MainStay VP Indexed Bond Portfolio
Data updated: 2024-11-25
C000182232 — MainStay VP Indexed Bond Portfolio. Long Total / Aggregate Bond · $238.10M AUM. Holdings, fees, performance and SEC filings.
C000182232 Fund Overview
MainStay VP Indexed 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: $238.10M
- 1-year return: 11.1%
- SEC CIK: 0000887340
- SEC series ID: S000057212
- Share class ID: C000182232
C000182232 Investment Objective and Strategy
MainStay VP Indexed 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 investment results that correspond to the total return performance of fixed-income securities in the aggregate, as represented by the Portfolio's primary benchmark index.
Principal investment strategy
The Portfolio, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in fixed-income securities that NYL Investors LLC (NYL Investors), the Portfolio's Subadvisor, believes will correspond to the performance of the Bloomberg Barclays U.S. Aggregate Bond Index. The Bloomberg Barclays U.S. Aggregate Bond Index covers the U.S. investment grade fixed rate bond market, with components for government and corporate securities, mortgage pass-through securities, asset-backed securities and commercial mortgage-backed securities. Index funds, such as the Portfolio, seek to match the return on their respective indices gross of fees, unlike other actively managed funds which generally seek to beat an index or indices. No attempt is made to manage the Portfolio in an active manner by using economic, financial or market analysis.
The Portfolio may invest in U.S. dollar-denominated foreign securities that are issued by companies organized outside the U.S. The Portfolio may also invest in variable rate notes, floaters and mortgage-related and asset-backed securities. 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. The Portfolio may invest up to 20% of its total assets in options and futures contracts to maintain cash reserves while being fully invested, to facilitate trading or to reduce transaction costs. The Portfolio may invest in such derivatives to try to enhance returns, improve correlation or reduce the risk of loss by hedging certain of its holdings.
Investment Process: The Subadvisor employs an analytical approach to tracking the securities that comprise the Bloomberg Barclays U.S. Aggregate Bond Index. Using this method, the Portfolio invests in fixed-income securities which, in the aggregate, are expected to correspond to the performance of the Bloomberg Barclays U.S. Aggregate Bond Index. Changes in the characteristics or the composition of the Bloomberg Barclays U.S. Aggregate Bond Index may, from time to time, warrant adjustments to the Portfolio's portfolio. The correlation between the investment performance of the Portfolio and the Bloomberg Barclays U.S. Aggregate Bond Index is expected to be at least 0.95, on an annual basis, before fees and expenses. A correlation of 1.00 would indicate perfect correlation, which would be achieved when the net asset value of the Portfolio, including the value of its dividend and capital gains distributions, increases or decreases in exact proportion to changes in the Bloomberg Barclays U.S.
Aggregate Bond Index. The weighted average life of the securities in the Portfolio's portfolio will approximate the weighted average life of securities in the Bloomberg Barclays U.S. Aggregate Bond Index, which will vary from time to time. The weighted average life of the Bloomberg Barclays U.S. Aggregate Bond Index as of February 28, 2018 was 8.42 years. The Subadvisor may sell a security if it believes the security will no longer contribute to meeting the investment objective of the Portfolio.
C000182232 Holdings
Top 10 holdings of MainStay VP Indexed Bond Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Gnma | 1.60% |
| Gnma | 1.52% |
| United States of America | 1.49% |
| United States of America | 1.47% |
| United States of America | 1.32% |
| Bank of America Corp. | 1.29% |
| United States of America | 1.27% |
| United States of America | 1.25% |
| United Mexican States | 1.08% |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | 1.00% |
C000182232 Portfolio Allocation
Asset-class allocation of MainStay VP Indexed Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 66.5% |
| Securitized | 27.7% |
| Other | 1.0% |
C000182232 Performance
Total returns for C000182232 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 11.1% |
| 3 years (annualised) | -1.7% |
| 5 years (annualised) | 0.0% |
C000182232 Risk Information
Risk metrics for C000182232, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.2%
C000182232 Costs and Fees
C000182232 costs about $31 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.31%
- Gross expense ratio: 0.31%
- Portfolio turnover: 49%
- Brokerage commissions: 0.21 bps of average net assets (SEC N-CEN)
C000182232 Cashflows
Over the 12 months to 2024-09, MainStay VP Indexed Bond Portfolio had net outflows of $30.78M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | −$197.33K |
| 2024-08 | −$13.82M |
| 2024-07 | −$1.68M |
| 2024-06 | −$4.51M |
| 2024-05 | −$4.92M |
| 2024-04 | $442.14K |
C000182232 Debt Constituents
Largest debt holdings of MainStay VP Indexed Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States of America | 1.49% |
| United States of America | 1.47% |
| United States of America | 1.32% |
| Bank of America Corp. | 1.29% |
| United States of America | 1.27% |
| United States of America | 1.25% |
| United Mexican States | 1.08% |
| United States of America | 0.99% |
| United States of America | 0.97% |
| United States of America | 0.97% |
C000182232 Prospectus and SEC Filings
Official MainStay VP Indexed Bond Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-19
- Prospectus (485BPOS) — filed 2023-04-14
- Prospectus (485BPOS) — filed 2022-04-19
- Portfolio holdings (N-PORT) — filed 2024-11-25
- Portfolio holdings (N-PORT) — filed 2024-08-27
- Portfolio holdings (N-PORT) — filed 2024-05-24
- Annual census (N-CEN) — filed 2024-03-15
- Annual census (N-CEN) — filed 2023-03-16
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.