NYLI MacKay Arizona Muni Class Z (AZTFX)
| Fund Assets | 137.20M |
| Expense Ratio | 0.74% |
| Min. Investment | $1,000 |
| Turnover | 39.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.19% |
| Dividend Growth | 19.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.75 |
| YTD Return | 0.84% |
| 1-Year Return | 0.72% |
| 5-Year Return | -0.95% |
| 52-Week Low | 9.36 |
| 52-Week High | 9.88 |
| Beta (5Y) | n/a |
| Holdings | 106 |
| Inception Date | Mar 13, 1986 |
About AZTFX
NYLI MacKay Arizona Muni Fund Class Z is an open-end municipal bond mutual fund focused on generating current income that is exempt from federal and Arizona state income taxes. The portfolio invests at least 80% of assets in Arizona-issued or Arizona-focused municipal securities, emphasizing credit research, yield-curve positioning, and sector rotation to identify relative value across the state and its revenue-backed issuers. The strategy is managed by a tenured municipal team and is designed with a risk-managed approach that avoids leverage and explicit interest-rate bets. The fund distributes income monthly and holds a diversified basket of municipal obligations spanning essential-services revenue bonds, general obligation debt, and other tax-exempt instruments. Following a 2024 reorganization, it carries forward the historical profile of its predecessor Arizona tax-free strategy, maintaining continuity in objective and regional focus. The fund’s role in the market is to provide tax-advantaged income tied to the fiscal dynamics of Arizona’s municipalities, offering investors targeted exposure to state and local infrastructure, education, healthcare, and transportation financing.
Performance
AZTFX had a total return of 0.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.58%.
Top 10 Holdings
24.46% of assets| Name | Symbol | Weight |
|---|---|---|
| CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5% | AZ.CHADEV 09.01.2052 | 4.27% |
| PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5% | AZ.PHOAPT 5 07.01.2026 | 2.82% |
| Arizona Indl Dev Auth Rev Multi Family Tax Exempt Mtg Backed Bds 2020 01/Ju | n/a | 2.57% |
| SALT VERDE FINL CORP GAS REV ARIZ 5.25% | AZ.SLTPWR 5.25 12.01.2028 | 2.29% |
| MARICOPA CNTY ARIZ SPL HEALTH CARE DIST 5% | AZ.MARMED 5 07.01.2032 | 2.27% |
| PHOENIX ARIZ INDL DEV AUTH ED REV 5% | AZ.PHOEDU 5 07.01.2044 | 2.26% |
| MARICOPA CNTY ARIZ POLLUTION CTL CORP POLLUTION CTL REV 3.6% | AZ.MARPOL 3.6 02.01.2040 | 2.17% |
| MARICOPA CNTY ARIZ UN HIGH SCH DIST NO 210 PHOENIX 5% | AZ.MARSCD 5 07.01.2032 | 2.05% |
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV 5% | AZ.MARMED 5 12.01.2045 | 1.92% |
| MARICOPA CNTY ARIZ POLLUTION CTL CORP POLLUTION CTL REV 2.4% | AZ.MARPOL 2.4 06.01.2035 | 1.86% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02758 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02759 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02651 | Jun 30, 2025 |
| May 30, 2025 | $0.0271 | May 30, 2025 |
| Apr 30, 2025 | $0.026 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02654 | Mar 31, 2025 |