MainStay High Yield Opportunities Fund Class I (MYHIX)

12.50
Net Asset Value
+0.16%
1 Day
+1.79%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
1.23%
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-0.01% 3 years+10.54%
3 months+0.87% 5 years+11.69%
1 year+9.65% Since inception+10.85%
Data through --

Peer Comparisonvs. High yield bond

 MYHIXCategory
Performance 5-yr return+11.69%+12.57%
Expense ratio1.23%1.13%
Risk 5 year sharpe ratio1.471.66
Net assets$1.3B$1.6B
Average market cap$63.7B$12.3B
Average P/E11.917.5
Portfolio turnover33%33%

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Fund Management and Purchase Info

Fund familyMainStay
Fund manager & tenureLouis Cohen / 6 Years
Minimal initial investment$5,000,000.00
Minimum IRA investment$5,000,000.00

Holdings

Fixed income93.69%
U.S. stock3.03%
Other2.51%
Cash0.77%
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) Sep14 Xcbt 2014093037.80%
-- US Treasury Note 0.875%2.41%
-- Sprint Cap 6.875%1.86%
-- Royal Bk Scot Nv FRN1.83%
F Ford Motor Co1.82%
-- Chesapeake Engy 6.625%1.73%
-- Clear Channel Comms 9%1.72%
-- Dt Postbk Tst Iv 5.983%1.39%
-- 8da533ad4 Cds Usd R V 00mevent 8da533ad41.31%
-- Hca 5%1.29%

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