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Nasdaq - Delayed Quote USD

NYLI MacKay New York Muni Class C2 (MNOLX)

9.31
+0.04
+(0.43%)
At close: 8:06:39 AM EDT

Fund Summary

The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and New York income taxes. It generally invests in municipal bonds that have a maturity of five years or longer at the time of purchase.

NYLI MacKay New York Muni Class C2

Parsippany NJ 07054
169 Lackawanna Ave
800 624 6782

Fund Overview

Category Muni New York Long
Fund Family New York Life Investment Management LLC
Net Assets 1.45B
YTD Return -1.00%
Yield 3.27%
Morningstar Rating
Inception Date May 14, 2012

Fund Operations

Last Dividend 0.08
Last Cap Gain -21.00
Holdings Turnover 16.00%
Average for Category --

Fees & Expenses

Expense MNOLX Category Average
Annual Report Expense Ratio (net) 1.18% 0.81%
Prospectus Net Expense Ratio 1.18% --
Prospectus Gross Expense Ratio 1.19% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.90%
Max Deferred Sales Load -- 1.39%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Robert A. DiMella, Lead Manager since May 14, 2012
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.

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