MainStay High Yield Opportunities Fund Class A (MYHAX)

12.46
Net Asset Value
+0.08%
1 Day
+1.71%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
4.5
Sales Expenses
1.48%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks maximum current income through investment in a diversified portfolio of high-yield debt securities; capital appreciation is a secondary objective. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in high-yield corporate debt securities. The fund's long positions, either direct long positions or through credit default swaps or total return swaps, may total up to 140% of the fund's net assets. The fund's short positions, either direct short positions or through credit default swaps or total return swaps, may total up to 40% of the fund's net assets.

Performance

1 month+1.05% 3 years+7.58%
3 months+1.76% 5 years+16.17%
1 year+6.68% Since inception+10.98%
Data through --

Peer Comparisonvs. High yield bond

 MYHAXCategory
Performance 5-yr return+16.17%+15.90%
Expense ratio1.48%1.13%
Risk 5 year sharpe ratio1.761.89
Net assets$1.3B$1.7B
Average market cap$50.8B$14.0B
Average P/E10.215.4
Portfolio turnover33%33%

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Fund Management and Purchase Info

Fund familyMainStay
Fund manager & tenureLouis Cohen / 6 Years
Minimal initial investment$25,000.00
Minimum IRA investment$25,000.00

Holdings

Fixed income89.62%
Cash8.24%
U.S. stock3.27%
Other2.82%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Consumer goods 55.80%
Financial service 34.41%
Industrial materials 9.79%
Business service 0.00%
Consumer service 0.00%
Top 10 Holdings
Portfolio weighting
-- Us 2yr Note (Cbt) Jun14 Xcbt 2014063043.49%
-- US Treasury Note 0.875%2.50%
-- Caesars Oper Escrow 9%2.06%
-- Royal Bk Scot Nv FRN2.03%
-- Chesapeake Engy 6.625%1.95%
F Ford Motor Co1.84%
-- Dt Postbk Tst Iv 5.983%1.56%
-- Mgm Resorts Intl 6.75%1.35%
-- Abn Amro Bk Nv 4.31%1.33%
-- Icahn Enterprises Lp/Corp 144A 6%1.32%

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