MainStay High Yield Opportunities Fund Class I (MYHIX)

11.46
Net Asset Value
0.00%
1 Day
+1.60%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
1.25%
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+1.97% 3 years+6.82%
3 months+1.57% 5 years+7.55%
1 year+0.24% Since inception+9.76%
Data through --

Peer Comparisonvs. High yield bond

 MYHIXCategory
Performance 5-yr return+7.55%+7.86%
Expense ratio1.25%1.11%
Risk 5 year sharpe ratio1.031.28
Net assets$937.1M$1.5B
Average market cap$51.8B$11.3B
Average P/E11.722.0
Portfolio turnover26%26%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyMainStay
Fund manager & tenureLouis Cohen / 7 Years
Minimal initial investment$5,000,000.00
Minimum IRA investment$5,000,000.00

Holdings

Fixed income92.72%
U.S. stock3.30%
Other3.28%
Cash0.71%
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
-- 29.86%
-- 22.33%
-- 3.21%
-- 2.18%
F Ford2.18%
-- 2.16%
-- 2.11%
-- 1.92%
-- 1.68%
-- 1.66%

To view my watchlist

Not a member yet?

Sign up now for a free account