NYLI MacKay Tax Free Bond Class C2 (MTSPX)
| Fund Assets | 8.67B |
| Expense Ratio | 0.86% |
| Min. Investment | $1,000 |
| Turnover | 36.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 3.23% |
| Dividend Growth | -0.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.06 |
| YTD Return | -1.60% |
| 1-Year Return | -1.41% |
| 5-Year Return | n/a |
| 52-Week Low | 8.85 |
| 52-Week High | 9.54 |
| Beta (5Y) | n/a |
| Holdings | 1067 |
| Inception Date | Aug 31, 2020 |
About MTSPX
NYLI MacKay Tax Free Bond Fund Class C2 is an actively managed municipal bond mutual fund designed to provide current income that is exempt from regular federal income tax. According to the sponsor, the strategy emphasizes relative value across the muni market, using bottom-up credit analysis, yield-curve positioning, and sector rotation, with a focus on investment-grade securities and without employing leverage or explicit interest-rate bets. The portfolio typically invests at least 80% of assets in investment-grade municipal bonds and generally targets longer maturities in the 10–30 year range, aligning with its income objective and interest-rate sensitivity profile. Management highlights risk management and a tenured team with longstanding dealer relationships, supporting execution across diverse municipal sectors. Independent coverage notes a tilt toward higher-yielding revenue sectors, such as electric utilities and special tax revenue bonds, with relatively lower exposure to general-obligation bonds, reflecting the fund’s search for incremental tax-exempt income within investment-grade parameters. The fund distributes income monthly, serving investors seeking federally tax-exempt income from a diversified, professionally managed municipal bond allocation.
Performance
MTSPX had a total return of -1.41% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.54%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
5.95% of assets| Name | Symbol | Weight |
|---|---|---|
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.25% | AL.ESDPWR 07.01.2054 | 0.74% |
| NATIONAL FIN AUTH N H UTIL REV 6.89% | NH.NFAUTL 6.89 04.01.2034 | 0.70% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4% | AL.BBEUTL 10.01.2052 | 0.67% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.5% | CA.SFOAPT 5.5 05.01.2055 | 0.61% |
| LOS ANGELES CALIF DEPT WTR & PWR REV 6.603% | CA.LOSUTL 6.6 07.01.2050 | 0.58% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | CA.SFOAPT 5 05.01.2050 | 0.58% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 0.58% |
| OKLAHOMA TRANSN AUTH OK F/K/A OKLAHOMA ST TPK AUTH 5.5% | OK.OKSTRN 5.5 01.01.2053 | 0.53% |
| FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS 4.7 | OT.FEDMFH 4.76 08.25.2041 | 0.49% |
| SAN ANTONIO TEX WTR REV 5.25% | TX.SANWTR 5.25 05.15.2052 | 0.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02469 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02519 | Jun 30, 2025 |
| May 30, 2025 | $0.02543 | May 30, 2025 |
| Apr 30, 2025 | $0.02403 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0243 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0218 | Feb 28, 2025 |