NYLI Short Term Bond Fund Class I (MIXIX)

Overview

The investment fund is focused on delivering current income while maintaining capital preservation for its investors. It primarily targets the allocation of its assets towards debt securities, ensuring a significant portion is invested in investment grade quality bonds. These efforts are guided by a commitment to investing in securities that are either rated by a nationally recognized statistical rating organization (NRSRO) or, if unrated, are determined to be of similar quality by the fund's Subadvisor, NYL Investors LLC. The fund also allows for a portion of its investments to be in bonds that are rated below investment grade, acknowledging the higher yield potential despite the increased risk.

Products and Services

• Debt Securities Investment

  The fund commits at least 80% of its assets, adjusting for any borrowings intended for investment purposes, towards debt securities. This strategic focus underlines its prioritization of capital preservation while striving for current income, making it suitable for investors seeking a conservative approach to income generation through debt instruments.

• Investment Grade Bonds

  Allocating at least 80% of its net assets towards investment grade quality bonds signifies the fund's emphasis on maintaining a high quality of investments. Bonds within this category are rated by a NRSRO or deemed of comparable quality by NYL Investors LLC, reflecting a lower risk profile and a more stable investment option.

• High Yield Bonds

  Up to 20% of the fund's net assets may be invested in high yield or "junk" bonds. These bonds, while rated below investment grade by a NRSRO, offer higher yield potential. This strategy showcases the fund's willingness to embrace measured risk to achieve potentially higher returns, diversifying the investment approach without straying far from its conservatively oriented objectives.