MainStay MacKay Strategic Bond Fund Class I is an institutional-class mutual fund specializing in the multisector bond category. Its primary purpose is to deliver total return by allocating investments across a diverse range of domestic and foreign debt securities, including U.S. Treasuries, corporate bonds, high-yield instruments, and securitized assets. The fund maintains a flexible mandate, typically investing at least 80% of its assets in bonds and employing both top-down and bottom-up research strategies to assess global opportunities. Notable features include active risk management, a focus on generating risk-adjusted returns, and dynamic portfolio adjustments in response to changing market conditions. The fund's holdings span investment-grade and below-investment-grade debt, with a duration profile that seeks to balance income with interest rate risk. This approach enables exposure to multiple credit sectors, aiming for a diversified source of returns. As a multisector bond fund, MainStay MacKay Strategic Bond Fund Class I plays a significant role for institutions and investors seeking broad fixed-income exposure and an actively managed alternative to single-sector bond funds, particularly during periods of market volatility or shifting interest rates.
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