NYLIM VP MacKay High Yield Corporate Bond Portfolio
NYLIM VP FUNDS TRUST
Fund classification
Classified from what the fund holds · as of 2026 Q2
NYLIM VP MacKay High Yield Corporate Bond Portfolio is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- High yield
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2026 Q2
The Portfolio seeks maximum current income through investment in a diversified portfolio of high-yield debt securities. Capital appreciation is a secondary objective.
The fund invests at least 80% of its assets in high-yield corporate debt securities rated below investment grade, selected by its subadvisor through analysis of individual companies' competitive position, financial condition, and asset coverage relative to debt value. The fund may also hold up to 20% in equities and may shift to investment-grade securities or cash during periods of adverse market conditions. Because security selection depends on the subadvisor's subjective appraisal of asset coverage, portfolio composition will reflect the subadvisor's judgments rather than a fixed benchmark.
| Share class | Expense ratio |
|---|---|
| C000025826 | 0.59% |
| C000025827 | 0.84% |
Portfolio turnover 30.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 88.61% |
| Loans | 5.41% |
| Stocks | 1.43% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 53.9% |
| International | 14.5% |
| Consumer Discretionary | 6.4% |
| Utilities | 4.0% |
| 8 smaller | 21.1% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Core Scientific Finance I LLC, PR RNO Property Owner 1 LLC, Talen Energy Supply LLC ×2, Skeena Resources Ltd., LifePoint Health, Inc., APLD ComputeCo LLC, Hilton Domestic Operating Co., Inc.
Largest exited: Talen Energy Supply LLC, Lightning Power LLC, Hologic, Inc., James Hardie International Finance DAC, Harvest Midstream I LP, Diamond Foreign Asset Co., Discovery Global Holdings, Inc., Outfront Media Capital LLC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 91.3% |
| Floating rate | 8.7% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.1% |
| 1-3y | 23.3% |
| 3-5y | 35.6% |
| 5-10y | 36.2% |
| 10y+ | 2.8% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 53% |
| Interest rates | 47% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.79 yr |
| Investment grade | +0.05 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.37 yr | 15% |
| 5 yr | 1.60 yr | 62% |
| 10 yr | 0.51 yr | 20% |
| 30 yr | 0.09 yr | 3% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.41 yr | 14% |
| 5 yr | 1.76 yr | 62% |
| 10 yr | 0.53 yr | 19% |
| 30 yr | 0.14 yr | 5% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $81 | $854 |
| 1 yr | +0.37 | +0.01 | +0.40 | $2.9k | $124.3k |
| 5 yr | +1.60 | +0.03 | +1.73 | $9.0k | $539.7k |
| 10 yr | +0.51 | +0.01 | +0.51 | $4.4k | $159.8k |
| 30 yr | +0.09 | +0.00 | +0.14 | $405 | $43.4k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Great Outdoors Group LLC6.90% floating · due 2032-01-23 | 0.76% | — | $23.59M | — |
| — | TransDigm, Inc.6.38% · due 2029-03-01 | 0.59% | — | $18.38M | — |
| — | CCO Holdings LLC4.50% · due 2032-05-01 | 0.55% | — | $17.06M | — |
| — | Core Scientific Finance I LLC7.75% · due 2031-05-15 | 0.52% | — | $16.20M | — |
| — | Energy Technologies Ltd. | 0.50% | $1,438.00 | $15.45M | 10.7K |
| — | Watco Cos. LLC7.13% · due 2032-08-01 | 0.49% | — | $15.20M | — |
| — | Organon & Co.5.13% · due 2031-04-30 | 0.48% | — | $15.07M | — |
| — | Clarivate Science Holdings Corp.4.88% · due 2029-07-01 | 0.48% | — | $14.92M | — |
| — | JB Poindexter & Co., Inc.8.75% · due 2031-12-15 | 0.47% | — | $14.67M | — |
| — | Star Leasing Co. LLC7.63% · due 2030-02-15 | 0.47% | — | $14.59M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 5.30% of net assets, top 25 11.61%, across 391 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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