About MIXNX
NYLI Short Term Bond Fund – Investor Class is a mutual fund managed by New York Life Investment Management that seeks current income while prioritizing capital preservation. It invests primarily in short-term, investment-grade fixed-income securities, including U.S. Treasury notes, corporate bonds from issuers like Bank of America, Barclays, JPMorgan Chase, and Oracle, as well as some non-U.S. bonds. The portfolio typically features durations of 1.0 to 3.5 years, making it less sensitive to interest rate fluctuations compared to longer-term bond funds, and appeals to conservative investors. The management team employs a flexible, opportunistic strategy, allocating across sectors and issuers based on bottom-up fundamental research to capture attractive yields and manage volatility. This approach leverages the resources of New York Life Fixed Income Investors, with co-heads Neil Moriarty and Michael DePalma leading experienced professionals. The fund pays monthly distributions from net investment income, categorized in the short-term bond segment, and maintains a conservative philosophy focused on higher risk-adjusted returns through diversified domestic and limited international bond holdings alongside cash equivalents.
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 1.07% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.39%.
