About MTMIX
NYLI MacKay Total Return Bond Fund Class I is an open-end mutual fund focused on achieving a total return by investing primarily in a broad range of fixed income securities. The fund allocates at least 80% of its assets to bonds, including U.S. and foreign government obligations, corporate debt, mortgage-backed securities, and other asset-backed securities. Its strategy emphasizes diversification across issuers, sectors, and security types, while maintaining a majority of its portfolio—at least 65%—in investment-grade bonds as rated by major agencies. The investment team combines top-down macroeconomic analysis with bottom-up security selection, aiming to navigate various market environments while minimizing uncompensated risk through a rigorous 35-factor screening process. The fund typically keeps its duration within 2.5 years of the Bloomberg U.S. Aggregate Bond Index, serving as a core fixed income holding for institutional and high-net-worth investors. With risk-adjusted return generation as a key goal, NYLI MacKay Total Return Bond Fund Class I plays a significant role in providing diversification, income, and capital preservation within a balanced investment portfolio.
Fund Family New York Life Investment Management LLC
Category Intermediate Core-Plus Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol MTMIX
Share Class Class I
Index Bloomberg U.S. Aggregate Bond TR
MTMIX had a total return of 4.88% in the past year, including dividends.
Since the fund's inception, the average annual return has been 5.23%.
