NYLI MacKay Convertible Fund Investor Class (MCINX) Research
This fund's objective is to achieve both long-term capital growth and a steady stream of income. Under typical market conditions, it dedicates at least 80% of its total assets (which includes any funds borrowed for investment) to "convertible securities." These encompass a range of financial instruments, such as bonds, debentures, corporate notes, and preferred stocks, all designed to be exchangeable into common stock or a cash equivalent value tied to an individual stock, a group of stocks, or an equity index. The remaining portion of the portfolio may be allocated to non-convertible debt, equity holdings that do not provide regular dividends, U.S. government debt instruments, or highly liquid assets like cash.
Market snapshot
- Symbol
- MCINX
- Price
- $23.98
- Day change
- +1.01%
- Market cap
- $1.9B
- 52-week range
- 19.4-23.98
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- MS Insight Fund Class A (CPOAX)
- MS Insight Fund Class I (CPODX)
- Allspring Diversified Capital Builder Fund Class A (EKBAX)
- Allspring Diversified Capital Builder Fund Administrator Class (EKBDX)
- Gabelli Asset Fund (The) (GABAX)
- MainStay MacKay Convertible Fund Class I (MCNVX)
- Virtus Zevenbergen Technology Fund CL C (RCGTX)
- SEI Institutional International Trust Emerging Markets Equity Fund Class Y (SEQFX)
Open NYLI MacKay Convertible Fund Investor Class (MCINX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.