Morningstar

NYLI MacKay High Yield Muni Bond Class I MMHIX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 12.15  /  +0.01 %
  • Total Assets 9.6 Bil
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.620%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.17%
  • Effective Duration 8.58 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:25 PM GMT+0

Morningstar’s Analysis MMHIX

Will MMHIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MMHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MMHIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MMHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A time-tested approach earns a process upgrade.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

Wielded by a stable, veteran municipal team, NYLI MacKay High Yield Muni Bond's durable, bottom-up approach merits a Process Pillar upgrade to High from Above Average, making this a topnotch offering within the high-yield muni Morningstar Category.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings MMHIX

More MMHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

2.23 199.2 Mil
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.45 129.4 Mil
municipal

BlackRock Liquidity MuniCash Instl

1.44 128.4 Mil
Cash and Equivalents

PUERTO RICO COMWLTH 0%

1.23 109.7 Mil
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.21 108.5 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.11 99.0 Mil
municipal

METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 4%

1.04 93.2 Mil
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.03 92.0 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 4.375%

0.83 74.0 Mil
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 5%

0.81 72.3 Mil
municipal

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