MSTIX Seeks the Sweet Spot for Risk and Yields 1
Seeks to deliver higher tax-equivalent yields than cash alternatives
Aims for a higher yield-per-duration ratio to reduce reinvestment risk
Targets maturities of three years or less, which helps lower interest rate risk
Why MSTIX Now?
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Overall Morningstar Rating based on risk-adjusted returns from among 215 Bank Loan funds, as of 3/31/25.
MXFIX
NYLI Floating Rate Fund
Class I
FIXED INCOME
Overall Morningstar Rating based on risk-adjusted returns from among 586 High Yield Bond funds, as of 03/31/25
MDHIX
NYLI MacKay Short Duration High Income Fund
Class I
FIXED INCOME
Overall Morningstar Rating based on risk-adjusted returns from among 208 Muni National Short funds, as of 03/31/25
MSTIX
NYLI MacKay Short Term Muni Fund
Class I
FIXED INCOME
MSTIX Tax-Equivalent Distribution Rate is Higher than Treasury Bills and Money Market Funds 2
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As the yield curve has normalized, MSTIX already offered higher tax-equivalent income potential compared to Treasury bills and money market funds.
MSTIX targets an average maturity of three years or less, a sweet spot that mitigates reinvestment risk from falling rates while offering a higher yield-per-duration ratio than longer maturities.
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Class A Information
Class A Information
Overall Morningstar Rating based on risk-adjusted returns from among 586 High Yield Bond funds, as of 03/31/25.
MDHIX
NYLI MacKay Short Duration High Income Fund
Class I
EQUITY
MSTIX Offers Attractive Tax Equivalent Income Potential
As the yield curve has normalized, MSTIX already offered higher tax-equivalent income potential compared to Treasury bills and money market funds.
MSTIX Finds the Sweet Spot for Risk and Yields
MSTIX targets an average maturity of three years or less, a sweet spot that mitigates reinvestment risk from falling rates, while offering a higher yield-per-duration ratio than longer maturities.
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The MainStay MacKay Short Duration High Income Fund (formerly MainStay MacKay Short Duration High Yield Fund) won the 2023 LSEG Lipper U.S. Award for consistent return in its category over 10 years.
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Delivers tax-equivalent yields competitive with cash alternatives.
Aims for a higher yield-per-duration ratio to reduce reinvestment risk.
Targets maturities of three years or less.
Why MSTIX Now?
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Seeks to deliver higher tax-equivalent yields than cash alternatives
Aims for a higher yield-per-duration ratio to reduce reinvestment risk
Targets maturities of three years or less which helps lower interest rate risk
Why MSTIX Now?
View Product Details
Overall Morningstar Rating based on risk-adjusted returns from among 208 Muni National Short funds, as of 03/31/25.
MSTIX
NYLI MacKay Short Term Muni Fund
Class I
EQUITY
Class A
Class A
Overall Morningstar Rating based on risk-adjusted returns from among 586 High Yield Bond funds, as of 03/31/25.
MDHIX
NYLI MacKay Short Duration High Income Fund
Class I
EQUITY
The NYLI Epoch Global Equity Yield Fund (EPSYX) consistently invests in companies that have committed to increasing their dividends, resulting in a diversified core holding of high-quality companies with lower volatility vs. the benchmark
Good Upside Participation and Better Downside Protection
The team’s philosophy and process, predicated upon margin-of-safety analysis, has driven higher levels of income per unit of duration.
Historically Delivered a Strong Level of Income per Unit of Duration
Over the past ten years, short duration high yield has not only outperformed core bonds, investment grade corporates, and U.S. Treasuries, but it has produced greater risk-adjusted returns as well.
A Strategic Solution with Strong Risk-Adjusted Returns
Short duration high yield has the potential to generate relatively high levels of income while adding diversification. Solid fundamentals, attractive prices, and a supportive technical backdrop make the asset class notable amongst fixed income.
Higher Quality Income with Shorter Duration
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The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. guaranteed by LSEG Lipper. The NYLI MacKay Short Duration High Income Fund won the award in its category over 10 years from among 14 funds for the period ended 12/31/2024. For more information, see lipperfundawards.com.
LSEG Lipper Fund Awards, ©2025 LSEG. All rights reserved. Used under license.
Relies on "margin of safety" analysis to identify companies with thorough asset coverage and free cash flow
The asset class has produced greater risk-adjusted returns compared to traditional bond benchmarks
Invests in short-duration high yield, which has outplaced core bonds, investment-grade corporates, and U.S. Treasuries over the past decade
Why MDHIX Now?
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Overall Morningstar Rating based on risk-adjusted returns from among 208 Muni National Short funds, as of 03/31/25.
MSTIX
NYLI MacKay Short Term Muni Fund
Class I
EQUITY
Class A
Class A
Good Upside Participation and Better Downside Protection
The NYLI Epoch Global Equity Yield Fund (EPSYX) consistently invests in companies that have committed to increasing their dividends, resulting in a diversified core holding of high-quality companies with lower volatility vs. the benchmark
The team’s philosophy and process, predicated upon margin-of-safety analysis, has driven higher levels of income per unit of duration.
Historically Delivered a Strong Level of Income Per Unit of Duration 4
Over the past ten years, short duration high yield has not only outperformed core bonds, investment grade corporates, and U.S. Treasuries, but it has produced greater risk-adjusted returns as well.
A Strategic Solution with Strong Risk-Adjusted Returns
Short duration high yield has the potential to generate relatively high levels of income while adding diversification. Solid fundamentals, attractive prices, and a supportive technical backdrop make the asset class notable amongst fixed income.
Higher Quality Income with Shorter Duration 3
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The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. The NYLI MacKay Short Duration High Income Fund won the award in the Short High Yield category over 10 years from among 14 funds for the period ended 12/31/2024. For more information, see lipperfundawards.com.
LSEG Lipper Fund Awards, ©2025 LSEG. All rights reserved. Used under license. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, their accuracy is not guaranteed by LSEG Lipper.
Relies on "margin of safety" analysis to identify companies with thorough asset coverage and free cash flow
The asset class has produced greater risk-adjusted returns compared to traditional bond benchmarks
Invests in short-duration high yield, which has outpaced core bonds, investment-grade corporates, and U.S. Treasuries over the past decade
Why MDHIX Now?
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FIXED INCOME
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Overall Morningstar Rating based on risk-adjusted returns from among 215 Bank Loan funds, as of 3/31/25.
MXFIX
NYLI Floating Rate Fund
Class I
Overall Morningstar Rating based on risk-adjusted returns from among 586 High Yield Bond funds, as of 03/31/25
MDHIX
NYLI MacKay Short Duration High Income Fund
Class I
Class A Information
FIXED INCOME
NYLI MacKay Short Term Muni Fund
Overall Morningstar Rating based on risk-adjusted returns from among 208 Muni National Short funds, as of 03/31/25
MSTIX
Class I
FIXED INCOME
Class A Information
Overall Morningstar Rating based on risk-adjusted returns from among 586 High Yield Bond funds, as of 03/31/25.
MDHIX
NYLI MacKay Short Duration High Income Fund
Class I
EQUITY
Overall Morningstar Rating based on risk-adjusted returns from among 208 Muni National Short funds, as of 03/31/25.
MSTIX
NYLI MacKay Short Term Muni Fund
Class I
EQUITY
Class A
Class A