NYLI MacKay U.S. Infrastructure Bd Cl C (MGVCX)
| Fund Assets | 1.82B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000 |
| Turnover | 74.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 3.24% |
| Dividend Growth | 3.29% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 7.68 |
| YTD Return | 4.91% |
| 1-Year Return | 3.25% |
| 5-Year Return | -3.25% |
| 52-Week Low | 7.30 |
| 52-Week High | 7.69 |
| Beta (5Y) | n/a |
| Holdings | 435 |
| 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 3.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.33%.
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
14.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Massachusetts Educational Financing Authority, Series A | MA.MASEDU 6.17 07.01.2050 | 2.32% |
| Dreyfus Government Cash Management Fund | DGCXX | 2.12% |
| New York State Dormitory Authority, Series B | n/a | 1.55% |
| New Hampshire Business Finance Authority, Series A | NH.NFAUTL 6.89 04.01.2034 | 1.34% |
| Maricopa County Industrial Development Authority, Series B-2 | AZ.MARDEV 01.01.2061 | 1.17% |
| State of California | CA.CAS 7.55 04.01.2039 | 1.14% |
| Public Finance Authority | WI.PUBTRN 6.5 06.30.2060 | 1.11% |
| State of Illinois | IL.ILSGEN 4.62 06.15.2038 | 1.09% |
| State of New York, Series 272 | NY.NYSHSG 6.25 10.01.2055 | 1.08% |
| New York City Housing Development Corp., Class A | NY.NYCMFH 5.46 12.15.2031 | 1.07% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02096 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02158 | Aug 29, 2025 |
| 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 |