MainStay VP Bond Portfolio
Data updated: 2026-08-24
C000025821 — MainStay VP Bond Portfolio. Long Total / Aggregate Bond · $536.82M AUM · 0.80% expense ratio. Holdings, fees, performance and SEC filings.
C000025821 Fund Overview
MainStay VP Bond Portfolio is a US mutual fund managed by Mainstay Vp Funds Trust, categorised as Long Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mainstay Vp Funds Trust
- Category: Long Total / Aggregate Bond
- Assets under management: $536.82M
- 1-year return: 3.5%
- SEC CIK: 0000887340
- SEC series ID: S000009445
- Share class ID: C000025821
C000025821 Investment Objective and Strategy
MainStay VP Bond Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mainstay Vp Funds Trust.
Investment objective
The Portfolio seeks total return.
Principal investment strategy
"The Portfolio, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in bonds, which include all types of debt securities such as debt or debt-related securities issued or guaranteed by U.S. or foreign governments, their agencies or instrumentalities; obligations of international or supranational entities; debt securities issued by U.S. or foreign corporate entities; zero coupon bonds; mortgage-related and other asset-backed securities; and loan participation interests. Debt securities are debt obligations and similar instruments that represent a creditor relationship with an issuer or trust and generally provide for the payment of interest (fixed, floating, or otherwise variable) and the repayment of principal, whether at maturity or over time.
An issuer of a security is considered to be a U.S. or foreign issuer based on the issuer's ""country of risk"" (or similar designation) as determined by a third-party such as Bloomberg. The effective maturity of this portion of the Portfolio's holdings will usually be in the intermediate range (three to ten years), although it may vary depending on market conditions as determined by NYL Investors LLC, the Portfolio's Subadvisor. Effective maturity is a measure of a debt security's maturity which takes into consideration the possibility that the issuer may call the debt security before its maturity date. At least 65% of the Portfolio's total assets will generally be invested in investment grade debt securities as rated by a nationally recognized statistical rating organization (NRSRO) (such as securities rated higher than Baa and BBB), or if unrated, determined to be of comparable quality.
If NRSROs assign different ratings to the same security, the Portfolio will use the higher rating for purposes of determining the security's credit quality. The Portfolio may invest in mortgage dollar rolls, which are transactions in which the Portfolio sells securities from its portfolio to a counterparty from whom it simultaneously agrees to buy a similar security on a delayed delivery basis. Commercial paper must have the highest rating given by an NRSRO when purchased (such as Prime-1 or A-1), or if unrated, determined to be of comparable quality by the Subadvisor. The Portfolio's principal investments may have fixed or floating rates of interest. The Portfolio may also invest in derivatives, such as futures and options, to enhance returns or reduce the risk of loss of (hedge) certain of its holdings.
Investment Process: In pursuing the Portfolios investment strategy, the Subadvisor conducts a continuous review of expected returns, yields and other information derived from a database which it maintains in managing fixed income portfolios. Fundamental economic cycle analysis, credit quality and interest rate trends are the principal factors considered by the Subadvisor in managing the Portfolio and determining whether to increase or decrease the emphasis placed upon a particular type of security or industry sector within the Portfolio's investment portfolio. The Subadvisors investment process includes a risk analysis that gives consideration to a variety of security-specific risks, including but not limited to, environmental, social and governance (ESG) risks that may have a material impact on the performance of a security.
In addition to proprietary research, the Subadvisor may use screening tools and, to the extent available, third-party data to identify ESG risk factors that may not have been captured through its own research. The Subadvisors consideration of ESG risk is weighed against other criteria and no sectors or industries are explicitly excluded from the Portfolio. Maturity duration shifts adjustments are based on a set of investment decisions that take into account a broad range of economic, fundamental and technical indicators. The Subadvisor may sell a security if it no longer believes that the security will contribute to meeting the investment objective of the Portfolio. In considering whether to sell a security, the Subadvisor may evaluate, among other things, the condition of the economy, meaningful changes in the issuer's financial condition, and changes in the condition and outlook in the issuer's industry."
C000025821 Holdings
Top 10 holdings of MainStay VP Bond Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States of America | 6.60% |
| United States of America | 5.18% |
| United States of America | 2.94% |
| United States of America | 1.98% |
| United States of America | 1.91% |
| Fnma | 0.98% |
| FNMA or FHLMC | 0.80% |
| Duke Energy Ohio, Inc. | 0.80% |
| FHLMC Pool | 0.77% |
| Hyundai Capital America | 0.75% |
C000025821 Portfolio Allocation
Asset-class allocation of MainStay VP Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 51.5% |
| Securitized | 47.4% |
| Cash & Equivalents | 0.3% |
C000025821 Performance
Total returns for C000025821 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.5% |
| 1 year | 3.5% |
| 3 years (annualised) | 4.0% |
| 5 years (annualised) | -0.5% |
C000025821 Risk Information
Risk metrics for C000025821, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.9%
C000025821 Costs and Fees
C000025821 costs about $80 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.80%
- Gross expense ratio: 0.80%
- Portfolio turnover: 271%
- Brokerage commissions: 0.32 bps of average net assets (SEC N-CEN)
C000025821 Cashflows
Over the 12 months to 2026-06, MainStay VP Bond Portfolio had net outflows of $18.25M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.21M |
| 2026-05 | −$11.33M |
| 2026-04 | −$8.65M |
| 2026-03 | −$6.31M |
| 2026-02 | −$1.44M |
| 2026-01 | −$1.98M |
C000025821 Debt Constituents
Largest debt holdings of MainStay VP Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States of America | 6.60% |
| United States of America | 5.18% |
| United States of America | 2.94% |
| United States of America | 1.98% |
| United States of America | 1.91% |
| Duke Energy Ohio, Inc. | 0.80% |
| Hyundai Capital America | 0.75% |
| RGA Global Funding | 0.70% |
| Bank of America Corp. | 0.62% |
| Deutsche Bank AG | 0.60% |
C000025821 Prospectus and SEC Filings
Official MainStay VP Bond Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-16
- Prospectus (485BPOS) — filed 2025-04-16
- Prospectus (485BPOS) — filed 2024-04-19
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other Long Total / Aggregate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.