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MHYRX

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1d
1w
1m

Analysis and statistics

  • Open
    5.2384$
  • Previous Close
    5.2384$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

MHYRX.US represents the MainStay High Yield Corporate Bond R6 Fund. This is a mutual fund that invests primarily in high-yield corporate bonds, also known as "junk bonds," which are bonds that carry a higher risk of default but typically offer higher yields than investment-grade bonds. The fund seeks to provide a high level of current income by investing at least 80% of its net assets (plus borrowings for investment purposes) in high-yield corporate bonds. Investors should be aware of the risks associated with high-yield bonds, including credit risk and interest rate risk, as well as the fund's expenses, which can impact overall returns.

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Factors

Market Interest Rates: Rising interest rates generally decrease bond values, potentially lowering MHYRX's price, while falling rates can increase it.

Credit Quality of Holdings: Downgrades or defaults in MHYRX's bond holdings can negatively affect its net asset value and price.

Fund Management Decisions: Investment strategies, security selection, and expense ratios influence MHYRX's performance, impacting its price.

Investor Sentiment: Market optimism or pessimism towards high-yield bonds can affect demand for MHYRX, driving its price up or down.

Economic Conditions: Economic growth typically supports high-yield bonds, potentially increasing MHYRX's price, while recessions may decrease it.

Inflation Expectations: Rising inflation can erode the real value of bonds, potentially lowering MHYRX's price, while falling inflation may increase it.

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