Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.64% 1.464B -- 26.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-143.82M 5.38% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks high current income. The Fund, under normal circumstances, invests at least 80% of its assets in a portfolio of floating rate loans and other floating rate debt securities. The Fund may also purchase fixed-income and variable rate debt securities and money market securities or instruments.
General
Security Type Mutual Fund
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Loan Participation Funds
Peer Group Loan Participation Funds
Global Macro Loan Participation Funds
US Macro General Domestic Taxable Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Loan Participation Funds
Fund Owner Firm Name New York Life Investments
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 73
-190.75M Peer Group Low
490.32M Peer Group High
1 Year
% Rank: 62
-143.82M
-3.096B Peer Group Low
8.623B Peer Group High
3 Months
% Rank: 62
-582.83M Peer Group Low
1.234B Peer Group High
3 Years
% Rank: 75
-3.827B Peer Group Low
21.48B Peer Group High
6 Months
% Rank: 66
-684.05M Peer Group Low
3.764B Peer Group High
5 Years
% Rank: 32
-2.475B Peer Group Low
23.14B Peer Group High
YTD
% Rank: 62
-3.255B Peer Group Low
7.670B Peer Group High
10 Years
% Rank: 51
-13.06B Peer Group Low
23.38B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
-0.43%
8.62%
2.98%
3.54%
-1.06%
12.38%
8.59%
4.92%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
7.11%
0.13%
7.61%
1.88%
6.41%
-2.18%
12.05%
7.93%
4.56%
-0.67%
2.69%
-4.14%
9.16%
-0.11%
11.86%
8.84%
5.10%
0.98%
3.49%
-3.65%
8.74%
-1.41%
15.19%
8.52%
4.84%
-0.73%
7.04%
-2.09%
4.72%
-2.23%
12.20%
8.39%
5.03%
As of December 05, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 7.26%
30-Day SEC Yield (10-31-25) 7.18%
7-Day SEC Yield --
Number of Holdings 501
Bond
Yield to Maturity (9-30-25) 6.52%
Effective Duration --
Average Coupon 7.51%
Calculated Average Quality 5.300
Effective Maturity 4.730
Nominal Maturity 4.755
Number of Bond Holdings 475
As of September 30, 2025

Asset Allocation

As of September 30, 2025.
Type % Net
Cash 0.87%
Stock 3.27%
Bond 98.37%
Convertible 0.00%
Preferred 0.10%
Other -2.62%
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Top 10 Holdings

Name % Weight Price % Change
United States of America USGB 0.0 11/28/2025 FIX USD Government 3.24% 100.00 0.00%
United States of America USGB 11/06/2025 FIX USD Government (Matured) 1.03% 100.00 0.00%
Proofpoint Inc FRN 31-Aug-2028
0.76% -- --
AthenaHealth Group Inc FRN 15-Feb-2029
0.72% -- --
Genesys Cloud Services Inc FRN 30-Jan-2032
0.63% -- --
White Cap Supply Holdings LLC FRN 19-Oct-2029
0.62% -- --
Allied Universal Holdco LLC 20-AUG-2032 Term Loan B
0.62% -- --
Medline Borrower LP FRN 23-Oct-2028
0.61% -- --
Indy US Holdco LLC FRN 31-Oct-2030
0.60% -- --
TransDigm Inc FRN 22-Mar-2030
0.59% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 0.59%
Administration Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 0.00 None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks high current income. The Fund, under normal circumstances, invests at least 80% of its assets in a portfolio of floating rate loans and other floating rate debt securities. The Fund may also purchase fixed-income and variable rate debt securities and money market securities or instruments.
General
Security Type Mutual Fund
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Loan Participation Funds
Peer Group Loan Participation Funds
Global Macro Loan Participation Funds
US Macro General Domestic Taxable Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Loan Participation Funds
Fund Owner Firm Name New York Life Investments
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 7.26%
30-Day SEC Yield (10-31-25) 7.18%
7-Day SEC Yield --
Number of Holdings 501
Bond
Yield to Maturity (9-30-25) 6.52%
Effective Duration --
Average Coupon 7.51%
Calculated Average Quality 5.300
Effective Maturity 4.730
Nominal Maturity 4.755
Number of Bond Holdings 475
As of September 30, 2025

Fund Details

Key Dates
Inception Date 5/3/2004
Last Annual Report Date 10/31/2024
Last Prospectus Date 2/28/2025
Share Classes
MXFAX A
MXFCX C
MXFIX Inst
MXFMX Other
MXFNX Inv
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:MXFEX", "name")
Broad Asset Class: =YCI("M:MXFEX", "broad_asset_class")
Broad Category: =YCI("M:MXFEX", "broad_category_group")
Prospectus Objective: =YCI("M:MXFEX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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