NYLI MacKay Colorado Muni Class I (COTYX)
| Fund Assets | 103.23M |
| Expense Ratio | 0.67% |
| Min. Investment | $15,000 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.43% |
| Dividend Growth | 29.99% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.69 |
| YTD Return | 0.13% |
| 1-Year Return | -0.03% |
| 5-Year Return | -2.26% |
| 52-Week Low | 9.32 |
| 52-Week High | 9.90 |
| Beta (5Y) | n/a |
| Holdings | 90 |
| Inception Date | Apr 30, 1996 |
About COTYX
NYLI MacKay Colorado Muni Fund Class I is an open-end municipal bond fund focused on delivering current income that is exempt from federal and Colorado state income taxes. According to New York Life Investments, the portfolio invests at least 80% of assets in Colorado municipal bonds, using a relative value approach that combines credit analysis, yield-curve positioning, and sector rotation, with an emphasis on risk management and no use of leverage or interest rate bets. The fund targets the Muni Single State Intermediate segment, aligning with a benchmark of shorter- to intermediate-term municipal bonds. Management transitioned in July 2024 when the Aquila Tax-Free Fund of Colorado was reorganized into this strategy, with MacKay Shields serving as subadvisor and historical performance of the predecessor fund carried forward for continuity. The Class I share class is positioned for institutional and corporate investors and carries an expense ratio cited around the mid-0.60% range in third-party reports. Holdings commonly include Colorado school district, state agency, university, and utility revenue bonds, reflecting diversified exposure to the state’s public finance landscape.
Performance
COTYX had a total return of -0.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.31%.
Top 10 Holdings
25.42% of assets| Name | Symbol | Weight |
|---|---|---|
| PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% | CO.PUBUTL 6.5 11.15.2038 | 3.36% |
| Dreyfus Government Cash Management Fund | DGCXX | 3.27% |
| DENVER COLO CITY & CNTY ARPT REV 4.25% | CO.DENAPT 4.25 11.15.2031 | 2.69% |
| COLORADO HEALTH FACS AUTH REV 5% | CO.COSMED 11.15.2060 | 2.62% |
| DENVER COLO URBAN RENEWAL AUTH TAX INCREMENT REV 5% | CO.DENDEV 5 12.01.2025 | 2.51% |
| MIDCITIES MET DIST NO 2 COLO SPL REV 5% | CO.MDCFAC 5 12.01.2031 | 2.47% |
| FORT COLLINS COLO ELEC UTIL ENTERPRISE REV 5% | CO.FORPWR 5 12.01.2037 | 2.32% |
| MESA CNTY COLO VY SCH DIST NO 051 GRAND JUNCTION 5.25% | CO.MESSCD 5.25 12.01.2042 | 2.07% |
| DENVER COLO CITY & CNTY ARPT REV 5.75% | CO.DENAPT 5.75 11.15.2040 | 2.06% |
| DENVER COLO CITY & CNTY SCH DIST NO 1 5.5% | CO.DENSCD 5.5 12.01.2047 | 2.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02859 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02822 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02699 | Jun 30, 2025 |
| May 30, 2025 | $0.02752 | May 30, 2025 |
| Apr 30, 2025 | $0.02617 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02691 | Mar 31, 2025 |