Morningstar

NYLIM MacKay High Yield Muni Bond Class A MMHAX

Morningstar Medalist Rating
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  • NAV / 1-Day Return$11.48  /  +0.35%
  • Fund Size$9.0B
  • Adjusted Expense Ratio0.880%
  • Net Expense Ratio0.860%
  • Fee Level: DistributionAbove Average
  • Share Class TypeFront Load
  • Morningstar CategoryHigh Yield Muni
  • Fixed-Income Style Box (Funds)—
  • Minimum Initial Investment$15,000
  • Investment StatusOpen
  • TTM Yield4.19%
  • Average Effective Duration8.90 yrs
NAV and 1-Day Return as of

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 Holdings11.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

2.01193M
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.33128M
municipal

PUBLIC FIN AUTH WIS TOLL REV 5.75%

1.21117M
municipal

PUERTO RICO COMWLTH 0%

1.21116M
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.11107M
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.07103M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.5%

1.04100M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

0.9490M
municipal

BNY Dreyfus Govt Cash Mgmt Instl

0.9086M
Corporate

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

0.8380M
municipal

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