NYLI MacKay New York Muni Class C (MNOCX)
| Fund Assets | 1.38B |
| Expense Ratio | 1.74% |
| Min. Investment | $2,500 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.51% |
| Dividend Growth | -0.52% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.17 |
| YTD Return | -3.65% |
| 1-Year Return | -3.24% |
| 5-Year Return | -3.94% |
| 52-Week Low | 9.03 |
| 52-Week High | 9.82 |
| Beta (5Y) | n/a |
| Holdings | 451 |
| Inception Date | May 14, 2012 |
About MNOCX
NYLI MacKay New York Muni Fund is a municipal bond mutual fund designed to provide current income that is generally exempt from federal and New York state income taxes, and, in some cases, New York local income taxes. The fund primarily invests at least 80% of its assets in municipal bonds issued by New York entities, with a focus on maintaining investment-grade credit quality. It employs a relative value strategy, relying on rigorous credit analysis, yield curve positioning, and sector rotation to identify opportunities within the municipal bond market. The management team, notable for its tenure and long-standing relationships with municipal dealers, places strong emphasis on risk management and does not employ leverage or make interest rate bets. This fund is particularly relevant for investors seeking tax-advantaged income and caters predominantly to New York residents given the state-specific tax benefits. Its long-term track record demonstrates consistency, often ranking within the top quartile of its Morningstar category over rolling five-year periods, highlighting its reputation within the New York long municipal fund space.
Performance
MNOCX had a total return of -3.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.11%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VNYTX | Vanguard | Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 0.14% |
Top 10 Holdings
11.53% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | NY.NYCGEN 5 11.01.2036 | 1.47% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25% | NY.NYCUTL 5.25 06.15.2052 | 1.37% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.784% | PR.PRCGEN 4.78 07.01.2058 | 1.26% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.5% | NY.NYTTRN 5.5 06.30.2054 | 1.20% |
| TRIBOROUGH BRDG & TUNL AUTH N Y REAL ESTATE TRANSFER TAX REV 5.5% | NY.TRBGEN 5.5 12.01.2059 | 1.14% |
| TRIBOROUGH BRDG & TUNL AUTH N Y REAL ESTATE TRANSFER TAX REV 5.25% | NY.TRBGEN 5.25 12.01.2054 | 1.13% |
| New York N Y City Hsg Dev Corp Multifamily Mtg Rev Bds 2024 Cl F 06/Dec/202 | n/a | 1.11% |
| NEW YORK ST HSG FIN AGY REV 3.57% | NY.NYSHSG 05.01.2042 | 1.05% |
| BATTERY PK CITY AUTH N Y REV 5% | NY.BTYGEN 5 11.01.2053 | 0.93% |
| TRIBOROUGH BRDG & TUNL AUTH N Y SALES TAX REV 5.25% | NY.TRBTRN 5.25 05.15.2059 | 0.86% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02783 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02729 | Jun 30, 2025 |
| May 30, 2025 | $0.02709 | May 30, 2025 |
| Apr 30, 2025 | $0.02622 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02653 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02398 | Feb 28, 2025 |