NYLI MacKay New York Muni Class A (MNOAX)
| Fund Assets | 1.61B |
| Expense Ratio | 1.74% |
| Min. Investment | $25,000 |
| Turnover | 42.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.56% |
| Dividend Growth | 3.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.66 |
| YTD Return | 3.28% |
| 1-Year Return | 8.58% |
| 5-Year Return | 3.07% |
| 52-Week Low | 9.07 |
| 52-Week High | 9.70 |
| Beta (5Y) | 0.06 |
| Holdings | 452 |
| Inception Date | May 14, 2012 |
About MNOAX
NYLI MacKay New York Muni Fund Class A is an open-end mutual fund specializing in municipal fixed income securities. Its primary purpose is to provide investors with a stream of current income that is generally exempt from both federal and New York state income taxes, and in some cases, New York local income tax as well. The fund predominantly invests at least 80% of its assets in a diversified portfolio of municipal bonds, which can include general obligation bonds, revenue bonds, and other tax-exempt instruments, primarily issued by New York state and its various subdivisions. A disciplined relative value strategy guides portfolio construction, emphasizing in-depth credit analysis, active yield curve positioning, and sector rotation, while strong risk management is a core principle—no leverage or speculative interest rate bets are used. The fund’s investments are aimed at individual and institutional investors seeking tax-advantaged income, making it especially significant for New York residents. Managed by an experienced team with a long-standing track record, the fund has consistently maintained strong performance rankings within its peer group, while holding a broad portfolio across hundreds of municipal issues to provide diversification and manage risk effectively.
Performance
MNOAX had a total return of 8.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.04%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02929 | Jun 30, 2026 |
| May 29, 2026 | $0.03061 | May 29, 2026 |
| Apr 30, 2026 | $0.02979 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03075 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02851 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03089 | Jan 30, 2026 |