Webinar: Deconstructing the Infrastructure Bill with Jeff Bush from the Washington Update

Insights. Strategies. Solutions. We Have the Infrastructure in Place. 

At New York Life Investments, we know infrastructure. With proven insights and time tested performance, we believe our management team can help capitalize on the ever growing opportunity.

     

      

Beyond Bonds and Bridges

       

The Missing Link in ESG and Sustainability Strategies

An integrated ESG approach to infrastructure helps align portfolios with sustainability goals and seeks to capture important fundamentals that are unique to the asset class — we believe this will be a dominant investment theme of the next decade.

     

infrastructure infographic
crescent city bridge

       

Tackle the Bond Conundrum with Taxable Municipal Bonds

The taxable municipal market relative to corporate bonds can create relative value opportunities for skilled active municipal managers seeking total returns.

     

Get the latest infrastructure insights from Bob DiMella, Executive Managing Director and Portfolio Manager, MacKay Municipal Managers, and Jeremy Anagnos, CIO Infrastructure and Portfolio Manager, CBRE.

        

Changing Municipal Landscape

With the credit landscape continuously evolving, Bob DiMella, Co-Head, Co-CIO and Portfolio Manager, MacKay Municipal Managers, discusses how investors can find value in today’s municipal marketplace.

     

        

Infrastructure Supercycle Megatrends

Jeremy Anagnos, CIO Infrastructure and Portfolio Manager, CBRE, highlights the three megatrends that are defining the supercycle today: aging assets, decarbonization and digital transformation.

     

With proven insights and time-tested performance, our management team can help capitalize on the ever-growing “Infrastructure Opportunity.”     

           

             

Additional Infrastructure Solutions

Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than the figures shown. Investment return and principal value will fluctuate so that upon redemption, shares may be worth more or less than their original cost. Performance figures for all Funds reflect contractual waivers and/or expense limitations, without which total returns may have been lower. These limitations may be modified or terminated only with Board approval.

Click on the product name for the most recent overall risk-adjusted Morningstar ratings shown above, including ratings by share class and time period and the number of funds in each category. The Fund page also includes the prospectus, investment objectives, performance, risk and other important information.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance (this does not include the effects of sales charges, loads, and redemption fees). The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.


Lipper Rating: The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60, and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper. The MainStay CBRE Global Infrastructure Fund (VCRIX) is the winner of the Refinitiv Lipper Fund United States 2021 Award for Best Infrastructure Fund Over 5 Years among 15 funds. ©2021 Refinitiv. All rights reserved. Used under license.


Each fund’s return is measured against all funds in its Refinitiv Lipper category, resulting in a percentile ranking of 100 being the highest and one the lowest. This result is then weighted by asset size, relative to the fund family’s other assets in its general classification. If a family’s biggest funds do well, that boosts its overall showing; poor performance in its biggest funds hurts a firm’s ranking. Finally, the score is multiplied by the general classification weightings as determined by the entire Lipper universe of funds.


The category weightings for the one-year results in 2020 were general equity, 35.6%; mixed asset, 20.7%; world equity, 17.3%; taxable bond, 21.9%; and tax-exempt bond, 4.8%. The category weightings for the five-year results in 2020 were general equity, 36.2%; mixed asset, 20.9%; world equity, 16.9%; taxable bond, 21.6%; and tax-exempt bond, 4.4%. For the 10-year list, they were general equity, 37.5%; mixed asset, 19.5%, world equity, 17.3%; taxable bond, 20.8%; and tax-exempt bond, 4.8%. Ranking data is from Lipper.

*Estimated total required infrastructure investment by 2040; Source: Global Infrastructure Hub, International Renewable Energy Agency (IRENA) and CBRE Investment Management, June 2021. The estimated total required infrastructure investment reflects the amount of infrastructure investment estimated to be required to meet current climate goals. Information is the opinion of CBRE Investment Management, which is subject to change and is not intended to be a forecast of future events, a guarantee of future results, or investment advice. Forecasts and any factors discussed are not a guarantee of future results and are provided for illustrative purposes only. Past performance is no guarantee of future results.