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Portfolio (Quarterly) Guide ↗

MACKAY SHIELDS LLC

· CIK 0000061227
13F Portfolio $2.9B AUM 340 positions Filed Jan 29, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 10 New 7 Added 91 Reduced 14 Exited
Page 5 of 5  ·  91 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 NZF NUVEEN MUNICIPAL CREDIT INC Financial Services 324,502.0 $4.1M 0.14% -1.1M -76.9% $12.58 -2.0%
82 IONIS PHARMACEUTICALS INC 2,768,000.0 $3.8M 0.13% -48K -1.7% $1.37
83 VGM INVESCO TR INVT GRADE MUNS Financial Services 308,543.0 $3.2M 0.11% -62K -16.6% $10.37 -3.0%
84 NUVEEN PENNSYLVANIA QLT MUN 229,220.0 $2.7M 0.10% -4K -1.8% $11.89
85 VMO INVESCO MUN OPPORTUNITY TR Financial Services 205,338.0 $2.0M 0.07% -102K -33.3% $9.57 -0.3%
86 MFM MFS MUN INCOME TR Financial Services 339,657.0 $1.8M 0.07% -93K -21.6% $5.43 -1.8%
87 VKI INVESCO ADVANTAGE MUN INCOME Financial Services 105,768.0 $965K 0.03% -299K -73.9% $9.12 -4.1%
88 KTF DWS MUN INCOME TR NEW Financial Services 92,505.0 $841K 0.03% -38K -29.3% $9.09 -2.1%
89 BLACKLINE INC 635,000.0 $671K 0.02% -365K -36.5% $1.06
90 PPL CAP FDG INC 500,000.0 $549K 0.02% -3K -0.6% $1.10
91 DUKE ENERGY CORP NEW 500,000.0 $516K 0.02% -5K -1.0% $1.03
Page 5 of 5  ·  91 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 75.3%
Energy 21.8%
Communication Services 2.6%
Consumer Defensive 0.3%