MainStay MacKay Convertible Fund Class I (MCNVX) Research
This fund is designed to achieve two main objectives: growth in its capital value and the generation of ongoing income. Typically, the fund allocates a minimum of 80% of its total assets (inclusive of any borrowed capital for investment purposes) to "convertible securities." This category generally encompasses debt instruments like bonds, debentures, and corporate notes, as well as preferred stocks or other financial instruments that can be exchanged for common stock, or for the cash equivalent value of a single stock, a group of stocks, or an equity index. The remainder of the portfolio may be deployed in non-convertible debt instruments, equity securities that do not provide regular dividends, U.S. government-backed securities, or cash and highly liquid equivalents.
Market snapshot
- Symbol
- MCNVX
- Price
- $24.09
- Day change
- +1.01%
- Market cap
- $1.9B
- P/E ratio
- -225.33x
- 52-week range
- 19.48-24.09
- 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)
- NYLI MacKay Convertible Fund Investor Class (MCINX)
- Virtus Zevenbergen Technology Fund CL C (RCGTX)
- SEI Institutional International Trust Emerging Markets Equity Fund Class Y (SEQFX)
Open MainStay MacKay Convertible Fund Class I (MCNVX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.