NYLI MacKay U.S. Infrastructure Bond Class R6 (MGVDX)
NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.57
+0.01 (0.13%)
Jul 18, 2025, 4:00 PM EDT
-0.26%(1Y)
Fund Assets
1.56B
Expense Ratio
0.70%
Min. Investment
$1,000,000
Turnover
74.00%
Dividend (ttm)
0.35
Dividend Yield
4.57%
Dividend Growth
2.94%
Payout Frequency
Monthly
Ex-Dividend Date
n/a
Previous Close
7.56
YTD Return
2.86%
1-Year Return
3.80%
5-Year Return
1.71%
52-Week Low
7.39
52-Week High
7.83
Beta (5Y)
n/a
Holdings
386
Inception Date
Nov 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 FamilyNew York Life Investment Management LLC
CategoryIntermediate Core Bond
Stock ExchangeNASDAQ
Ticker SymbolMGVDX
Share ClassClass R6
IndexIndex is not available on Lipper Database
Performance
MGVDX had a total return of 3.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.89%.
Chart
Bar chart with 6 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 0.3395 to 3.803.
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Other Share Classes
These are alternative share classes of the same fund, from the same provider.
