NYLI MacKay High Yield Muni Bond Fund Class R6 is a municipal bond mutual fund focused on generating a high level of current income that is exempt from federal income taxes. Managed by a seasoned team leveraging extensive experience and strong relationships in the municipal bond market, the fund predominantly invests at least 80% of its assets in municipal bonds, including those rated in any category or unrated, with an emphasis on higher-yielding, non-investment-grade securities. Employing a relative value investment strategy, the fund utilizes rigorous credit analysis, yield curve positioning, and sector rotation, while maintaining a disciplined focus on risk management and avoiding leverage or overt interest rate bets. The portfolio is broadly diversified across issuers, sectors, and states, with a high allocation to U.S. municipal debt and a modest turnover rate. Monthly dividend distributions deliver consistent tax-advantaged income to investors, making this fund a prominent choice for those seeking income solutions within the municipal fixed-income sector. The Class R6 shares are typically structured for institutional platforms with a low expense ratio, reinforcing the fund’s appeal among sophisticated market participants.
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