NYLI Candriam Emerging Markets Debt Class A (MGHAX)
| Fund Assets | 135.46M |
| Expense Ratio | 1.15% |
| Min. Investment | $15,000 |
| Turnover | 89.00% |
| Dividend (ttm) | 0.59 |
| Dividend Yield | 7.05% |
| Dividend Growth | 0.56% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 7.95 |
| YTD Return | 6.84% |
| 1-Year Return | 8.66% |
| 5-Year Return | 30.27% |
| 52-Week Low | 7.38 |
| 52-Week High | 8.13 |
| Beta (5Y) | n/a |
| Holdings | 145 |
| Inception Date | Jun 1, 1998 |
About MGHAX
NYLI Candriam Emerging Markets Debt Fund Class A is a mutual fund that specializes in investing in hard currency-denominated debt securities from emerging market issuers. The fund's primary objective is to achieve total return through a blend of current income and capital appreciation. Managed by specialists with deep expertise in emerging market debt, the fund employs a rigorous relative value approach, targeting inefficiencies by combining bottom-up and top-down analyses across 23 factors to assess countries’ risk and creditworthiness. The portfolio is diversified across government, quasi-government, and corporate bonds, with a particular emphasis on optimizing uncorrelated opportunities to manage risk. ESG considerations are integrated into the investment process, reflecting a commitment to responsible investing. The fund typically holds over 140 fixed-income securities, maintains a moderate credit quality mix, and features characteristics such as monthly distributions and an average effective duration near 7 years. NYLI Candriam Emerging Markets Debt Fund Class A plays a significant role in providing investors access to the growth potential and diversification benefits of emerging market debt, making it relevant for those seeking exposure beyond developed market fixed-income opportunities.
Performance
MGHAX had a total return of 8.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.92%.
Top 10 Holdings
28.54% of assets| Name | Symbol | Weight |
|---|---|---|
| Us Dollar | n/a | 12.53% |
| Poland (Republic of) 5.375% | POLAND.5.375 02.12.35 10Y | 2.81% |
| Euro | n/a | 2.28% |
| Macedonia (Republic of) 6.96% | MACEDO.6.96 03.13.27 REGS | 1.77% |
| Bulgaria (Republic Of) 5% | BGARIA.5 03.05.37 13Y | 1.69% |
| Oman (Sultanate Of) 6.75% | OMAN.6.75 01.17.48 REGS | 1.60% |
| Indonesia (Republic of) 4.65% | INDON.4.65 09.20.32 | 1.55% |
| Turkey (Republic of) 4.875% | TURKEY.4.875 04.16.43 30Y | 1.48% |
| Egypt (Arab Republic of) 8.875% | EGYPT.8.875 05.29.50 REGS | 1.42% |
| Colombia (Republic Of) 8% | COLOM.8 04.20.33 | 1.41% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.0425 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0358 | Jun 30, 2025 |
| May 30, 2025 | $0.0365 | May 30, 2025 |
| Apr 30, 2025 | $0.0367 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0379 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0225 | Feb 28, 2025 |