NYLI MacKay High Yield Muni Bond Class C (MMHDX)
| Fund Assets | 9.07B |
| Expense Ratio | 2.24% |
| Min. Investment | $2,500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.38% |
| Dividend Growth | -1.28% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 11.23 |
| YTD Return | -4.26% |
| 1-Year Return | -4.40% |
| 5-Year Return | -1.14% |
| 52-Week Low | 11.06 |
| 52-Week High | 12.19 |
| Beta (5Y) | n/a |
| Holdings | 1409 |
| Inception Date | Mar 31, 2010 |
About MMHDX
NYLI MacKay High Yield Muni Bond Fund Class C is a mutual fund focused on delivering a high level of current income that is exempt from federal income taxes. Managed by a seasoned team, its primary strategy targets high-yield municipal bonds, enabling access to substantial income through investments in bonds that are either unrated or rated below investment grade. The fund emphasizes rigorous credit analysis, yield curve positioning, and sector rotation to identify compelling opportunities in the municipal bond market. A distinctive feature is its strong focus on risk management—there is no use of leverage or speculative interest rate positions, underscoring a commitment to prudent portfolio oversight. This fund typically invests at least 80% of assets in municipal bonds and has a diversified portfolio with over 1,400 individual holdings spanning various states and municipal sectors. It distributes income monthly and appeals particularly to investors seeking tax-advantaged, high-yield income solutions. With assets totaling over $7.8 billion and a consistent management team since inception in 2010, the fund plays a notable role in providing access to higher-yield segments of the municipal bond market for income-oriented investors.
Performance
MMHDX had a total return of -4.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.82%.
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 | $0.03222 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03124 | Jun 30, 2025 |
| May 30, 2025 | $0.03217 | May 30, 2025 |
| Apr 30, 2025 | $0.03138 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0311 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02792 | Feb 28, 2025 |