Mainstay Vertible Fund Quote
| MCINX Fund | USD 20.04 0.04 0.20% |
Performance17 of 100
| Odds Of DistressLess than 17
|
Mainstay Convertible is trading at 20.04 as of the 3rd of December 2024; that is 0.2 percent down since the beginning of the trading day. The fund's open price was 20.08. Mainstay Convertible has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Mainstay Vertible Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of December 2022 and ending today, the 3rd of December 2024. Click here to learn more.
The fund, under normal circumstances, invests at least 80 percent of its assets in convertible securities such as bonds, debentures, corporate notes, and preferred stocks or other securities that are convertible into common stock or the cash value of a stock or a basket or index of equity securities. More on Mainstay Vertible Fund
Moving together with Mainstay Mutual Fund
Mainstay Mutual Fund Highlights
| Fund Concentration | MainStay Funds, Large Value Funds, Convertibles Funds, Convertibles, MainStay (View all Sectors) |
| Update Date | 30th of September 2024 |
Mainstay Vertible Fund [MCINX] is traded in USA and was established 3rd of December 2024. Mainstay Convertible is listed under MainStay category by Fama And French industry classification. The fund is listed under Convertibles category and is part of MainStay family. This fund now has accumulated 1.41 B in assets with no minimum investment requirementsMainstay Convertible is currently producing year-to-date (YTD) return of 11.59% with the current yeild of 0.04%, while the total return for the last 3 years was 2.14%.
Check Mainstay Convertible Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Mainstay Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Mainstay Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Mainstay Vertible Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Mainstay Vertible Fund Mutual Fund Constituents
| XPO | XPO Logistics | Stock | Industrials | |
| DHR | Danaher | Stock | Health Care | |
| MUSXX | Mainstay Government Liquidity | Money Market Fund | US Money Market Fund |
Mainstay Convertible Risk Profiles
| Mean Deviation | 0.3249 | |||
| Semi Deviation | 0.2993 | |||
| Standard Deviation | 0.4336 | |||
| Variance | 0.188 |
Mainstay Convertible Against Markets
Other Information on Investing in Mainstay Mutual Fund
Mainstay Convertible financial ratios help investors to determine whether Mainstay Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Convertible security.
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