MTFGX

About MTFGX

NYLI MacKay Strategic Muni Allocation Fund Class I is an open‑end municipal bond mutual fund designed to provide current income that is generally exempt from regular federal income tax. The strategy centers on an intermediate‑term profile, typically targeting a portfolio duration within the mid‑range of the muni curve, and maintains a core emphasis on investment‑grade securities while retaining flexibility to allocate a meaningful sleeve to high yield municipal bonds when relative value warrants. Managed by MacKay Municipal Managers, the fund employs active asset allocation across credit tiers, sectors, and the yield curve, supported by fundamental credit analysis and tactical positioning. Its investable universe spans revenue and general obligation bonds, including sectors such as essential services, transportation, and tax‑backed issuers common to the U.S. municipal market. The fund’s role in the market is to offer a turnkey, dynamically managed municipal allocation that blends stability from higher‑quality bonds with opportunistic exposure to lower‑rated issues to enhance risk‑adjusted, after‑tax income potential for taxable investors seeking intermediate municipal exposure.