NYLI MacKay High Yield Muni Bond Class I (MMHIX)
| Fund Assets | 9.07B |
| Expense Ratio | 0.86% |
| Min. Investment | $1,000,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 4.44% |
| Dividend Growth | -0.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 11.26 |
| YTD Return | -3.94% |
| 1-Year Return | -3.76% |
| 5-Year Return | 3.33% |
| 52-Week Low | 11.09 |
| 52-Week High | 12.23 |
| Beta (5Y) | n/a |
| Holdings | 1409 |
| Inception Date | Mar 31, 2010 |
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.
Performance
MMHIX had a total return of -3.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.79%.
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 | $0.04197 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04076 | Jun 30, 2025 |
| May 30, 2025 | $0.04208 | May 30, 2025 |
| Apr 30, 2025 | $0.04102 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04136 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03729 | Feb 28, 2025 |