Fund info

NYLI MacKay Convertible Fund Investor Class is an open-end mutual fund focused on achieving **capital appreciation and current income** through investing primarily in **convertible securities**. Convertible securities are hybrid instruments, typically bonds or preferred stocks that can be converted into a predetermined number of common shares, offering a balance between fixed income and equity characteristics. The fund employs a targeted approach, concentrating on balanced convertibles that seek to capture upside potential while limiting downside risk, thereby positioning itself as a total return strategy with an emphasis on **risk management**. Managed by an experienced team, the fund is recognized for its conservative and often cash-heavy portfolio, which can provide resilience during market downturns. Its holdings span across various sectors, with a significant portion in corporate convertible bonds, and a small allocation to cash and equivalents for flexibility. The NYLI MacKay Convertible Fund Investor Class serves investors looking for a blend of equity and fixed income exposure, offering diversification benefits and a strategic role within portfolios seeking to temper volatility while participating in market growth.