NYLI MacKay High Yield Corporate Bond Fund Simple Class (MHHSX)

Overview

This fund primarily focuses on investing in high-yield corporate debt securities that are rated below investment grade or unrated but considered to be of similar quality. These investments encompass a wide range of high-yield domestic and foreign corporate debt securities. The fund operates under the principle of allocating at least 80% of its assets toward its core investment focus—high-yield corporate debt. The remaining assets, up to 20%, may be invested in common stocks and other equity-related securities, providing a diversified investment portfolio that aims to achieve higher yields while managing the associated risks.

Products and Services

• High-Yield Corporate Debt Securities

  These are the fund’s primary investments, including a variety of domestic and foreign corporate debt securities that are rated below investment grade or unrated but perceived to be of comparable quality. These securities offer the potential for higher returns compared to investment-grade bonds, compensating for the higher risk of default.

• Common Stocks and Other Equity-Related Securities

  Up to 20% of the fund's net assets may be allocated to common stocks and other equity-related instruments. This allows for potential capital appreciation and income generation, diversifying the investment strategy beyond high-yield debt securities. The inclusion of these assets aims to balance the portfolio, mitigating the risk while seeking to enhance overall returns.