MMHVX – NYLIM MacKay High Yield Muni Bond Inv Cl Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of current income exempt from federal income taxes; the secondary investment objective is total return. The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal bonds. It may invest up to 10% of its net assets in municipal bonds that are the subject of bankruptcy proceedings, that are in default as to the payment of principal or interest, or that are rated in the lowest rating category by a NRSRO or if unrated, judged to be of comparable quality by the subadvisor.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MMHIX	NYLIM MacKay High Yield Muni Bond Class I	Institutional	Open			Mar 31, 2010	$6.17B	0.630%	Above Average	$1M	$25.75M
MMHAX	NYLIM MacKay High Yield Muni Bond Class A	Front Load	Open			Mar 31, 2010	$1.28B	0.880%	Above Average	$15,000	−$101.63M
MMHVX	NYLIM MacKay High Yield Muni Bond Investor Class	Front Load	Open			Mar 31, 2010	$2.37M	0.910%	High	$2,500	−$722,510.55
MMHDX	NYLIM MacKay High Yield Muni Bond Class C	Level Load	Open			Mar 31, 2010	$75.91M	1.660%	High	$2,500	−$23.97M
MMHEX	NYLIM MacKay High Yield Muni Bond Class R6	Retirement, Large	Open			Nov 1, 2019	$1.43B	0.580%	High	$0	$74.51M

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