About MTMNX
NYLI MacKay Total Return Bond Fund Investor Class is a mutual fund that primarily focuses on achieving total return through a diversified portfolio of fixed-income securities. Managed by New York Life Investment Management LLC and co-managed by MacKay Shields LLC, the fund employs both top-down and bottom-up investment approaches, integrating macroeconomic analysis with comprehensive credit screening to assess risks and opportunities. It primarily invests in investment-grade U.S. fixed-income assets, including government, corporate, and securitized debt, but also retains flexibility to allocate up to 20% of its assets to bonds denominated in foreign currencies and to hold select non-investment-grade instruments. The fund targets a duration within 2.5 years (plus or minus) of the Bloomberg U.S. Aggregate Bond Index, serving as a benchmark for performance and interest rate risk. By combining a disciplined, multi-factor screening process with dynamic sector allocation, the fund seeks to optimize risk-adjusted returns across varying market conditions. It is positioned within the intermediate core-plus bond category, making it relevant for investors seeking stable income and diversification within the broader 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 MTMNX
Share Class Investor Class
Index Bloomberg U.S. Aggregate Bond TR
MTMNX had a total return of -2.16% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.69%.
