About MGVDX
NYLI MacKay U.S. Infrastructure Bond Fund Class R6 is a mutual fund specializing in fixed-income investments, with a focus on supporting U.S. infrastructure development. The fund primarily allocates at least 80% of its assets to U.S. government securities and taxable municipal bonds that are directly linked to infrastructure projects, such as transportation, utilities, and public works. Up to 20% of its portfolio may be invested in non-government mortgage-backed and asset-backed securities, providing further diversification within fixed income.
This fund emphasizes investment-grade quality, using both credit analysis and yield curve positioning to select holdings and manage risk. Its strategy positions it as a portfolio diversifier, offering lower correlation with equities and providing investors with exposure to high-quality taxable municipal securities. The fund distributes income monthly, reflecting its steady cash flow focus, and charges a competitive expense ratio within its category. Since its inception, it has aimed to strike a balance between capital preservation, attractive income, and total return potential, making it a relevant choice for those seeking core fixed-income exposure tied to infrastructure initiatives in the United States.
Fund Family New York Life Investment Management LLC
Category Intermediate Core Bond
Performance Rating High
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MGVDX
Share Class Class R6
Index Index is not available on Lipper Database
MGVDX had a total return of 9.15% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.46%.
