NYLI MacKay U.S. Infras Bond Investor Cl (MGVNX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.70
-0.01 (-0.13%)
Sep 12, 2025, 4:00 PM EDT
-0.13%
Fund Assets1.76B
Expense Ratio0.70%
Min. Investment$1,000
Turnover74.00%
Dividend (ttm)0.30
Dividend Yield3.77%
Dividend Growth2.36%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close7.71
YTD Return4.73%
1-Year Return1.20%
5-Year Return-1.10%
52-Week Low7.33
52-Week High7.78
Beta (5Y)n/a
Holdings387
Inception DateFeb 28, 2008

About MGVNX

NYLI MacKay U.S. Infrastructure Bond Fund Investor Class is an open-end mutual fund that focuses on generating current income by investing predominantly in high-quality taxable municipal bonds. Its primary investment objective is to provide exposure to debt securities that finance critical U.S. infrastructure projects, such as transportation, utilities, and public facilities. The fund adopts a relative value approach driven by in-depth credit analysis, yield curve positioning, and sector rotation, with a strategic emphasis on investment-grade securities to manage credit risk. A distinguishing feature of the fund is its concentration in taxable municipal bonds, which distinguishes it from typical core bond funds that may favor Treasuries or corporates. This focus provides investors with access to an asset class that can offer attractive income potential and enhanced portfolio diversification, as taxable municipal bonds typically exhibit lower correlation to equities. The fund’s portfolio managers invest at least 60% of assets in taxable municipal debt, adhering to strict quality standards as rated by nationally recognized statistical rating organizations, and may allocate up to 20% to tax-exempt municipal securities. With monthly distributions and a history of professional management, the fund plays a meaningful role for those seeking diversified fixed-income exposure tied to U.S. infrastructure development.

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

Performance

MGVNX had a total return of 1.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.82%.

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%
MGVCXClass C0.70%
MGOIXClass I0.70%
MGVDXClass R60.70%

Top 10 Holdings

14.27% of assets
NameSymbolWeight
Dreyfus Govt Cash Mgmt Inst Shares - Fund 289n/a4.89%
ILLINOIS ST SALES TAX REV 4.62%IL.ILSGEN 4.62 06.15.20381.53%
NATIONAL FIN AUTH N H UTIL REV 6.89%NH.NFAUTL 6.89 04.01.20341.47%
UC Health LLC 5.858%UCHLTH.5.858 08.01.35 20251.33%
New York N Y City Hsg Dev Corp Multifamily Mtg Rev Taxable Bds 2024 Cl A 06n/a0.91%
CALIFORNIA ST 7.55%CA.CAS 7.55 04.01.20390.87%
METROPOLITAN PIER & EXPOSITION AUTH ILL PROJ REV 7.2%IL.MPNFAC 7.2 06.15.20330.85%
IDAHO HSG & FIN ASSN SINGLE FAMILY MTG REV 6%ID.IDSSFH 6 01.01.20650.81%
Toledo Hospital 5.75%TOLHOS.5.75 11.15.380.81%
MASSACHUSETTS ST WTR POLLUTN ABATEMENT TR 5.192%MA.MASWTR 5.19 08.01.20400.79%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.02636Aug 29, 2025
Jul 31, 2025$0.02632Jul 31, 2025
Jun 30, 2025$0.02511Jun 30, 2025
May 30, 2025$0.02577May 30, 2025
Apr 30, 2025$0.0244Apr 30, 2025
Mar 31, 2025$0.02611Mar 31, 2025
Full Dividend History