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NYLI MacKay Short Term Muni Class I (MSTIX)
9.31
+0.01
+(0.11%)
At close: 8:03:56 PM EDT
Fund Summary
The fund normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal debt securities. It invests in an actively managed, diversified portfolio of tax-exempt municipal debt securities. The fund invests in investment grade securities. It may also invest up to 10% of its net assets in taxable municipal debt securities. Normally, the fund will have a dollar-weighted average maturity of three years or less.
NYLI MacKay Short Term Muni Class I
Parsippany NJ 07054
169 Lackawanna Ave
Fund Overview
| Category | Muni National Short |
| Fund Family | New York Life Investment Management LLC |
| Net Assets | 909.54M |
| YTD Return | 1.07% |
| Yield | 3.42% |
| Morningstar Rating | |
| Inception Date | Jan 02, 1991 |
Fund Operations
| Last Dividend | 0.08 |
| Last Cap Gain | -11.00 |
| Holdings Turnover | 48.00% |
| Average for Category | -- |
Fees & Expenses
| Expense | MSTIX | Category Average |
|---|---|---|
| Annual Report Expense Ratio (net) | 0.40% | 0.60% |
| Prospectus Net Expense Ratio | 0.40% | -- |
| Prospectus Gross Expense Ratio | 0.43% | -- |
| Max 12b1 Fee | -- | -- |
| Max Front End Sales Load | -- | 2.24% |
| Max Deferred Sales Load | -- | 1.03% |
| 3 Yr Expense Projection | 0 | -- |
| 5 Yr Expense Projection | 0 | -- |
| 10 Yr Expense Projection | 0 | -- |
Management Information
Robert A. DiMella, Lead Manager since June 01, 2015
Robert joined MacKay Shields in July 2009 when the firm acquired the assets of Mariner Municipal Managers LLC. He was the President and co-founder of Mariner Municipal Managers from 2007 to 2009. He has been a municipal portfolio manager since 1992, with a broad range of trading and portfolio management experience in the municipal markets. Robert was a Managing Director and Co-Head of BlackRock’s Municipal Portfolio Management Group (from 2006 to 2007). Prior to BlackRock’s merger with Merrill Lynch Investment Managers, he served as a Senior Portfolio Manager and Managing Director of the Municipal Products Group. He was employed by Merrill Lynch from 1993 to 2006. Robert is a member of the firm’s Senior Leadership Team. He earned his Master’s degree at Rutgers University Business School and an undergraduate degree at the University of Connecticut. He is a CFA Charterholder. Morningstar Style Box
Morningstar Style Box Information Not Available
Morningstar Category
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