NYLI Short Term Bond Fund;I

Frequently Asked Questions About MIXIX

What does MIXIX invest in?

The fund aims to provide a steady stream of income while also safeguarding its principal. Typically, it invests a minimum of 80% of its total assets (including net assets and any borrowed capital used for investment) in various debt securities. Furthermore, at least 80% of its net assets are specifically allocated to investment-grade quality bonds. The quality of these bonds is determined by ratings from nationally recognized statistical rating organizations (NRSROs) or, if unrated, by the comparable judgment of NYL Investors LLC, the fund's Subadvisor. The fund also has the option to commit up to 20% of its net assets to bonds that are rated below investment grade by an NRSRO, which are often called "high yield" or "junk" bonds.

What is the expense ratio of MIXIX?

NYLI Short Term Bond Fund;I (MIXIX) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

What is MIXIX's dividend yield?

MIXIX's trailing-twelve-month yield is 4.41%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MIXIX?

Effective duration measures MIXIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MIXIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of MIXIX?

MIXIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of MIXIX?

Yield to maturity (YTM) is the total return you'd earn from MIXIX if every bond in the portfolio is held to maturity at the current price. MIXIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.