NYLI MacKay Convertible Fund Investor Class (MCINX)
NYLI MacKay Convertible Fund Investor Class operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $23.64, down 0.17% on the session, giving a market capitalisation of $1.92B. Its beta of 0.91 implies it has historically moved less than the broad market.
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.
NYLI MacKay Convertible Fund Investor Class is most often compared with the following Financial Services names: