Unlock stock picks and a broker-level newsfeed that powers Wall Street.
Upgrade Now
Nasdaq - Delayed Quote USD

NYLI MacKay U.S. Infrastructure Bd Cl I (MGOIX)

7.65
-0.01
(-0.13%)
At close: 8:01:37 PM EDT

Fund Summary

The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in an actively managed, diversified portfolio of U.S. infrastructure-related debt issuers and/or securities intended primarily to finance infrastructure-related activities. It invests at least 60% of its assets in taxable municipal debt securities. It may invest up to 20% of its assets in tax-exempt municipal debt securities.

NYLI MacKay U.S. Infrastructure Bd Cl I

Parsippany, NJ 07054
169 Lackawanna Ave

Fund Overview

Category Intermediate Core Bond
Fund Family New York Life Investment Management LLC
Net Assets 1.45B
YTD Return 3.02%
Yield 4.45%
Morningstar Rating
Inception Date Feb 28, 2008

Fund Operations

Last Dividend 0.08
Last Cap Gain -5.00
Holdings Turnover 74.00%
Average for Category --

Fees & Expenses

Expense MGOIX Category Average
Annual Report Expense Ratio (net) 0.60% 0.61%
Prospectus Net Expense Ratio 0.60% --
Prospectus Gross Expense Ratio 0.68% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.78%
Max Deferred Sales Load -- 1.18%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Robert A. DiMella, Lead Manager since February 28, 2019
Robert joined MacKay Shields in July 2009 when the firm acquired the assets of Mariner Municipal Managers LLC. He was the President and co-founder of Mariner Municipal Managers from 2007 to 2009. He has been a municipal portfolio manager since 1992, with a broad range of trading and portfolio management experience in the municipal markets. Robert was a Managing Director and Co-Head of BlackRock’s Municipal Portfolio Management Group (from 2006 to 2007). Prior to BlackRock’s merger with Merrill Lynch Investment Managers, he served as a Senior Portfolio Manager and Managing Director of the Municipal Products Group. He was employed by Merrill Lynch from 1993 to 2006. Robert is a member of the firm’s Senior Leadership Team. He earned his Master’s degree at Rutgers University Business School and an undergraduate degree at the University of Connecticut. He is a CFA Charterholder.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Related Tickers

RYGBX Rydex Government Long Bd 1.2x Strat Inv
110.48
+1.40%
 
CLDIX Calvert Core Bond I
15.91
0.00%
 
SIUPX Guggenheim Core Bond Fund P
16.49
0.00%
 
CADOX Columbia Minnesota Tax-Exempt Inst2
19.55
+0.46%
 
CMNZX Columbia Minnesota Tax-Exempt Inst
19.56
+0.46%
 
CNYRX Columbia Strat New York Muncpl Inc Inst2
26.03
+0.42%
 
CNYZX Columbia Strat New York Muncpl Inc Inst
26.09
+0.42%
 
CCAZX Columbia Strat CA Muncpl Inc Inst
26.95
+0.41%
 
CCXYX Columbia Strategic California Municipal Income Fund
27.09
+0.41%
 
PTIMX Performance Trust Municipal Bond Instl
22.66
+0.40%
 
CNTYX Columbia Strat New York Muncpl Inc Inst3
26.10
+0.38%
 
CNFRX Columbia Bond Inst2
29.97
+0.13%
 
CNDAX Columbia Bond A
30.05
+0.13%
 
UMMDX Columbia Bond Fund - S
30.05
+0.13%
 
UMMGX Columbia Bond Fund
30.05
+0.13%
 
CBFYX Columbia Bond Inst3
30.11
+0.13%
 
VWSUX Vanguard Ultra Short-Term Tx-Ex Adm
15.82
0.00%
 
GMODX GMO Opportunistic Income Fund
24.47
+0.08%
 
JIMEX Johnson Institutional Intermediate Bd F
15.12
+0.07%
 
CLDAX Calvert Core Bond A
15.89
+0.06%
 
CLDRX Calvert Core Bond Income R6
15.91
+0.06%
 
GIUSX Guggenheim Core Bond Fund Institutional
16.46
+0.06%
 
SIUSX Guggenheim Core Bond Fund A
16.48
+0.06%
 
VCOBX Vanguard Core Bond Fund
18.15
+0.06%
 
MWFEX Metropolitan West Funds - Flexible Income Fund
38.33
+0.05%
 
PTIAX Performance Trust Total Return Bd Inst
19.95
+0.05%
 
PTAOX Performance Trust Total Return Bd A
19.97
+0.05%
 
LPHIX BlackRock LifePath Dyn 2045 Instl
16.98
0.00%
 
LPHAX BlackRock LifePath Dyn 2045 Investor A
16.85
0.00%
 
LPRKX BlackRock LifePath Dyn 2040 R
16.17
0.00%
 
LPSFX BlackRock LifePath Dyn 2040 K
16.78
0.00%
 
LPRPX BlackRock LifePath Dyn 2050 R
21.16
0.00%
 
LPVAX BlackRock LifePath Dyn 2055 Investor A
18.07
0.00%
 
LPHKX BlackRock LifePath Dyn 2045 K
17.27
0.00%
 
LPVRX BlackRock LifePath Dyn 2055 R
17.96
0.00%
 
STLFX BlackRock LifePath Dynamic 2050 Fund
21.56
0.00%
 
LPHRX BlackRock LifePath Dyn 2045 R
16.73
0.00%
 
GIBAX Guggenheim Total Return Bond A
23.98
0.00%
 
GIBIX Guggenheim Total Return Bond Instl
24.00
0.00%
 
LPJIX BlackRock LifePath Dyn 2035 Instl
15.25
0.00%
 
LPJKX BlackRock LifePath Dyn 2035 K
15.55
0.00%
 
STLEX BlackRock LifePath Dynamic 2040 Fund
16.59
0.00%
 
LPSGX BlackRock LifePath Dyn 2050 K
21.73
0.00%
 
LPVKX BlackRock LifePath Dyn 2055 K
18.64
0.00%
 
LPVIX BlackRock LifePath Dyn 2055 Instl
18.26
0.00%
 
LPRFX BlackRock LifePath Dyn 2050 Investor A
21.37
0.00%
 
GILDX Guggenheim Limited Duration A
24.59
-0.04%
 
GILHX Guggenheim Limited Duration Instl
24.58
-0.04%
 
GIKRX Guggenheim Limited Duration R6
24.57
-0.04%
 
GIBRX Guggenheim Total Return Bond R6
24.01
-0.04%
 
GILPX Guggenheim Limited Duration P
24.57
-0.08%
 
ARINX Archer Income
18.14
-0.11%
 
CDSIX Calvert Short Duration Income Fund
15.84
-0.13%
 
CDSRX Calvert Short Duration Income R6
15.84
-0.13%
 
CSDAX Calvert Short Duration Income A
15.73
-0.13%
 
MGBIX AMG GW&K ESG Bond I
21.82
-0.14%
 
VGCAX Vanguard Global Credit Bond Admiral
19.09
-0.21%
 
VTSPX Vanguard Shrt-Term Infl-Prot Sec Idx Ins
25.04
-0.24%
 
CTIVX Columbia Strategic Income Inst2
21.42
-0.33%
 
LSIZX Columbia Strategic Income Inst
21.40
-0.33%
 
CPHUX Columbia Strategic Income Inst3
21.32
-0.33%
 
BIVSX Invenomic Super Institutional
17.73
-0.34%
 
BIVIX Invenomic Institutional
17.47
-0.40%
 
BIVRX Invenomic Investor
17.11
-0.41%
 
HMEZX NexPoint Merger Arbitrage Z
19.61
-0.46%
 
GIOIX Guggenheim Macro Opportunities Instl
24.54
-0.49%
 
GIOSX Guggenheim Macro Opportunities R6
24.53
-0.53%
 
GIOPX Guggenheim Macro Opportunities P
24.51
-0.53%
 
GIOAX Guggenheim Macro Opportunities A
24.50
-0.53%
 
FTMAX First Trust Multi-Strategy Cl A
23.33
-0.60%
 
MIFIX Miller Intermediate Bond I
16.07
-0.62%
 
FTMCX First Trust Multi-Strategy Cl C
23.87
-0.62%
 
FTMIX First Trust Multi-Strategy Cl I
23.83
-0.63%
 
RFRFX Columbia Floating Rate Inst2
32.71
-0.67%
 
CFRYX Columbia Floating Rate Inst3
32.56
-0.67%
 
CFRZX Columbia Floating Rate Inst
32.53
-0.67%
 
TGUNX TCW Funds, Inc. - TCW New America Premier Equities Fund
30.95
-0.67%
 
GIFSX Guggenheim Floating Rate Strats R6
23.54
-0.72%
 
GIFIX Guggenheim Floating Rate Strats Instl
23.53
-0.72%
 
GIFPX Guggenheim Floating Rate Strats P
23.52
-0.72%
 
NFRIX Nuveen Floating Rate Income I
17.68
-0.73%
 
NFRFX Nuveen Floating Rate Income R6
17.75
-0.78%
 
NFRAX Nuveen Floating Rate Income A
17.66
-0.79%
 
VEGBX Vanguard Emerging Markets Bond Admiral
23.23
-0.81%
 
NPSFX Nuveen Preferred Secs & Inc R6
15.45
-0.83%
 
NPSRX Nuveen Preferred Secs & Inc I
15.41
-0.84%
 
NPSAX Nuveen Preferred Secs & Inc A
15.39
-0.84%
 
DPIAX Destra Flaherty & Crumrine Preferred and Income Fund
16.56
-0.84%
 
DPIIX Destra Flaherty & Crumrine Preferred and Income Fund
16.48
-0.84%
 
BREKX BlackRock ETF Trust - BlackRock International Dividend ETF
34.59
-0.86%
 
CPIEX Counterpoint Tactical Equity I
22.98
-0.17%
 
CPAEX Counterpoint Tactical Equity A
22.47
-0.18%
 
CPCEX Counterpoint Tactical Equity C
20.97
-0.19%
 
FPEFX First Trust Preferred Sec & Inc F
19.48
-1.02%
 
FPEIX First Trust Preferred Sec & Inc I
19.40
-1.02%
 
FPEAX First Trust Preferred Sec & Inc A
19.20
-1.03%
 
GHVIX GMO High Yield VI
16.56
-1.19%
 
GMOZX GMO High Yield I
16.52
-1.20%
 
NCSRX Nuveen High Yield Income R6
17.34
-1.20%
 
NCOIX Nuveen High Yield Income I
17.25
-1.20%