- What does MMHEX invest in?
- The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal bonds. It may invest up to 10% of its net assets in municipal bonds that are the subject of bankruptcy proceedings, that are in default as to the payment of principal or interest, or that are rated in the lowest rating category by a NRSRO or if unrated, judged to be of comparable quality by the subadvisor.
- What is the expense ratio of MMHEX?
- NYLI MacKay High Yield Muni Bond Fund Class R6 (MMHEX) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations.
- What is MMHEX's dividend yield?
- MMHEX's trailing-twelve-month yield is 4.37%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of MMHEX?
- Effective duration measures MMHEX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MMHEX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of MMHEX?
- MMHEX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of MMHEX?
- Yield to maturity (YTM) is the total return you'd earn from MMHEX if every bond in the portfolio is held to maturity at the current price. MMHEX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
