NYLI MacKay Short Term Muni Class I (MSTIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.29

0.00 (0.00%)

At close: Aug 21, 2026

-0.64% (1Y)

Fund Assets	1.37B
Expense Ratio	0.55%
Min. Investment	$1,000,000
Turnover	76.00%
Dividend (ttm)	0.30
Dividend Yield	3.25%
Dividend Growth	-5.35%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.29
YTD Return	1.20%
1-Year Return	2.62%
5-Year Return	8.40%
52-Week Low	9.26
52-Week High	9.43
Beta (5Y)	0.02
Holdings	445
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.

Fund Family New York Life Investment Management LLC

Category Muni National Short

Performance Rating Above Average

Risk Rating Average

Stock Exchange NASDAQ

Ticker Symbol MSTIX

Share Class Class I

Index Bloomberg Municipal Bond 3 Y TR

Performance

MSTIX had a total return of 2.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.21%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MSTUX	Class A2	0.50%
MSTAX	Class A	0.77%
MYTBX	Investor Class	1.03%
MSTEX	Class R6	1.28%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02509	Jul 31, 2026
Jun 30, 2026	$0.02445	Jun 30, 2026
May 29, 2026	$0.02484	May 29, 2026
Apr 30, 2026	$0.02473	Apr 30, 2026
Mar 31, 2026	$0.02498	Mar 31, 2026
Feb 27, 2026	$0.02261	Feb 27, 2026

Full Dividend History