NYLI MacKay New York Muni Class C2 (MNOLX)
| Fund Assets | 1.45B |
| Expense Ratio | 1.74% |
| Min. Investment | $2,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.25% |
| Dividend Growth | 0.56% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 9.49 |
| YTD Return | -0.01% |
| 1-Year Return | -0.27% |
| 5-Year Return | 0.70% |
| 52-Week Low | 9.02 |
| 52-Week High | 9.81 |
| Beta (5Y) | n/a |
| Holdings | 452 |
| Inception Date | Aug 31, 2020 |
About MNOLX
NYLI MacKay New York Muni Fund is a municipal bond mutual fund designed primarily to provide investors with current income that is exempt from federal, New York State, and—where applicable—New York City income taxes. The fund invests at least 80% of its assets in municipal bonds whose interest is classified as tax-exempt for both federal and New York state purposes, making it particularly relevant for New York residents seeking to maximize after-tax income. Led by a seasoned management team with experience dating back to 1993, the fund employs a relative value strategy centered on credit analysis, yield curve positioning, and sector rotation. The investment approach emphasizes robust risk management without leveraging or taking significant interest rate bets. The fund’s portfolio is broadly diversified across New York municipal bonds, commonly incorporating issuers like state and city agencies, transportation authorities, and various public infrastructure projects. Known for its long-term performance, the NYLI MacKay New York Muni Fund has often ranked in the top quartile of its category over multiple rolling five-year periods. The fund’s structure and strategy are tailored to serve investors with a preference for stability, tax efficiency, and exposure to the New York municipal fixed income sector.
Performance
MNOLX had a total return of -0.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.12%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VNYTX | Vanguard | Vanguard NY Long-Term Tax-Exempt Inv | 0.14% |
Top 10 Holdings
13.71% of assets| Name | Symbol | Weight |
|---|---|---|
| Triborough Bridge & Tunnel Authority, Series A | NY.TRBGEN 5.5 12.01.2059 | 2.25% |
| Dreyfus Government Cash Management Fund | DGCXX | 2.24% |
| Battery Park City Authority, Series A | NY.BTYGEN 5 11.01.2053 | 1.66% |
| New York State Dormitory Authority | NY.NYSHGR 5.5 10.01.2054 | 1.41% |
| New York City Housing Development Corp., Class F | NY.NYCMFH 5.25 12.15.2031 | 1.13% |
| New York State Housing Finance Agency, Series A | NY.NYSHSG 05.01.2042 | 1.09% |
| New York City Municipal Water Finance Authority, Series CC-1 | NY.NYCUTL 5.25 06.15.2054 | 1.08% |
| Puerto Rico Sales Tax Financing Corp., Series A-2 | PR.PRCGEN 4.78 07.01.2058 | 1.01% |
| Triborough Bridge & Tunnel Authority, Series A-1 | NY.TRBTRN 5.25 05.15.2059 | 0.93% |
| New York Transportation Development Corp. | NY.NYTTRN 5.5 06.30.2054 | 0.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02688 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02659 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02668 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02615 | Jun 30, 2025 |
| May 30, 2025 | $0.02591 | May 30, 2025 |
| Apr 30, 2025 | $0.02507 | Apr 30, 2025 |