# NYLI MacKay Convertible Fund Investor Class (MCINX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mcinx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: New York Life / NYLI · Asset class: Equity - Strategy: Actively Managed · Inception: 2008-02-28 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,... ## Key Facts | Metric | Value | |---|---| | Price | $22.67 | | Expense Ratio | 1.16% | | AUM (All Share Classes) | $1.84B | | NAV | $22.67 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 7.14% | | Annual Distribution (TTM) | $1.62 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $19.54 – $23.99 | | Beta | 0.91 | ## Latest Distribution - Amount: $0.0459 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does MCINX invest in? 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. ### What is the expense ratio of MCINX? NYLI MacKay Convertible Fund Investor Class (MCINX) charges an expense ratio of 1.16%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MCINX? NYLI MacKay Convertible Fund Investor Class (MCINX) is one share class of a fund that manages $1.84B across all of its share classes (MCNVX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MCINX actively managed or an index fund? MCINX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MCINX's is 1.16%) in exchange for the discretion to over- or under-weight positions. ### When was MCINX launched? NYLI MacKay Convertible Fund Investor Class (MCINX) launched in February 2008 and is managed by New York Life / NYLI. ### How has MCINX performed? MCINX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MCINX pay a dividend? NYLI MacKay Convertible Fund Investor Class (MCINX) currently distributes little or no income. Trailing-twelve-month yield is 7.14%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MCINX pay dividends? NYLI MacKay Convertible Fund Investor Class pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MCINX's dividend yield? MCINX's trailing-twelve-month yield is 7.14%, calculated from the sum of dividends over the past year divided by the current price. ### When is MCINX's next ex-dividend date? The most recently announced ex-dividend date for MCINX was 2026-09-30. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will MCINX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.16% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MCINX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MCINX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MCINX cost more than a fund like VOO? MCINX is actively managed (current expense ratio 1.16%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MCINX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MCINX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MCINX (1.16%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mcinx - Distribution history: https://www.dividenddata.com/funds/mcinx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mcinx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mcinx/expenses - Peer comparison: https://www.dividenddata.com/funds/mcinx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.