NYLI Candriam Emerging Markets Debt Class I (MGHIX)
| Fund Assets | 135.46M |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000,000 |
| Turnover | 89.00% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 7.66% |
| Dividend Growth | 0.62% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 7.96 |
| YTD Return | 6.71% |
| 1-Year Return | 8.81% |
| 5-Year Return | 21.16% |
| 52-Week Low | 7.39 |
| 52-Week High | 8.15 |
| Beta (5Y) | 0.46 |
| Holdings | 145 |
| 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 8.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.16%.
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 | $0.0445 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0377 | Jun 30, 2025 |
| May 30, 2025 | $0.0385 | May 30, 2025 |
| Apr 30, 2025 | $0.0386 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0399 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0239 | Feb 28, 2025 |