NYLI MacKay Short Term Muni Class I (MSTIX)
| Fund Assets | 1.02B |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000,000 |
| Turnover | 48.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.39% |
| Dividend Growth | 3.37% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.41 |
| YTD Return | 2.41% |
| 1-Year Return | 2.36% |
| 5-Year Return | 6.24% |
| 52-Week Low | 9.14 |
| 52-Week High | 9.41 |
| Beta (5Y) | n/a |
| Holdings | 303 |
| Inception Date | Jan 2, 1991 |
About MSTIX
NYLI MacKay Short Term Muni Fund is an actively managed municipal bond mutual fund designed to provide current income that is exempt from regular federal income tax. It primarily invests in short‑term, investment‑grade municipal securities, targeting an average maturity of three years or less to balance income generation with limited interest‑rate sensitivity. The strategy emphasizes relative value, using deep credit and market analysis to identify mispriced bonds and capitalize on municipal market inefficiencies. The fund seeks liquidity and capital preservation while maintaining diversified exposure across states and revenue sectors typical of the municipal market. Managed by MacKay Municipal Managers, the portfolio construction focuses on high‑quality credits and a short effective duration profile to help moderate daily net asset value fluctuations. As an institutional share class, it is positioned within the Muni National Short category and is characterized by a competitive expense profile and ongoing daily dividend distribution practices common to short‑maturity muni funds. Overall, the fund serves as a tax‑efficient core short‑duration allocation within fixed income, offering access to municipal bond income with controlled interest‑rate risk and an emphasis on credit research‑driven selection.
Performance
MSTIX had a total return of 2.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.22%.
Top 10 Holdings
15.73% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Govt Cash Mgmt Inst Shares - Fund 289 | n/a | 3.78% |
| MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5% | VI.MFCFAC 5 10.01.2026 | 1.71% |
| LOS ANGELES CALIF DEPT WTR & PWR REV 0% | CA.LOSUTL 07.01.2055 | 1.54% |
| DETROIT MICH SEW DISP REV 0% | MI.DETUTL 07.01.2032 | 1.45% |
| ARIZONA INDL DEV AUTH NATL CHARTER SCH REVOLVING LN FD REV 5% | AZ.AZSEDU 5 11.01.2029 | 1.38% |
| ARIZONA HEALTH FACS AUTH REV 0% | AZ.AZSMED 01.01.2046 | 1.30% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 0% | TX.TXSUTL 09.15.2027 | 1.16% |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 5.5% | AL.SEEPWR 01.01.2053 | 1.16% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.5% | AL.BBEUTL 11.01.2053 | 1.14% |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH POLLUTION CTL REV 1.75% | CA.CASPOL 1.75 09.01.2029 | 1.11% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02687 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02677 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02653 | Jun 30, 2025 |
| May 30, 2025 | $0.02714 | May 30, 2025 |
| Apr 30, 2025 | $0.02689 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02729 | Mar 31, 2025 |