NYLI MacKay U.S. Infrastructure Bond Class C (MGVCX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.47
+0.02 (0.27%)
Jul 16, 2025, 4:00 PM EDT
0.00%
Fund Assets1.56B
Expense Ratio0.70%
Min. Investment$1,000
Turnover74.00%
Dividend (ttm)0.24
Dividend Yield3.28%
Dividend Growth2.69%
Payout FrequencyMonthly
Ex-Dividend DateJun 30, 2025
Previous Close7.45
YTD Return1.91%
1-Year Return2.18%
5-Year Return-5.15%
52-Week Low7.30
52-Week High7.74
Beta (5Y)n/a
Holdings386
Inception DateSep 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.

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

Performance

MGVCX had a total return of 2.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.24%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
FASWXFidelityFidelity SAI Sustainable Muncpl Income0.36%

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%
MGOIXClass I0.70%
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$0.02054Jun 30, 2025
May 30, 2025$0.02108May 30, 2025
Apr 30, 2025$0.01983Apr 30, 2025
Mar 31, 2025$0.02139Mar 31, 2025
Feb 28, 2025$0.01926Feb 28, 2025
Jan 31, 2025$0.02101Jan 31, 2025
Full Dividend History