NYLI MacKay U.S. Infrastructure Bond Class I (MGOIX)
| Fund Assets | 1.71B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000,000 |
| Turnover | 74.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 4.45% |
| Dividend Growth | 2.25% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 7.65 |
| YTD Return | 3.30% |
| 1-Year Return | 2.36% |
| 5-Year Return | 0.71% |
| 52-Week Low | 7.38 |
| 52-Week High | 7.83 |
| Beta (5Y) | n/a |
| Holdings | 387 |
| Inception Date | Jan 2, 2004 |
About MGOIX
NYLI MacKay U.S. Infrastructure Bond Fund Class I is an institutional mutual fund specializing in high-quality U.S. fixed income securities. Its primary purpose is to provide investors with stable income and diversification by investing at least 80% of its assets in U.S. government securities, while allocating up to 20% to mortgage-backed and asset-backed securities not issued by the government. A notable feature is the fund’s focus on taxable municipal bonds, many of which are linked to financing infrastructure projects including utilities, transportation, and public facilities. This focus offers an attractive alternative to traditional corporate bonds, especially for investors seeking exposure to the U.S. infrastructure sector and those looking for potential yield enhancements with a relatively low correlation to equities. The fund utilizes a relative value strategy, emphasizing rigorous credit analysis, yield curve positioning, and sector rotation within investment-grade bonds. With a below-average risk profile and above-average performance rating within its category, the fund appeals to institutional investors, requiring a minimum investment of $1,000,000. It distributes income on a monthly basis and serves as a strategic portfolio diversifier for those seeking stable returns and exposure to U.S. infrastructure development through fixed income investments.
Performance
MGOIX had a total return of 2.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.02%.
Top 10 Holdings
14.27% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Govt Cash Mgmt Inst Shares - Fund 289 | n/a | 4.89% |
| ILLINOIS ST SALES TAX REV 4.62% | IL.ILSGEN 4.62 06.15.2038 | 1.53% |
| NATIONAL FIN AUTH N H UTIL REV 6.89% | NH.NFAUTL 6.89 04.01.2034 | 1.47% |
| UC Health LLC 5.858% | UCHLTH.5.858 08.01.35 2025 | 1.33% |
| New York N Y City Hsg Dev Corp Multifamily Mtg Rev Taxable Bds 2024 Cl A 06 | n/a | 0.91% |
| CALIFORNIA ST 7.55% | CA.CAS 7.55 04.01.2039 | 0.87% |
| METROPOLITAN PIER & EXPOSITION AUTH ILL PROJ REV 7.2% | IL.MPNFAC 7.2 06.15.2033 | 0.85% |
| IDAHO HSG & FIN ASSN SINGLE FAMILY MTG REV 6% | ID.IDSSFH 6 01.01.2065 | 0.81% |
| Toledo Hospital 5.75% | TOLHOS.5.75 11.15.38 | 0.81% |
| MASSACHUSETTS ST WTR POLLUTN ABATEMENT TR 5.192% | MA.MASWTR 5.19 08.01.2040 | 0.79% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02957 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02826 | Jun 30, 2025 |
| May 30, 2025 | $0.02939 | May 30, 2025 |
| Apr 30, 2025 | $0.02779 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02938 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02639 | Feb 28, 2025 |