Morningstar

NYLI MacKay High Yield Muni Bond Investor Class MMHVX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 11.87  /  +0.08 %
  • Total Assets 9.7B
  • Adj. Expense Ratio
    0.910%
  • Expense Ratio 0.890%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.98%
  • Effective Duration 8.69 years

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

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 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 MMHVX

More MMHVX 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%

2.15 202M
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.33 125M
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.31 124M
municipal

PUBLIC FIN AUTH WIS TOLL REV 5.75%

1.23 116M
municipal

PUERTO RICO COMWLTH 0%

1.16 109M
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.13 107M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.5%

1.06 100M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.04 98M
municipal

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

0.91 86M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

0.86 81M
municipal

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