About MNOIX
NYLI MacKay New York Muni Fund is an open-end mutual fund dedicated to providing current income that is exempt from federal, New York state, and, in certain cases, New York local income taxes. The fund invests at least 80% of its assets in municipal bonds issued by New York state entities, with interest deemed tax-exempt at issuance by bond counsel. The strategy focuses on long-duration municipal securities, typically with maturities exceeding five years, aiming to serve investors seeking tax-efficient income, particularly those residing in New York. The portfolio management emphasizes robust credit analysis, risk management, and yield curve positioning, without employing leverage or speculative interest rate bets. Managed by a tenured team with decades of collective experience in municipal markets, the fund relies on sector rotation and deep relationships with municipal dealers to identify relative value opportunities. With institutional features such as a high minimum investment and a focus on investment-grade quality, the NYLI MacKay New York Muni Fund plays a significant role in the municipal bond sector, offering diversified access to New York’s tax-exempt debt markets while supporting essential public infrastructure financing within the state.
Fund Family New York Life Investment Management LLC
Category Muni New York Long
Performance Rating High
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MNOIX
Share Class Class I
Index Bloomberg New York TaxExempt Muni Bond TR
MNOIX had a total return of 7.17% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.11%.
