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.
Fund Family New York Life Investment Management LLC
Category Muni Single State Interm
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol AZTFX
Share Class Class Z
Index Bloomberg Muni Quality Intermediate TR
AZTFX had a total return of 3.93% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.92%.
