About MHHSX
NYLI MacKay High Yield Corporate Bond Fund Simple Class is an open‑end mutual fund focused on non‑investment‑grade corporate debt. Its primary objective is to generate maximum current income, with capital appreciation as a secondary goal, by investing in a diversified portfolio of high‑yield bonds across industries and issuers. The strategy is managed by MacKay Shields’ dedicated high‑yield team, which applies bottom‑up fundamental credit research and a proprietary relative‑value discipline to balance income capture with risk management. The portfolio typically emphasizes lower‑rated corporate credit with low to limited interest‑rate sensitivity, reflecting the asset class’s shorter effective duration profile. Notable exposures often include cyclical and leveraged sectors such as energy, industrials, consumer discretionary, and telecommunications, consistent with the high‑yield market’s issuer base. Within the U.S. high‑yield bond category, the fund has been recognized for a structured process and experienced leadership, contributing to competitive, risk‑aware results across share classes. Its role in the market is to provide diversified access to sub‑investment‑grade income, serving investors seeking bond‑oriented cash flow and broad exposure to corporate credit below investment grade.
Fund Family New York Life Investment Management LLC
Category High Yield Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MHHSX
Share Class Simple Class
Index ICE BofA US High Yield Constrained TR
MHHSX had a total return of 5.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.87%.
