NYLI MacKay U.S. Infrastructure Bond Class I (MGOIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.56
+0.02 (0.27%)
Jul 16, 2025, 9:30 AM EDT
0.00%
Fund Assets1.56B
Expense Ratio0.70%
Min. Investment$1,000,000
Turnover74.00%
Dividend (ttm)0.34
Dividend Yield4.51%
Dividend Growth2.71%
Payout FrequencyMonthly
Ex-Dividend DateJun 30, 2025
Previous Close7.54
YTD Return2.35%
1-Year Return3.15%
5-Year Return0.50%
52-Week Low7.38
52-Week High7.83
Beta (5Y)n/a
Holdings386
Inception DateJan 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.

Fund Family New York Life Investment Management LLC
Category Intermediate Core Bond
Stock Exchange NASDAQ
Ticker Symbol MGOIX
Share Class Class I
Index Index is not available on Lipper Database

Performance

MGOIX had a total return of 3.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.99%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
MGVAXClass A0.70%
MGVNXInvestor Class0.70%
MGVCXClass C0.70%
MGVDXClass R60.70%

Top 10 Holdings

14.71% of assets
NameSymbolWeight
Dreyfus Government Cash Management - Institutional Sharesn/a5.04%
State of Illinoisn/a1.58%
New Hampshire Business Finance Authority, Series ANH.NFAUTL 6.89 04.01.20341.52%
UC Health LLC, Series 2025UCHLTH.5.858 08.01.35 20251.37%
New York City Housing Development Corp., Class ANY.NYCMFH 5.46 12.15.20310.94%
State of CaliforniaCA.CAS 7.55 04.01.20390.90%
Metropolitan Pier & Exposition Authority, Series Bn/a0.87%
Idaho Housing & Finance Association, Series AID.IDSSFH 6 01.01.20650.84%
Toledo Hospital (The)TOLHOS.5.75 11.15.380.83%
Massachusetts Clean Water Trust (The), Series 15-Bn/a0.82%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jun 30, 2025$0.02826Jun 30, 2025
May 30, 2025$0.02939May 30, 2025
Apr 30, 2025$0.02779Apr 30, 2025
Mar 31, 2025$0.02938Mar 31, 2025
Feb 28, 2025$0.02639Feb 28, 2025
Jan 31, 2025$0.0289Jan 31, 2025
Full Dividend History