MMHVX

About MMHVX

NYLI MacKay High Yield Muni Bond Fund Investor Class is a mutual fund specializing in municipal bonds, with the primary objective of delivering a high level of current income exempt from federal income taxes. The fund predominantly invests at least 80% of its assets in municipal bonds, including those from lower credit quality issuers, to capture higher yields associated with the high yield segment of the municipal market. Diversification is a cornerstone, as the fund holds a broad array of over 1,400 positions, spanning sectors like transportation, infrastructure, and public utilities. A tenured management team employs a disciplined strategy centered on credit analysis, yield curve positioning, and sector rotation, while emphasizing risk management and not employing leverage. The fund has a minimum investment requirement of $2,500 and features monthly dividend distributions, targeting investors seeking regular, tax-advantaged income. Recognized for its above average performance and risk ratings within its peer group, the NYLI MacKay High Yield Muni Bond Fund plays a significant role for income-focused investors aiming to access the potential returns offered by high yield municipal bonds while benefiting from professional active management.