MainStay 130/30 High Yield C
51 Madison Avenue New York NY 10010
Map
Phone: 800-624-6782
| Category: | High Yield Bond | | Fund Family: | MainStay | | Net Assets: | 20.00K | | Year-to-Date Return: | -0.34% | | Yield: | % | | Morningstar Rating: | N/A | | Fund Inception Date: | 14-Dec-07 |
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Dan Roberts
Lead Manager since
14-Dec-07 | | | 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. |
| Min Initial Investment: | $1,000 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | $500 | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | $50 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks current income; Capital appreciation is a secondary consideration. The fund normally invest at least 80% of its assets in high-yield corporate debt securities, including all types of high-yield domestic and foreign corporate debt securities that are rated below investment-grade. It generally holds long positions, equal to approximately 130% of net assets and short positions, equal to approximately 30% of net assets. |
| Last Dividend
(25-Jun-08):
| 0.11 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| N/A | | Average for Category:
| 114.15% |
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| Expense | MYHYX | Category
Avg | | Total Expense Ratio: | %
| 1.22% | | Max 12b1 Fee: | 1.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.43% | | Max Deferred Sales Load: | 1.00%
| 2.70% | | 3 Yr Expense Projection*: |
$1,400 | $581 | | 5 Yr Expense Projection*: |
$N/A | $888 | | 10 Yr Expense Projection*: |
$N/A | $1,744 |
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