NYLI MacKay U.S. Infras Bond Class R6 (MGVDX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.79
+0.01 (0.13%)
Oct 14, 2025, 9:30 AM EDT
0.13%
Fund Assets1.82B
Expense Ratio0.70%
Min. Investment$1,000
Turnover74.00%
Dividend (ttm)0.35
Dividend Yield4.49%
Dividend Growth2.60%
Payout FrequencyMonthly
Ex-Dividend DateSep 30, 2025
Previous Close7.78
YTD Return5.85%
1-Year Return4.95%
5-Year Return3.29%
52-Week Low7.39
52-Week High7.79
Beta (5Y)n/a
Holdings435
Inception DateNov 1, 2019

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
Stock Exchange NASDAQ
Ticker Symbol MGVDX
Share Class Class R6
Index Index is not available on Lipper Database

Performance

MGVDX had a total return of 4.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.34%.

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%
MGVCXClass C0.70%
MGOIXClass I0.70%

Top 10 Holdings

14.00% of assets
NameSymbolWeight
Massachusetts Educational Financing Authority, Series AMA.MASEDU 6.17 07.01.20502.32%
Dreyfus Government Cash Management FundDGCXX2.12%
New York State Dormitory Authority, Series Bn/a1.55%
New Hampshire Business Finance Authority, Series ANH.NFAUTL 6.89 04.01.20341.34%
Maricopa County Industrial Development Authority, Series B-2AZ.MARDEV 01.01.20611.17%
State of CaliforniaCA.CAS 7.55 04.01.20391.14%
Public Finance AuthorityWI.PUBTRN 6.5 06.30.20601.11%
State of IllinoisIL.ILSGEN 4.62 06.15.20381.09%
State of New York, Series 272NY.NYSHSG 6.25 10.01.20551.08%
New York City Housing Development Corp., Class ANY.NYCMFH 5.46 12.15.20311.07%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Sep 30, 2025$0.02916Sep 30, 2025
Aug 29, 2025$0.03022Aug 29, 2025
Jul 31, 2025$0.03013Jul 31, 2025
Jun 30, 2025$0.0288Jun 30, 2025
May 30, 2025$0.02991May 30, 2025
Apr 30, 2025$0.02831Apr 30, 2025
Full Dividend History