About MMHVX
NYLI MacKay High Yield Muni Bond Fund Investor Class is a mutual fund specializing in municipal bonds, with the primary objective of delivering a high level of current income exempt from federal income taxes. The fund predominantly invests at least 80% of its assets in municipal bonds, including those from lower credit quality issuers, to capture higher yields associated with the high yield segment of the municipal market. Diversification is a cornerstone, as the fund holds a broad array of over 1,400 positions, spanning sectors like transportation, infrastructure, and public utilities. A tenured management team employs a disciplined strategy centered on credit analysis, yield curve positioning, and sector rotation, while emphasizing risk management and not employing leverage. The fund has a minimum investment requirement of $2,500 and features monthly dividend distributions, targeting investors seeking regular, tax-advantaged income. Recognized for its above average performance and risk ratings within its peer group, the NYLI MacKay High Yield Muni Bond Fund plays a significant role for income-focused investors aiming to access the potential returns offered by high yield municipal bonds while benefiting from professional active management.
Fund Family New York Life Investment Management LLC
Category High Yield Muni
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol MMHVX
Share Class Investor Class
Index Bloomberg Municipal Bond TR
MMHVX had a total return of 7.71% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.86%.
