Morningstar

NYLI MacKay High Yield Muni Bond Class A MMHAX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 11.72  /  0.00
  • Total Assets 9.7B
  • Adj. Expense Ratio
    0.880%
  • Expense Ratio 0.860%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 15,000
  • Status Open
  • TTM Yield 4.05%
  • Effective Duration 8.69 years

USD | NAV as of Aug 07, 2026 | 1-Day Return as of Aug 07, 2026, 6:37 PM GMT+0

Morningstar’s Analysis MMHAX

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

  • People Pillar

    The People Pillar is our evaluation of the MMHAX 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 MMHAX’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 MMHAX

More MMHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

2.10 202M
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.33 128M
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.29 124M
municipal

PUBLIC FIN AUTH WIS TOLL REV 5.75%

1.22 118M
municipal

PUERTO RICO COMWLTH 0%

1.17 113M
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.13 109M
municipal

Cash Offsets For Shorts & Derivatives

1.07 103M
Cash and Equivalents

NEW YORK TRANSN DEV CORP SPL FAC REV 5.5%

1.05 101M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

0.95 92M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

0.88 84M
municipal

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