MainStay Short Duration High Yield Fund

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 8.08 percent over the past year.

Trailing Returns Updated 06.30.2014
Year to date 3.2%
1 Year 8.1%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks high current income; 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 debt securities that are rated below investment grade by an independent rating agency. It will generally seek to maintain a weighted average duration of three years or less, although the fund may invest in instruments of any duration or maturity.

Fees

Fees are Above Average compared to funds in the same category.
MainStay Short Duration High Yield Fund has an expense ratio of 1.05 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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