Zachary Aronson
Managing Director

Zach is a Structured Products Credit Analyst and Portfolio Manager. He covers RMBS, CMBS, and ABS sectors. He joined the Global Fixed Income team in April 2019 as an Associate Director and Structured Products Credit Analyst.

Prior to joining MacKay Shields, he worked at Ally Bank where he was responsible for analyzing and trading Asset Backed Securities, Commercial Mortgage-Backed Securities and non-Agency Residential Mortgage-Backed Securities.  

Zach earned a Bachelor of Science in Finance in 2009 from the Robert H. Smith School of Business at the University of Maryland, College Park. He has been in the investment management industry since 2009.

   

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Morningstar Rating Risk Adjusted Returns As of 12/31/2025 Average Annual Total Returns As of 12/31/2025 As of 12/31/2025
Symbol Name Asset Class Share Class Overall Rating Category Funds in Category YTD 1Y 3Y 5Y 10Y SI Incept. Date
CPLB NYLI MacKay Core Plus Bond ETF Fixed Income - Morning Star Rating Morning Star Rating Morning Star Rating Morning Star Rating Intermediate Core-Plus Bond 491 0.33 0.33 0.24 0.24 7.38 7.38 7.80 7.80 6.29 6.29 6.35 6.35 - - - - - - - - 0.68 0.68 0.74 0.74 06/29/2021
MTRAX NYLI Income Builder Fund Multi-Asset A Morning Star Rating Morning Star Rating Morning Star Rating Global Moderate Allocation 407 1.70 1.70 -1.35 -1.35 16.67 16.67 13.17 13.17 12.46 12.46 11.32 11.32 6.23 6.23 5.59 5.59 7.03 7.03 6.43 6.43 6.98 6.98 6.79 6.79 01/03/1995
MTMAX NYLI MacKay Total Return Bond Fund Fixed Income A Morning Star Rating Morning Star Rating Morning Star Rating Intermediate Core-Plus Bond 491 0.22 0.22 -4.29 -4.29 7.51 7.51 2.68 2.68 6.44 6.44 4.82 4.82 0.22 0.22 -0.70 -0.70 2.60 2.60 2.13 2.13 3.47 3.47 3.25 3.25 01/02/2004
MASAX NYLI MacKay Strategic Bond Fund Fixed Income A Morning Star Rating Morning Star Rating Morning Star Rating Multisector Bond 334 0.23 0.23 -4.28 -4.28 8.11 8.11 3.25 3.25 7.97 7.97 6.33 6.33 3.41 3.41 2.47 2.47 4.04 4.04 3.56 3.56 4.87 4.87 4.70 4.70 02/28/1997
SECR NYLI MacKay Securitized Income ETF Fixed Income - - Securitized Bond - Diversified 82 0.39 0.39 0.51 0.51 7.86 7.86 7.83 7.83 6.22 6.22 - - 1.24 1.24 - - - - - - 8.12 8.12 8.12 8.12 05/31/2024

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.


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.


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.