MainStay High Yield Opportunities Fund Class I (MYHIX)

11.12
Net Asset Value
+0.27%
1 Day
-1.42%
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-2.03% 3 years+6.20%
3 months-0.74% 5 years+7.26%
1 year-3.74% Since inception+9.53%
Data through --

Peer Comparisonvs. High yield bond

 MYHIXCategory
Performance 5-yr return+7.26%+7.45%
Expense ratio1.25%1.11%
Risk 5 year sharpe ratio1.091.35
Net assets$847.6M$1.5B
Average market cap$53.6B$13.2B
Average P/E19.422.5
Portfolio turnover26%26%

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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 income90.17%
U.S. stock3.90%
Other3.85%
Cash2.08%
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
-- 36.03%
-- 32.03%
-- 2.67%
F Ford2.67%
-- 2.30%
-- 2.01%
-- 2.00%
-- 1.87%
-- 1.87%
-- 1.79%

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