NYLI MacKay Utah Muni Fund Class I is a municipal bond mutual fund designed to provide current income exempt from both federal and Utah state income taxes. This fund primarily invests at least 80% of its assets in a diversified portfolio of municipal bonds issued within Utah, with a strong focus on maintaining tax efficiency for residents of the state. Leveraging a veteran municipal investment team and an active management approach, the fund employs strategies such as in-depth credit analysis, yield curve positioning, and sector rotation to identify value opportunities while emphasizing rigorous risk management. As a non-diversified fund, its portfolio consists primarily of debt from Utah-related issuers across sectors like education, transportation, and housing. The fund typically distributes income monthly, appealing to institutional and high-net-worth investors seeking stable, tax-advantaged income. With its institutional share class, the NYLI MacKay Utah Muni Fund Class I plays a significant role for investors aiming to optimize after-tax returns through a targeted allocation to Utah municipal securities, contributing to both portfolio stability and local infrastructure funding.
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