Morningstar

NYLIM MacKay High Yield Muni Bond Investor Class MMHVX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $10.92  /  +0.55 %
  • Fund Size $8.8B
  • Adjusted Expense Ratio 0.910%
  • Net Expense Ratio 0.890%
  • Fee Level: Distribution High
  • Share Class Type Front Load
  • Morningstar Category High Yield Muni
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 4.29%
  • Average Effective Duration 8.15 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MMHVX

Will MMHVX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MMHVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MMHVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MMHVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A top-tier, high-yield tax-exempt offering.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

NYLI MacKay High Yield Muni Bond benefits from deep municipal industry expertise, a collaborative team, and a proven relative value approach, placing it among the best high-yield municipal funds.

by Paul Olmsted
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Portfolio Holdings MMHVX

More MMHVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.99 191M
municipal

BNY Dreyfus Govt Cash Mgmt Instl

1.74 167M
Cash and Equivalents

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.36 131M
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.34 129M
municipal

PUBLIC FIN AUTH WIS TOLL REV 5.75%

1.22 117M
municipal

PUERTO RICO COMWLTH 0%

1.21 116M
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.12 108M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.5%

1.04 100M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

0.93 90M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

0.84 81M
municipal

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