NYLI MacKay High Yield Corporate Bond Fund Class C (MYHCX)

Overview

This fund primarily focuses on investing in high-yield corporate debt securities, often known as junk bonds, which are either rated below investment grade or unrated but considered to be of similar quality. These investments, making up at least 80% of the fund's assets, encompass a wide range of domestic and international corporate debt securities, offering investors exposure to higher risk and potentially higher return assets. The fund operates under the premise that, while high-yield bonds come with increased risk, they also provide an opportunity for significant income. This strategy targets investors seeking to diversify their portfolios with high-yield, high-risk bonds.

Products and Services

• High-Yield Corporate Debt Securities

This product category includes a broad spectrum of high-yield domestic and international corporate bonds. These securities are characterized by lower credit ratings or are unrated, deemed by the Subadvisor to have a comparable quality to rated issues. The focus on high-yield debt instruments is designed to cater to investors looking for higher income potential relative to investment-grade bonds, albeit with a higher level of risk.

• Equity-Related Securities

Up to 20% of the fund's net assets may be allocated to common stocks and other equity-related securities. This portion of the fund's strategy aims to incorporate growth potential through equity investments, diversifying its income sources and potentially enhancing returns. Equity-related securities can offer the opportunity for capital appreciation, adding a layer of growth potential to the fund's income-focused strategy.