Morningstar

NYLI MacKay High Yield Muni Bond Class C MMHDX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 11.81  /  −0.08 %
  • Total Assets 9.8B
  • Adj. Expense Ratio
    1.660%
  • Expense Ratio 1.640%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.22%
  • Effective Duration 8.69 years

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 10:48 PM GMT+0

Morningstar’s Analysis MMHDX

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

  • People Pillar

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

A best-in-class high-yield municipal bond strategy.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

A stable, seasoned municipal team ably guides NYLI MacKay High Yield Muni Bond's proven, bottom-up approach, establishing this fund as one of the best in the high-yield municipal Morningstar Category.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings MMHDX

More MMHDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

2.11 201M
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.33 127M
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.30 124M
municipal

Cash Offsets For Shorts & Derivatives

1.29 123M
Cash and Equivalents

PUBLIC FIN AUTH WIS TOLL REV 5.75%

1.22 116M
municipal

PUERTO RICO COMWLTH 0%

1.17 111M
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.13 108M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.5%

1.05 100M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.05 100M
municipal

METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 4%

0.93 89M
municipal

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