About MSCCX
NYLI MacKay California Muni Fund Class C is an actively managed municipal bond mutual fund focused on generating current income that is exempt from federal and California state income taxes. The portfolio invests primarily in California municipal securities, with at least 80% of assets in bonds whose interest is tax‑exempt, and may include a limited allocation to issues subject to the alternative minimum tax. The strategy emphasizes rigorous credit analysis, yield‑curve positioning, and sector rotation within the California muni market, while maintaining a risk‑management approach that avoids leverage and outsized interest‑rate bets. The fund typically holds a diversified mix of investment‑grade municipal bonds across essential services, education, transportation, and general obligation sectors, seeking resilient cash flow and broad issuer exposure. Managed by a seasoned team with long-standing dealer relationships, it aims to balance income generation with capital preservation in a single-state muni framework. The Class C share class features ongoing distribution fees in exchange for no upfront sales charge and pays distributions monthly, reflecting the fund’s income‑oriented profile.
Fund Family New York Life Investment Management LLC
Category Muni California Long
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MSCCX
Share Class Class C
Index Bloomberg California TaxExempt Muni Bd TR
MSCCX had a total return of 4.23% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.64%.
