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They include 75 insurance companies, 72 pension and profit-sharing plans and 47 other clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 6 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Mackay Shields offer?","answer":"Mackay Shields provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and publishing newsletters.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Mackay Shields use?","answer":"Mackay Shields’ separately managed account assets are held at The Bank of New York Mellon Corporation (New York, NY), with $32,498,017,860, The Northern Trust Company (Chicago, IL), with $9,516,170,226 and State Street Corporation (Boston, MA), with $7,351,405,491. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Mackay Shields have?","answer":"Mackay Shields has 6 investment adviser representatives registered with state securities authorities, out of 206 employees, and 73 perform investment advisory functions. 38 are registered representatives of a broker-dealer and 0 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Mackay Shields invest in?","answer":"At the end of its last fiscal year, Mackay Shields’ separately managed accounts held 33% state and local bonds, 29% high-yield corporate bonds, 17% investment grade corporate bonds, 12% convertibles, abs/structured products, bank loans, non-us currency holdings, 6% U.S. government and agency bonds and 1% cash and equivalents. 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