Morningstar

NYLIM MacKay Short Duration High Income Class I MDHIX

Medalist Rating as of Apr 27, 2026 See New York Life Investment Management Investment Hub

Strategy

The investment seeks high current income; capital appreciation is a secondary objective. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in high-yield debt securities that are rated below investment grade by a nationally recognized statistical rating organization ("NRSRO") or that are unrated but are considered to be of comparable quality by MacKay Shields LLC, the fund's Subadvisor. It will generally seek to maintain a weighted average duration of three years or less, although the fund may invest in instruments of any duration or maturity.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MDHIX	NYLIM MacKay Short Duration High Income Class I	Institutional	Open			Dec 17, 2012	$2.24B	0.780%	High	$1M	−$204.07M
MDHVX	NYLIM MacKay Short Duration High Income Investor Class	Front Load	Open			Dec 17, 2012	$3.72M	1.050%	High	$2,500	−$720,337.31
MDHAX	NYLIM MacKay Short Duration High Income Class A	Front Load	Open			Dec 17, 2012	$594.89M	1.020%	Above Average	$15,000	$1.35M
MDHCX	NYLIM MacKay Short Duration High Income Class C	Level Load	Open			Dec 17, 2012	$53.09M	1.800%	High	$2,500	−$3.48M

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