MainStay Short Term Bond Fund Class I (MIXIX) NASDAQ

9.19

-0.02(-0.22%)

Updated at October 29 04:00PM

Currency In USD

MainStay Short Term Bond Fund Class I

Address

51 Madison Avenue

New York, NY 10010

United States of America

Phone

212 576 7000

Sector

Financial Services

Industry

Asset Management - Bonds

Employees

N/A

First IPO Date

December 31, 1990

Key Executives

N/A

Description

The investment seeks current income consistent with capital preservation. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in debt securities. Under normal circumstances, it invests at least 80% of net assets in investment grade quality bonds of various types as rated by a nationally recognized statistical rating organization ("NRSRO"), or if unrated, judged to be of comparable quality by NYL Investors LLC, the fund's Subadvisor. The fund may invest up to 20% of its net assets in bonds rated below investment grade by a NRSRO, commonly referred to as "high yield" or "junk" bonds.