MTFHX

About MTFHX

NYLI MacKay Strategic Muni Allocation Fund Class R6 is an open-end municipal bond mutual fund designed to provide current income that is exempt from regular federal income tax. The strategy invests, under normal conditions, at least 80% of assets in municipal bonds and maintains a dollar‑weighted average duration typically between three and ten years, aligning it with the muni national intermediate segment. The portfolio emphasizes investment‑grade securities while retaining flexibility to allocate up to a material portion in lower‑rated issues based on relative value assessments and credit research by MacKay Municipal Managers. The fund distributes income monthly and targets a diversified mix across states and sectors within the U.S. municipal market, seeking balance between yield and interest‑rate sensitivity. Since its 2019 inception, it has grown to a multi‑billion‑dollar asset base with over a thousand holdings, reflecting broad exposure and active management of credit, curve positioning, and sector rotation. This share class is tailored for institutional platforms with an expense profile geared to that audience and reporting aligned to Morningstar’s Muni National Intermediate category benchmarks and metrics.