MSCVX – NYLIM MacKay California Muni Investor Cl Investment Strategy | Morningstar

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Strategy

The investment seeks current income exempt from federal and California income taxes. The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and California income taxes. It may invest up to 20% of its net assets in municipal bonds subject to the federal alternative minimum tax, and municipal bonds that pay interest that is subject to federal and California income taxes.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MCOIX	NYLIM MacKay California Muni Class I	Institutional	Open			Feb 28, 2013	$706.70M	0.500%	Below Average	$1M	−$8.21M
MSCVX	NYLIM MacKay California Muni Investor Class	Front Load	Open			Feb 28, 2013	$244,920.00	0.780%	Average	$2,500	−$99,357.81
MSCAX	NYLIM MacKay California Muni Class A	Front Load	Open			Feb 28, 2013	$442.23M	0.750%	Below Average	$15,000	−$41.93M
MSCCX	NYLIM MacKay California Muni Class C	Level Load	Open			Feb 28, 2013	$18.30M	1.030%	Low	$2,500	−$5.55M
MCAMX	NYLIM MacKay California Muni Class C2	Level Load	Open			Aug 31, 2020	$3.41M	1.180%	Low	$2,500	−$301,703.73
MSODX	NYLIM MacKay California Muni Class R6	Retirement, Large	Open			Nov 1, 2019	$61.84M	0.480%	Below Average	$0	$18.44M

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