NYLI MacKay California Muni Class C (MSCCX)
| Fund Assets | 1.24B |
| Expense Ratio | 1.04% |
| Min. Investment | $2,500 |
| Turnover | 40.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.30% |
| Dividend Growth | -3.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.32 |
| YTD Return | -2.93% |
| 1-Year Return | -2.42% |
| 5-Year Return | -2.63% |
| 52-Week Low | 9.16 |
| 52-Week High | 9.91 |
| Beta (5Y) | n/a |
| Holdings | 391 |
| Inception Date | Feb 28, 2013 |
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.
Performance
MSCCX had a total return of -2.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.92%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VCITX | Vanguard | Vanguard California Long Term Tax Exempt Fund | 0.14% |
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 | $0.0248 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02534 | Jun 30, 2025 |
| May 30, 2025 | $0.02551 | May 30, 2025 |
| Apr 30, 2025 | $0.02477 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02536 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02256 | Feb 28, 2025 |