About MGVCX
NYLI MacKay U.S. Infrastructure Bond Fund Class C is a mutual fund that focuses on providing exposure to U.S. infrastructure through investments in high-quality, investment grade taxable municipal bonds. Its primary purpose is to generate attractive income and total return potential, serving as a diversified alternative to traditional corporate bonds within a fixed-income portfolio. The fund utilizes a relative value strategy, relying on in-depth credit analysis, yield curve positioning, and sector rotation to identify compelling opportunities, with an emphasis on managing risk and maintaining a strong credit profile—holding virtually no non-investment-grade debt and a significantly smaller allocation to BBB-rated bonds than peer funds. The fund’s underlying assets support key U.S. infrastructure projects, spanning sectors like utilities and transportation, and include holdings from national and local governmental authorities as well as select corporate issuers. As a result, it offers investors exposure to critical sectors driving economic development while providing portfolio diversification through low correlation with equities. With substantial net assets and professional management, the fund plays a notable role for investors seeking stable income from the infrastructure sector.
Fund Family New York Life Investment Management LLC
Category Intermediate Core Bond
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MGVCX
Share Class Class C
Index Index is not available on Lipper Database
MGVCX had a total return of -2.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.18%.
