About MTMAX
NYLI MacKay Total Return Bond Fund Class A is an actively managed mutual fund in the intermediate core-plus bond category. Its primary objective is to achieve total return through a diversified portfolio made up predominantly of investment-grade U.S. fixed-income securities—including government bonds, corporate debt, and securitized instruments. The fund maintains the flexibility to complement its core holdings with non-core sectors such as high-yield bonds, bank loans, emerging-markets debt, and securities denominated in foreign currencies, allowing for enhanced yield opportunities and broader risk management. At least 80% of assets are invested in bonds, with more than 65% in investment-grade debt as defined by major rating agencies. It employs a dynamic, research-driven process that combines top-down macroeconomic analysis with bottom-up credit screening, seeking to identify attractive risk-adjusted return opportunities while mitigating uncompensated risks. With over 400 holdings, monthly dividends, and a focus on balancing income and long-term capital appreciation, this fund plays a versatile role for investors seeking regular income and diversified exposure within the fixed-income market.
Fund Family New York Life Investment Management LLC
Category Intermediate Core-Plus Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol MTMAX
Share Class Class A
Index Bloomberg U.S. Aggregate Bond TR
MTMAX had a total return of -1.66% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.05%.
