Morningstar

NYLIM MacKay Strategic Bond Class I MSDIX

Morningstar Medalist Rating
Unlock
  • NAV / 1-Day Return$8.42  /  −0.12%
  • Fund Size$1.9B
  • Adjusted Expense Ratio0.680%
  • Net Expense Ratio0.700%
  • Fee Level: DistributionAbove Average
  • Share Class TypeInstitutional
  • Morningstar CategoryMultisector Bond
  • Fixed-Income Style Box (Funds)—
  • Minimum Initial Investment$1M
  • Investment StatusOpen
  • TTM Yield5.70%
  • Average Effective Duration4.07 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MSDIX

Will MSDIX 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 MSDIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MSDIX 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 MSDIX’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
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MSDIX

More MSDIX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings20.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.375%

4.9595M
Government

Us Dollar

4.6188M
Cash and Equivalents

United States Treasury Notes 4.625%

4.4485M
Government

Federal National Mortgage Association 5.5%

2.1742M
Securitized

Federal National Mortgage Association 6%

2.1441M
Securitized

Federal National Mortgage Association 5%

2.1341M
Securitized

United States Treasury Notes 4.375%

1.5930M
Government

Federal National Mortgage Association 4.5%

1.4428M
Securitized

United States Treasury Bonds 5.125%

1.0721M
Government

NYLIM U.S. Government Liquidity Class I

0.7013M
Cash and Equivalents

Sponsor Center

Site Index
United States Flag United States

© Copyright 2026 Morningstar, Inc. All rights reserved. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.