Organizational structure.

Fixed Income Investors is the fixed income asset management division of NYL Investors LLC, a direct subsidiary of New York Life Insurance Company.

Formed in October, 2013, NYL Investors has primary responsibility for managing the fixed income assets of its parent company, New York Life. NYL Investors, including certain affiliates, has approximately $232 billion in assets under management1 as of March 31, 2017, of which approximately $146 billion is managed by Fixed Income Investors.

Our parent company, New York Life, was founded in 1845 and is a Fortune 100 company.2 It is one of the largest mutual life insurance companies in the United States, holding the highest possible ratings for financial strength currently awarded to any U.S. life insurer.3

1 Prior to the formation of NYL Investors, Fixed Income Investors, Private Capital Investors and Real Estate Investors operated as an investment division of New York Life Investment Management, LLC which is an affiliated investment adviser. Assets under management represent the combined fixed income assets of New York Life Investment Management LLC & NYL Investors.
2 Fortune Magazine, June 2016.
3 Source: Moody’s Credit Opinion, August 2016; S&P Rating Report, July 2016. Fitch Rating Report, September 2016; AM Best Rating Report, July 2016. Ratings are based on the financial strength of New York Life Insurance Company and apply only to Guaranteed Products.