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.
Fund Family New York Life Investment Management LLC
Category Muni National Long
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MTSPX
Share Class Class C2
Index Bloomberg Municipal Bond TR
MTSPX had a total return of 4.72% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.65%.
