NYLI MacKay Colorado Muni Class I (COTYX)
| Fund Assets | 105.49M |
| Expense Ratio | 0.67% |
| Min. Investment | $2,500 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.41% |
| Dividend Growth | 25.59% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 9.75 |
| YTD Return | 0.75% |
| 1-Year Return | 0.71% |
| 5-Year Return | -1.35% |
| 52-Week Low | 9.32 |
| 52-Week High | 9.87 |
| Beta (5Y) | n/a |
| Holdings | 88 |
| 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 0.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.32%.
Top 10 Holdings
25.42% of assets| Name | Symbol | Weight |
|---|---|---|
| Public Authority for Colorado Energy | CO.PUBUTL 6.5 11.15.2038 | 3.36% |
| Dreyfus Government Cash Management Fund | DGCXX | 3.27% |
| City & County of Denver, Series A | CO.DENAPT 4.25 11.15.2031 | 2.69% |
| Colorado Health Facilities Authority, Series A | CO.COSMED 11.15.2060 | 2.62% |
| Denver Urban Renewal Authority, Series A-1 | CO.DENDEV 5 12.01.2025 | 2.51% |
| Midcities Metropolitan District No. 2 | CO.MDCFAC 5 12.01.2031 | 2.47% |
| City of Fort Collins | CO.FORPWR 5 12.01.2037 | 2.32% |
| Mesa County Valley School District No. 51 | CO.MESSCD 5.25 12.01.2042 | 2.07% |
| City & County of Denver Airport System - City & County of Denver, Series D | CO.DENAPT 5.75 11.15.2040 | 2.06% |
| Denver City & County School District No. 1, Series C | CO.DENSCD 5.5 12.01.2047 | 2.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.0275 | Sep 30, 2025 |
| 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 |