NYLI MacKay High Yield Muni Bond Class A (MMHAX)
| Fund Assets | 9.07B |
| Expense Ratio | 1.18% |
| Min. Investment | $15,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 3.99% |
| Dividend Growth | -0.80% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 11.27 |
| YTD Return | -3.84% |
| 1-Year Return | -3.69% |
| 5-Year Return | 2.37% |
| 52-Week Low | 11.09 |
| 52-Week High | 12.22 |
| Beta (5Y) | n/a |
| Holdings | 1409 |
| Inception Date | Mar 31, 2010 |
About MMHAX
NYLI MacKay High Yield Muni Bond Fund Class A is a mutual fund focused on delivering high levels of current income that is exempt from federal income taxes. Managed by New York Life Investment Management LLC, the fund primarily invests at least 80% of its assets in municipal bonds, aiming to capture yields from higher-risk segments while maintaining a disciplined approach to credit analysis, yield curve positioning, and sector rotation. The team managing the fund emphasizes risk management practices, avoiding leverage and significant interest rate bets, and boasts a long history of municipal bond expertise. A notable feature of this fund is its capacity to invest in municipal securities that are rated below investment grade or unrated, and it may allocate up to 10% of assets to bonds in default or under bankruptcy proceedings. The fund pays monthly dividends, reflecting both interest income and distributions, and is designed for investors seeking tax-advantaged income. It holds a large, diversified portfolio with over 1,300 municipal securities and has established itself as a prominent player in the high-yield municipal bond market since its inception in 2010, serving as a tool for accessing potentially higher income within municipal fixed income sectors.
Performance
MMHAX had a total return of -3.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.57%.
Top 10 Holdings
11.95% of assets| Name | Symbol | Weight |
|---|---|---|
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 2.46% |
| GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5% | PR.PRCDEV 7.5 08.20.2040 | 1.44% |
| PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% | PR.PRCUTL 5 07.01.2047 | 1.30% |
| PUERTO RICO COMWLTH 0% | PR.PRC 11.01.2043 | 1.13% |
| MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5% | VI.MFCFAC 5 10.01.2039 | 1.12% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.02% |
| METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 4% | DC.METAPT 4 10.01.2049 | 0.94% |
| PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 0% | PA.PASDEV 06.01.2041 | 0.91% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.5% | NY.NYTTRN 5.5 12.31.2054 | 0.83% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2046 | 0.80% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03958 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03843 | Jun 30, 2025 |
| May 30, 2025 | $0.03966 | May 30, 2025 |
| Apr 30, 2025 | $0.03865 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03886 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03501 | Feb 28, 2025 |