About MTRDX
NYLI MacKay Total Return Bond Fund Class R6 is a mutual fund specializing in fixed income securities, with an emphasis on seeking total return through a combination of income and capital appreciation. The fund primarily invests at least 80% of its assets in a wide range of bonds, including government, corporate, and securitized debt, while maintaining at least 65% of its assets in investment-grade debt securities. It is categorized as an Intermediate Core-Plus Bond fund, which allows it greater flexibility than traditional core bond funds, enabling exposure to non-core sectors such as high-yield, emerging markets, and foreign currency-denominated bonds. Typically, the fund maintains a duration near that of the Bloomberg U.S. Aggregate Bond Index, offering moderate exposure to interest rate fluctuations. Its portfolio is actively managed using a blend of macroeconomic analysis and detailed security-level screening to manage risk and identify opportunities across diverse market environments. With hundreds of holdings and a focus on risk-adjusted returns, NYLI MacKay Total Return Bond Fund Class R6 plays a key role for investors seeking income generation and diversification within the broader fixed-income universe.
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 MTRDX
Share Class Class R6
Index Bloomberg U.S. Aggregate Bond TR
MTRDX had a total return of -1.62% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.19%.
