About AZTYX
NYLI MacKay Arizona Muni Fund Class I is an open-end municipal bond 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 municipal securities, using credit analysis, yield-curve positioning, and sector rotation within the state’s revenue and general-obligation bond markets to pursue tax-advantaged income while emphasizing risk management and avoiding leverage. The strategy targets the muni single-state intermediate segment, typically maintaining an intermediate duration profile and broad exposure to essential-service issuers such as water and airport systems, higher education authorities, transportation boards, and local school districts. Managed by a tenured municipal team, the fund seeks to balance income generation with capital preservation through diversified holdings and disciplined credit selection. In the broader fixed income market, it serves investors seeking state-specific tax efficiency and municipal credit exposure tied to Arizona’s economic base, offering monthly distributions and an institutional share class structure designed for cost efficiency and scale.
Fund Family New York Life Investment Management LLC
Category Muni Single State Interm
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol AZTYX
Share Class Class I
Index Bloomberg Muni Quality Intermediate TR
AZTYX had a total return of 4.20% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.53%.
