MainStay MacKay High Yield Corporate Bond Fund, Class C (MYHCX)

The MainStay MacKay High Yield Corporate Bond Fund, Class C (ticker: MYHCX) is a mutual fund that primarily invests in high-yield corporate bonds. These bonds are issued by companies with lower credit ratings, making them riskier but also potentially offering higher returns. The fund is managed by MainStay Investments and MacKay Shields, and aims to provide investors with a steady stream of income through interest payments from the bonds. Class C shares typically have higher fees and may be subject to a contingent deferred sales charge if sold within a certain time period. Overall, this fund may be suitable for investors seeking a higher level of income and are willing to take on some level of risk.