Morningstar

NYLI MacKay U.S. Infrastructure Bond Investor Class MGVNX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 7.54  /  +0.13 %
  • Total Assets 2.4B
  • Adj. Expense Ratio
    1.110%
  • Expense Ratio 1.110%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.11%
  • Effective Duration 5.86 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis MGVNX

Will MGVNX 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 MGVNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MGVNX 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 MGVNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This taxable municipal offering stands up to traditional core bonds.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

New York Life Investments MacKay US Infrastructure benefits from an experienced and stable team of municipal-bond specialists and a disciplined investment process.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings MGVNX

More MGVNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BNY Dreyfus Govt Cash Mgmt Instl

3.96 89M
Cash and Equivalents

CALIFORNIA ST 7.6%

1.78 40M
municipal

MASSACHUSETTS EDL FING AUTH ED LN REV 6.166%

1.43 32M
municipal

New York N Y City Hsg Dev Corp Multifamily Mtg Rev Taxable Bds 2024 Cl A 06

1.28 29M
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5.228%

1.05 24M
municipal

NATIONAL FIN AUTH N H UTIL REV 6.89%

1.01 23M
municipal

NEW YORK N Y 5.106%

0.89 20M
municipal

Cash Offsets For Shorts & Derivatives

0.88 20M
Cash and Equivalents

NEW YORK ENERGY FIN DEV CORP ENERGY SUPPLY REV 5%

0.87 20M
municipal

CALIFORNIA ST 7.55%

0.86 19M
municipal

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