Morningstar

NYLI MacKay New York Muni Investor Class MNOVX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.63  /  +0.10 %
  • Total Assets 1.6B
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.780%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.68%
  • Effective Duration 9.18 years

USD | NAV as of Jul 14, 2026 | 1-Day Return as of Jul 14, 2026, 9:51 PM GMT+0

Morningstar’s Analysis MNOVX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

NYLI MacKay New York Muni Investor Class holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings MNOVX

More MNOVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BNY Dreyfus Govt Cash Mgmt Instl

3.03 47M
Cash and Equivalents

TRIBOROUGH BRDG & TUNL AUTH N Y REAL ESTATE TRANSFER TAX REV 5.5%

2.06 32M
municipal

BATTERY PK CITY AUTH N Y REV 5%

1.50 23M
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5.5%

1.28 20M
municipal

Cash Offsets For Shorts & Derivatives

1.16 18M
Cash and Equivalents

NEW YORK TRANSN DEV CORP SPL FAC REV 5.5%

1.10 17M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 4.375%

1.05 16M
municipal

BATTERY PK CITY AUTH N Y REV 5.25%

1.02 16M
municipal

New York N Y City Hsg Dev Corp Multifamily Mtg Rev Bds 2024 Cl F 06/Dec/202

1.00 16M
municipal

DUTCHESS CNTY N Y LOC DEV CORP REV 5%

0.98 15M
municipal

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