NYLI MacKay Short Term Muni Class I (MSTIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.37
0.00 (0.00%)
Oct 10, 2025, 4:00 PM EDT
Fund Assets1.06B
Expense Ratio0.55%
Min. Investment$1,000,000
Turnover48.00%
Dividend (ttm)0.32
Dividend Yield3.39%
Dividend Growth2.31%
Payout FrequencyMonthly
Ex-Dividend DateSep 30, 2025
Previous Close9.37
YTD Return1.97%
1-Year Return1.97%
5-Year Return5.80%
52-Week Low9.14
52-Week High9.41
Beta (5Y)n/a
Holdings334
Inception DateJan 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.

Fund Family New York Life Investment Management LLC
Category Muni National Short
Stock Exchange NASDAQ
Ticker Symbol MSTIX
Share Class Class I
Index Bloomberg Municipal Bond 3 Y TR

Performance

MSTIX had a total return of 1.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.20%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
MSTUXClass A20.50%
MSTAXClass A0.77%
MYTBXInvestor Class1.03%
MSTEXClass R61.28%

Top 10 Holdings

14.31% of assets
NameSymbolWeight
Dreyfus Government Cash Management FundDGCXX2.86%
Matching Fund Special Purpose Securitization Corp., Series AVI.MFCFAC 5 10.01.20261.59%
City of Detroit, Series DMI.DETUTL 07.01.20321.36%
Nash Health Care SystemsNC.NASMED 5 02.01.20321.33%
New York City Housing Development Corp., Class ANY.NYCMFH 5.46 12.15.20311.30%
Arizona Industrial Development Authority, Series AAZ.AZSEDU 5 11.01.20291.30%
Arizona Health Facilities Authority, Series BAZ.AZSMED 01.01.20461.21%
New Jersey Transportation Trust Fund Authority, Series A-1NJ.NJSTRN 5 06.15.20271.14%
Indianapolis Local Public Improvement Bond Bank, Series B-2IN.INPBBK 5 01.01.20291.13%
Texas Municipal Gas Acquisition and Supply Corp. II, Series CTX.TXSUTL 09.15.20271.09%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Sep 30, 2025$0.02576Sep 30, 2025
Aug 29, 2025$0.02687Aug 29, 2025
Jul 31, 2025$0.02677Jul 31, 2025
Jun 30, 2025$0.02653Jun 30, 2025
May 30, 2025$0.02714May 30, 2025
Apr 30, 2025$0.02689Apr 30, 2025
Full Dividend History