NYLI MacKay Tax Free Bond Class C2 (MTSPX)
| Fund Assets | 9.99B |
| Expense Ratio | 1.18% |
| Min. Investment | $1,000 |
| Turnover | 54.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.15% |
| Dividend Growth | 1.00% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.39 |
| YTD Return | 2.13% |
| 1-Year Return | 6.76% |
| 5-Year Return | 1.55% |
| 52-Week Low | 8.96 |
| 52-Week High | 9.49 |
| Beta (5Y) | n/a |
| Holdings | 1059 |
| 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 6.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.97%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02462 | Jun 30, 2026 |
| May 29, 2026 | $0.02707 | May 29, 2026 |
| Apr 30, 2026 | $0.02413 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02455 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02236 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02462 | Jan 30, 2026 |