COTYX

About COTYX

NYLI MacKay Colorado Muni Fund Class I is an open-end municipal bond fund focused on delivering current income that is exempt from federal and Colorado state income taxes. According to New York Life Investments, the portfolio invests at least 80% of assets in Colorado municipal bonds, using a relative value approach that combines credit analysis, yield-curve positioning, and sector rotation, with an emphasis on risk management and no use of leverage or interest rate bets. The fund targets the Muni Single State Intermediate segment, aligning with a benchmark of shorter- to intermediate-term municipal bonds. Management transitioned in July 2024 when the Aquila Tax-Free Fund of Colorado was reorganized into this strategy, with MacKay Shields serving as subadvisor and historical performance of the predecessor fund carried forward for continuity. The Class I share class is positioned for institutional and corporate investors and carries an expense ratio cited around the mid-0.60% range in third-party reports. Holdings commonly include Colorado school district, state agency, university, and utility revenue bonds, reflecting diversified exposure to the state’s public finance landscape.