About MIXNX
NYLI Short Term Bond Fund – Investor Class is an open‑end mutual fund focused on generating current income while emphasizing capital preservation. The strategy concentrates on **short‑maturity, investment‑grade** U.S. fixed income, using a conservative, research‑driven process that allocates across government, agency, mortgage‑backed, asset‑backed, and high‑quality corporate bonds to manage interest‑rate sensitivity and dampen volatility. According to the sponsor, the team maintains a flexible, bottom‑up approach that seeks attractive yields without compromising on risk controls, leveraging the resources of New York Life Fixed Income Investors for credit analysis and portfolio construction. Fund materials indicate the mandate allows a measured allocation to below‑investment‑grade issues, capped at a minority share of assets, to broaden opportunity while maintaining a short‑term risk profile. With a track record dating to 2008, regular monthly distributions, and a focus on high‑quality short‑duration exposure, the fund serves as a core cash‑flow and liquidity sleeve for diversified portfolios, offering a potential stabilizer during periods of interest‑rate change and credit market fluctuations.
Fund Family New York Life Investment Management LLC
Category Short-Term Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MIXNX
Share Class Investor Class
Index Bloomberg 1-3 Y Government/Credit TR
MIXNX had a total return of 4.38% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.50%.
