NYLI MacKay High Yield Corporate Bond Fund Class R3 (MHYTX)

Overview

The fund is an investment entity primarily focused on capitalizing on the opportunities within the high-yield corporate debt market. It employs a strategy that allocates at least 80% of its financial resources to high-yield corporate debt securities. These securities encompass a wide range of debt instruments that are either rated below investment grade or are not rated but deemed to be of similar quality by the fund's Subadvisor. This approach underscores the fund’s risk-tolerant investment posture, aiming to generate attractive returns by venturing into the more speculative segments of the corporate debt market. The fund operates on a broad scope, including both domestic and international corporate debt securities in its portfolio, thereby diversifying its investment risks and opportunities across different geographical regions and economic sectors.

Products and Services

• High-Yield Corporate Debt Securities

  This core offering involves the acquisition of various types of high-yield corporate bonds and debt instruments. Targeting securities that are below investment grade or unrated but considered of comparable quality, the fund seeks to capitalize on the higher interest rates and potential capital appreciation associated with these riskier investments. This diversification spans across domestic and international markets, enabling a broad exposure to different industries and economies.

• Equity-Related Securities

  Aside from its primary focus on high-yield debt, the fund allocates up to 20% of its assets to equity-related securities, including common stocks. This inclusion of equities in its investment portfolio allows for potential capital growth and income through dividends, serving as a strategic hedge against the fund’s predominantly debt-focused investments. It adds an additional layer of diversification, potentially mitigating risks and stabilizing returns over time.