NYLI MacKay New York Muni Class C2 (MNOLX)
| Fund Assets | 1.38B |
| Expense Ratio | 1.74% |
| Min. Investment | $2,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.35% |
| Dividend Growth | -0.56% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.17 |
| YTD Return | -3.59% |
| 1-Year Return | -3.25% |
| 5-Year Return | n/a |
| 52-Week Low | 9.02 |
| 52-Week High | 9.81 |
| Beta (5Y) | n/a |
| Holdings | 451 |
| 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 -3.25% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.62%.
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 | $0.02668 | 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 |
| Mar 31, 2025 | $0.02532 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02291 | Feb 28, 2025 |