NYLI MacKay California Muni Class A (MSCAX)
| Fund Assets | 1.24B |
| Expense Ratio | 1.09% |
| Min. Investment | $15,000 |
| Turnover | 40.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.43% |
| Dividend Growth | -3.60% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.32 |
| YTD Return | -2.96% |
| 1-Year Return | -2.03% |
| 5-Year Return | -1.14% |
| 52-Week Low | 9.16 |
| 52-Week High | 9.90 |
| Beta (5Y) | n/a |
| Holdings | 391 |
| Inception Date | Feb 28, 2013 |
About MSCAX
NYLI MacKay California Muni Fund Class A is an open-end municipal bond mutual fund focused on generating current income that is exempt from both federal and California state income taxes. The strategy primarily invests in California municipal debt and applies a relative value approach that blends rigorous credit analysis, yield-curve positioning, and sector rotation to identify attractive tax-exempt opportunities. The portfolio is managed with an emphasis on risk control, avoiding leverage and refraining from making explicit interest-rate bets, while maintaining broad diversification across hundreds of individual municipal issuers. The fund targets the long end of the municipal market, aligning with the Muni California Long category, and distributes income monthly. It may allocate a limited portion to securities subject to the federal alternative minimum tax, depending on market conditions. Led by a tenured team with decades of municipal market experience, the fund seeks to provide a consistent, tax-advantaged income profile for California-oriented investors, benchmarking its results against a California tax-exempt municipal bond index and operating within a disciplined, research-driven framework.
Performance
MSCAX had a total return of -2.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.24%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
12.57% of assets| Name | Symbol | Weight |
|---|---|---|
| LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV 5.5% | CA.LOSFAC 5.5 12.01.2049 | 1.96% |
| Dreyfus Govt Cash Mgmt Inst Shares - Fund 289 | n/a | 1.55% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2055 | 1.40% |
| PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% | PR.PRCUTL 5 07.01.2047 | 1.21% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.75% | CA.SFOAPT 5.75 05.01.2048 | 1.19% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% | NY.NYTTRN 5.25 12.31.2054 | 1.16% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 0% | CA.CCEDEV 02.01.2055 | 1.04% |
| CALIFORNIA EDL FACS AUTH REV 5% | CA.CASEDU 5 10.01.2055 | 1.03% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5% | CA.CASDEV 5 06.01.2039 | 1.02% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 1.01% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02706 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02753 | Jun 30, 2025 |
| May 30, 2025 | $0.02779 | May 30, 2025 |
| Apr 30, 2025 | $0.02696 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02765 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02465 | Feb 28, 2025 |