NYLI MacKay Arizona Muni Class A (AZTAX)
| Fund Assets | 132.97M |
| Expense Ratio | 0.80% |
| Min. Investment | $2,500 |
| Turnover | 65.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.14% |
| Dividend Growth | 10.04% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.83 |
| YTD Return | 1.61% |
| 1-Year Return | 5.89% |
| 5-Year Return | n/a |
| 52-Week Low | 9.52 |
| 52-Week High | 9.99 |
| Beta (5Y) | n/a |
| Holdings | 99 |
| Inception Date | n/a |
About AZTAX
The New York Life MacKay Arizona Municipal Bond Fund is a mutual fund designed to generate current income by investing primarily in municipal bonds that are exempt from both federal and Arizona state income taxes. Under normal circumstances, the fund dedicates at least 80% of its assets to these tax-exempt securities, with a focus on bonds issued by Arizona municipalities. Guided by a seasoned management team, the fund employs a relative value investment strategy that integrates thorough credit analysis, active yield curve positioning, and sector rotation to identify attractive opportunities while maintaining a vigilant approach to risk management. Notably, the fund does not use leverage or speculative interest rate positions. With a portfolio spread across numerous holdings, it aims to offer consistent monthly distributions to shareholders. This fund plays a significant role for investors seeking tax-advantaged income within the municipal bond sector and provides exposure to the Arizona municipal market, supporting public projects and infrastructure within the state.
Performance
AZTAX had a total return of 5.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.60%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02572 | Jun 30, 2026 |
| May 29, 2026 | $0.02681 | May 29, 2026 |
| Apr 30, 2026 | $0.02653 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02746 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02479 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02704 | Jan 30, 2026 |