MainStay High Yield Opportunities Fund Class I (MYHIX)

11.22
Net Asset Value
+0.18%
1 Day
-0.53%
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-0.44% 3 years+7.16%
3 months-3.40% 5 years+7.07%
1 year-1.76% Since inception+9.58%
Data through --

Peer Comparisonvs. High yield bond

 MYHIXCategory
Performance 5-yr return+7.07%+7.86%
Expense ratio1.23%1.12%
Risk 5 year sharpe ratio1.021.24
Net assets$995.6M$1.4B
Average market cap$61.6B$12.8B
Average P/E12.420.2
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 income92.89%
U.S. stock3.18%
Other2.77%
Cash1.15%
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) Mar15 Xcbt 2015033125.07%
-- US Treasury Note 0.375%9.08%
-- US Treasury Note 0.875%2.70%
-- Sprint Cap 6.875%1.93%
-- Royal Bk Scot Nv FRN1.90%
F Ford Motor Co1.85%
-- Clear Channel Comms 9%1.76%
-- ArcelorMittal39 SrN1.61%
-- Hca 5%1.44%
-- 8da533ad4 Cds Usd R V 00mevent 8da533ad41.41%

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.