About MMHIX
NYLI MacKay High Yield Muni Bond Fund Class I is a mutual fund specializing in U.S. municipal bonds, with a primary goal to generate high levels of current income that are exempt from federal income tax. The fund invests at least 80% of its assets in municipal bonds, focusing on higher-yielding segments and including bonds across all credit rating categories, including unrated securities. The management team employs a disciplined approach that integrates in-depth credit analysis, sector rotation, and yield curve positioning while emphasizing risk management without the use of leverage or significant interest rate speculation. Notably, the fund supports municipal financing for various projects nationwide, impacting sectors such as public infrastructure, education, and healthcare. With its institutional share class, the fund targets a broad investor base seeking tax-advantaged income and portfolio diversification. Regular monthly distributions and a competitive yield underscore its role as a significant vehicle for accessing the high yield municipal bond market, providing access to a large, diversified portfolio managed by an experienced, long-tenured team.
Fund Family New York Life Investment Management LLC
Category High Yield Muni
Performance Rating High
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol MMHIX
Share Class Class I
Index Bloomberg Municipal Bond TR
MMHIX had a total return of 4.51% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.27%.
