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Nyli Mackay Convertible Fund Class A: (MF: MCOAX)
(NASDAQ Mutual Funds) As of May 22, 2025 08:00 PM ET
$18.94 USD
-0.01 (-0.05%)
Zacks MF Rank
1-Strong Buy of 5 1
Fund Description
The fund was incepted in May 1986 and is managed by New York Life Investment Management. The objective of this fund is to seek capital appreciation along with current income. The fund invests primarily in convertible securities. However, the fund is managed like an equity fund with a focus on securities that show strong prospects for capital appreciation. In selecting convertible securities, the fund advisors may consider credit risk, projected interest return and the convertible's premium relative to the underlying common stock. The fund offers dividends quarterly. Capital gains are distributed in December.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| NYLI MacKay Convertible A | MCOAX | 5.50 | NA | 0.00 | 0.25 | 0.55 | 0.94 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| MainStay Convertible Fund A | MCOAX | 18.94 | 5/1/1986 | 3.18 | 6.82 | 3.56 | 9.70 |
| MainStay Convertible Fund C | MCCVX | 17.97 | 9/1/1998 | 2.24 | 5.77 | 2.55 | 8.65 |
| MainStay Convertible Fund Inv | MCINX | 18.70 | 2/28/2008 | 2.91 | 6.60 | 3.32 | 9.48 |
| MainStay Convertible Fund I | MCNVX | 18.68 | 11/28/2008 | 3.49 | 7.14 | 3.90 | 10.05 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| NYLI MacKay Convertible A | MCOAX | 15000 | 0 | 0 | Q |
Contact Information
| Family | NY Life Invest |
| Address | 30 Hudson Street Jersey City, NJ 07302 |
| Phone | 800 624-6782 |