NYLI Candriam Emerging Markets Debt Cl I (MGHIX)
| Fund Assets | 137.21M |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000,000 |
| Turnover | 89.00% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 7.37% |
| Dividend Growth | -9.41% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 31, 2025 |
| Previous Close | 8.23 |
| YTD Return | 9.92% |
| 1-Year Return | 9.05% |
| 5-Year Return | 29.41% |
| 52-Week Low | 7.39 |
| 52-Week High | 8.26 |
| Beta (5Y) | 0.47 |
| Holdings | 149 |
| Inception Date | Aug 31, 2007 |
About MGHIX
NYLI Candriam Emerging Markets Debt Fund is a mutual fund specializing in fixed income securities from issuers located in emerging markets. Its primary objective is total return, employing a relative value approach that focuses on hard currency instruments, predominantly U.S. dollar-denominated debt. The fund invests at least 80% of its assets in bonds issued by sovereigns, government agencies, authorities, and corporations from emerging economies. A key feature of the fund is its dual-layer selection methodology, combining top-down and bottom-up analysis to evaluate countries across 23 risk and credit factors. This framework aims to exploit pricing inefficiencies and optimize uncorrelated relative value opportunities within the broad and diverse emerging markets debt universe. The management team incorporates environmental, social, and governance (ESG) criteria into the credit selection process to enhance risk assessment and portfolio quality. The fund is notable for its long-standing expertise in emerging markets debt, managed by a team recognized as pioneers in this asset class. It seeks to deliver competitive returns while maintaining a relatively balanced risk profile. The NYLI Candriam Emerging Markets Debt Fund plays a significant role for investors seeking diversified exposure to global fixed income, as it provides access to growth regions with distinct credit opportunities compared to developed markets.
Performance
MGHIX had a total return of 9.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.27%.
Top 10 Holdings
32.06% of assets| Name | Symbol | Weight |
|---|---|---|
| Us Dollar | n/a | 12.70% |
| Euro | n/a | 3.72% |
| Us Dollar | n/a | 2.54% |
| Romania (Republic Of) 7.125% | ROMANI.7.125 01.17.33 REGS | 2.36% |
| Colombia (Republic Of) 7.375% | COLOM.7.375 04.25.30 | 2.34% |
| Panama (Republic of) 9.375% | PANAMA.9.375 04.01.29 | 1.92% |
| Us Dollar | n/a | 1.73% |
| Bulgaria (Republic Of) 5% | BGARIA.5 03.05.37 13Y | 1.60% |
| Oman (Sultanate Of) 6.75% | OMAN.6.75 01.17.48 REGS | 1.58% |
| Cash Offsets For Shorts & Derivatives | n/a | 1.57% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 31, 2025 | $0.0375 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0369 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0389 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0445 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0377 | Jun 30, 2025 |
| May 30, 2025 | $0.0385 | May 30, 2025 |