Morningstar

NYLIM MacKay Strategic Bond Class R6 MSYEX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $8.49  /  +0.12 %
  • Fund Size $1.9B
  • Adjusted Expense Ratio 0.620%
  • Net Expense Ratio 0.620%
  • Fee Level: Distribution Above Average
  • Share Class Type Retirement, Large
  • Morningstar Category Multisector Bond
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 5.78%
  • Average Effective Duration 4.07 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MSYEX

Will MSYEX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MSYEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MSYEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MSYEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Organizational upgrades give the managers more to work with.

Analyst Peter Como

Peter Como

Analyst

Summary

The January 2026 combination of New York Life’s general account management and its asset management arm, New York Life Investment Management, added staff and research capacity to the investment team. Alongside the restructuring of the management team in 2025, both are overall positives for NYLIM MacKay Strategic Bond. The heavy concentration in securitized and credit relies on newly expanded research teams for sector-specific analysis and bottom-up decision-making.

by Peter Como
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Portfolio Holdings MSYEX

More MSYEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.625%

4.49 81M
Government

United States Treasury Notes 4.375%

4.48 81M
Government

NYLIM U.S. Government Liquidity Class I

1.89 34M
Cash and Equivalents

United States Treasury Bonds 5.125%

1.06 19M
Government

Federal National Mortgage Association 5%

0.87 16M
Securitized

Federal National Mortgage Association 4.5%

0.84 15M
Securitized

Federal National Mortgage Association 5.5%

0.83 15M
Securitized

JP MORGAN MORTGAGE TRUST 2026-ACES1 0%

0.48 9M
Securitized

Federal Home Loan Mortgage Corp. 0%

0.44 8M
Securitized

PMT LOAN TRUST 2026-J3 0%

0.43 8M
Securitized

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