NYLI MacKay U.S. Infrastructure Bond Class C (MGVCX)
| Fund Assets | 1.71B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000 |
| Turnover | 74.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 3.25% |
| Dividend Growth | 2.37% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 7.56 |
| YTD Return | 3.14% |
| 1-Year Return | 1.76% |
| 5-Year Return | -4.70% |
| 52-Week Low | 7.30 |
| 52-Week High | 7.74 |
| Beta (5Y) | n/a |
| Holdings | 387 |
| Inception Date | Sep 1, 1998 |
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.
Performance
MGVCX had a total return of 1.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.28%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FASWX | Fidelity | Fidelity SAI Sustainable Muncpl Income | 0.36% |
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 | $0.02158 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02054 | Jun 30, 2025 |
| May 30, 2025 | $0.02108 | May 30, 2025 |
| Apr 30, 2025 | $0.01983 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02139 | Mar 31, 2025 |
| Feb 28, 2025 | $0.01926 | Feb 28, 2025 |