COTCX

About COTCX

NYLI MacKay Colorado Muni Fund is an open‑end municipal bond fund focused on generating current income that is exempt from federal and Colorado state income taxes. The portfolio invests at least 80% of assets in tax‑exempt municipal securities, primarily investment‑grade bonds issued by Colorado state and local entities to finance public projects such as schools, utilities, transportation, and healthcare facilities. The strategy employs relative‑value investing, combining fundamental credit research with yield‑curve positioning and sector rotation to identify opportunities while emphasizing risk management; the team does not employ leverage or make explicit interest‑rate bets. Managed by a seasoned municipal team with multi‑decade tenure, the fund sits in the muni single‑state intermediate category, typically maintaining an intermediate duration profile aligned with its income objective and risk controls. By concentrating on one state’s tax‑exempt market while allowing limited flexibility to hold a small portion outside the state, the fund provides targeted tax‑advantaged income and exposure to Colorado’s municipal credit landscape.