MainStay High Yield Opportunities Fund Class A (MYHAX)

10.88
Net Asset Value
-0.55%
1 Day
-3.37%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
4.5
Sales Expenses
1.50%
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-2.17% 3 years+5.22%
3 months-3.08% 5 years+6.12%
1 year-4.73% Since inception+8.86%
Data through --

Peer Comparisonvs. High yield bond

 MYHAXCategory
Performance 5-yr return+6.12%+7.61%
Expense ratio1.50%1.10%
Risk 5 year sharpe ratio0.981.26
Net assets$795.3M$1.5B
Average market cap$52.0B$13.8B
Average P/E18.923.6
Portfolio turnover26%26%

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Fund Management and Purchase Info

Fund familyMainStay
Fund manager & tenureLouis Cohen / 7 Years
Minimal initial investment$25,000.00
Minimum IRA investment$25,000.00

Holdings

Fixed income87.23%
Cash5.07%
U.S. stock3.86%
Other3.84%
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
-- 36.40%
-- 32.42%
-- 2.70%
F Ford2.60%
-- 2.32%
-- 2.04%
-- 2.02%
-- 1.93%
-- 1.90%
-- 1.78%

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