MGHAX

About MGHAX

NYLI Candriam Emerging Markets Debt Fund Class A is a mutual fund that specializes in investing in hard currency-denominated debt securities from emerging market issuers. The fund's primary objective is to achieve total return through a blend of current income and capital appreciation. Managed by specialists with deep expertise in emerging market debt, the fund employs a rigorous relative value approach, targeting inefficiencies by combining bottom-up and top-down analyses across 23 factors to assess countries’ risk and creditworthiness. The portfolio is diversified across government, quasi-government, and corporate bonds, with a particular emphasis on optimizing uncorrelated opportunities to manage risk. ESG considerations are integrated into the investment process, reflecting a commitment to responsible investing. The fund typically holds over 140 fixed-income securities, maintains a moderate credit quality mix, and features characteristics such as monthly distributions and an average effective duration near 7 years. NYLI Candriam Emerging Markets Debt Fund Class A plays a significant role in providing investors access to the growth potential and diversification benefits of emerging market debt, making it relevant for those seeking exposure beyond developed market fixed-income opportunities.