BHYIX vs MHCAX

Both BHYIX and MHCAX are mutual funds. BHYIX has a higher 5-year return than MHCAX (3.04% vs 2.92%). BHYIX has a lower expense ratio than MHCAX (0.56% vs 0.95%). Below is the comparison between BHYIX and MHCAX.

BHYIX MHCAX
Security Type Mutual fund Mutual fund
Segment Taxable Fixed Income: High Yield Bond Taxable Fixed Income: High Yield Bond
Family BlackRock New York Life Investment Management LLC
Net Assets $11.69B $3.39B
Expense Ratio 0.56% 0.95%
Management Style active active
Dividend Yield 5.13% 5.27%
Minimum Investment $2,000,000.00 $25,000.00
YTD Return -10.67% -7.96%
1-Year Return -6.74% -4.79%
3-Year Return 2.15% 2.27%
5-Year Return 3.04% 2.92%
10-Year Return 5.20% 4.68%

BHYIX

BHYIX description

The Fund seeks to maximize total return, consistent with income generation and prudent investment management. The High Yield Fund invests primarily in non-investment grade bonds with maturities of ten years or less. The High Yield Fund normally invests at least 80% of its assets in high yield bonds.

BHYIX performance & returns

YTD Return -10.67%
1-Month Return -5.32%
3-Month Return -6.74%
1-Year Return -6.74%
3-Year Return 2.15%
5-Year Return 3.04%
10-Year Return 5.20%
BHYIX expense ratio is 0.56%.

BHYIX holdings

Top 10 Holdings (9.91% of Total Assets)

Name Symbol % Assets
BlackRock Liquidity T-Fund Instl TSTXX 2.43%
TransDigm, Inc. 6.25% N/A 1.35%
iShares Preferred&Income Securities ETF PFF 1.26%
SPDR® Blmbg Barclays High Yield Bd ETF JNK 1.13%
iShares iBoxx $ High Yield Corp Bd ETF HYG 0.91%
iShares Broad USD High Yield Corp Bd ETF USHY 0.65%
Allied Universal Holdco LLC / Allied Universal Finance Corporation 6.62% N/A 0.59%
Verscend Escrow Corp 9.75% N/A 0.53%
Connect Finco SARL/Connect US Finco LLC 6.75% N/A 0.53%
Altice France Holdings S A 10.5% N/A 0.53%

BHYIX pros

The following are BHYIX strengths from our perspective:

  • BHYIX 3-year return is 2.15%, which is higher than the 3-year return of the benchmark index (Bloomberg US High Yield 2% Issuer Cap TR USD), 1.93%.
  • BHYIX 5-year return is 3.04%, which is higher than the 5-year return of the benchmark index (Bloomberg US High Yield 2% Issuer Cap TR USD), 2.95%.
  • BHYIX 10-year return is 5.2%, which is higher than the 10-year return of the benchmark index (Bloomberg US High Yield 2% Issuer Cap TR USD), 5.05%.
  • BHYIX 15-year return is 5.73%, which is in line with the 15-year return of the benchmark index (Bloomberg US High Yield 2% Issuer Cap TR USD), 5.97%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

BHYIX cons

The following are BHYIX weaknesses from our perspective:

  • BHYIX expense ratio is 0.56%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?

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MHCAX

MHCAX description

The Fund seeks maximum current income through investment in a diversified portfolio of high-yield debt securities. Capital appreciation is a secondary objective. The Fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in high-yield corporate debt securities.

MHCAX performance & returns

YTD Return -7.96%
1-Month Return -3.39%
3-Month Return -4.79%
1-Year Return -4.79%
3-Year Return 2.27%
5-Year Return 2.92%
10-Year Return 4.68%
MHCAX expense ratio is 0.95%.

MHCAX holdings

Top 10 Holdings (6.42% of Total Assets)

Name Symbol % Assets
Sprint Capital Corporation 6.88% N/A 1.10%
TransDigm, Inc. 6.25% N/A 0.74%
BASS PRO GROUP LLC TERM LOAN B N/A 0.62%
Grinding Media Inc. and MC Grinding Media (Canada) Inc. 7.38% N/A 0.58%
Genon N/A 0.58%
MGM Growth Properties Operating Partnership LP/ MGP Escrow Co Issuer Inc. 5 N/A 0.57%
Mattel, Inc. 6.75% N/A 0.57%
Novelis Corporation 5.88% N/A 0.56%
FS ENERGY & POWER FUND 7.5% N/A 0.55%
Comstock Escrow Corp 9.75% N/A 0.55%

MHCAX pros

The following are MHCAX strengths from our perspective:

  • MHCAX 3-year return is 2.27%, which is higher than the 3-year return of the benchmark index (ICE BofA US High Yield Constrained TR USD), 1.77%.
  • MHCAX 5-year return is 2.92%, which is higher than the 5-year return of the benchmark index (ICE BofA US High Yield Constrained TR USD), 2.81%.
  • MHCAX 10-year return is 4.68%, which is in line with the 10-year return of the benchmark index (ICE BofA US High Yield Constrained TR USD), 4.98%.

MHCAX cons

The following are MHCAX weaknesses from our perspective:

  • MHCAX 15-year return is 5.02%, which is lower than the 15-year return of the benchmark index (ICE BofA US High Yield Constrained TR USD), 5.85%.
  • MHCAX expense ratio is 0.95%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 4.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.

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