49
Alpha 3 Yr 3.21
Alpha 5 Yr 5.85
R-Sq 3 Yr 0.12
R-Sq 5 Yr 0.14
Std Dev 3 Yr 8.46
Std Dev 5 Yr 8.05
Sharpe 3 Yr 0.84
Sharpe 5 Yr 1.38
MGHAX : Fees
Expense Ratio 1.16
% Max Load 4.50
% Min Load 0.00
% Deferred Load NA
% Redemption NA
% Max 12 B1 Fee 0.25
% Max Mgt Fee 0.72
MGHAX : Purchase Choices:
Min Initial Investment 25000
Min Subsequent Investment 0
MGHAX : Returns Analysis - Annual

Line chart

  2004200520062007200820092010201120122013YTD
NAV ($) 11.2511.4911.7711.358.8311.1611.7811.3712.6611.2511.98
Total Return (%) 18.2510.6911.064.18-16.4835.5513.844.1119.21-5.698.78
Annual Dividend Yield (%) 10.797.625.455.517.726.045.814.646.295.665.38
Relative Performance
Rel Performance-S&P500(%) 134.0269.90103.64-52.33-294.79329.9586.75-22.58139.80-21.6848.87
Rel Performance-Obj.Ret.(%) 96.71104.2946.77-17.63-74.61143.3754.4515.6989.75-24.9735.38
Ret.Quintile vs Obj(1 is best) 11144112141
Turnover, Yields, and Gains
Fund Assets Net($mil) 446812813565119160144179153153
Annual Turnover (%) 24.0027.0033.0030.0055.00133.0092.0065.0031.0036.000.00
Annual Dividend Paid ($) 1.290.910.680.660.710.700.720.560.830.660.32
Annual Capital Gains Paid($) 0.180.000.260.230.000.000.160.320.000.030.00
MGHAX : Returns Analysis - Trailing Total Return
  1 Month 3 Month 6 Month YTD 1 Year 3 Year 5 Year 10 Year 15 Year 20 Year
Total Return (through 07/14) 1.11% 5.52% 8.78% 8.78% 10.55% 6.81% 10.89% 9.91% 11.40% NA
Ret. Percentile vs. Obj. (1 is best) 13 4 4 4 7 9 7 6 10 NA
MGHAX : Stock Portfolio Snapshot - 07/14
Average Price/Earnings NA
Average Price/Book NA
Average EPS Growth NA
Average Market Value NA
MGHAX : Stock Sector Breakout - 07/14
'Stock Sector Breakout' is not available due to non availability

MGHAX : Top Holdings - 07/14
Name Weight Shares
Data not available