MainStay High Yield Opportunities Fund

Scorecard
4 / 5 Stars
Lipper
4 4 1 2 3
Zacks Investment Research
3 (Hold)
Standard & Poor's
4 / 5 Stars
TheStreet.com
C (Hold)

U.S. News evaluated 179 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 11.65 percent over the past year, 8.99 percent over the past three years, and 13.49 percent over the past five years.

Trailing Returns Updated 06.30.2014
Year to date 5.4%
1 Year 11.6%
3 Years (Annualized) 9.0%
5 Years (Annualized) 13.5%
10 Years (Annualized) N/A

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Summary

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.

Fees

Fees are Above Average compared to funds in the same category.
MainStay High Yield Opportunities Fund has an expense ratio of 1.03 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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