NYLI MacKay Strategic Muni Allocation Fund Class A is an open‑end municipal bond mutual fund focused on delivering current income that is exempt from regular federal income tax. The strategy maintains a predominantly investment‑grade profile while retaining a flexible mandate to allocate up to a portion of assets to high yield municipal bonds to pursue relative value across the muni market. Managed by MacKay Municipal Managers, the team emphasizes bottom‑up credit analysis, yield‑curve positioning, and sector rotation to balance income generation with risk management. Under normal conditions, the fund invests at least 80% of assets in municipal securities and targets an intermediate interest‑rate exposure, positioning it within the national municipal intermediate category. The portfolio is broadly diversified across states and revenue sectors, and distributes income on a regular basis. By combining a disciplined credit process with tactical allocation, NYLI MacKay Strategic Muni Allocation Fund Class A serves investors seeking federally tax‑exempt income and diversified municipal bond exposure managed by an experienced team with longstanding dealer relationships.
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