About MTFEX
NYLI MacKay Strategic Municipal Allocation Fund Investor Class is an actively managed municipal bond mutual fund focused on generating current income that is exempt from regular federal income tax. The strategy primarily invests in investment‑grade municipal securities while retaining a flexible mandate to allocate up to a portion of assets to high yield issues when relative value warrants, using credit research, yield‑curve positioning, and sector rotation to identify opportunities. The portfolio targets an intermediate interest‑rate profile, seeking a dollar‑weighted average duration generally between three and ten years, and pays distributions on a monthly basis. Managed by MacKay Municipal Managers, the fund benefits from a tenured team with long experience in municipal markets and broad dealer relationships that support sourcing and execution. It sits within the Muni National Intermediate category and is benchmarked to a blend of shorter‑to‑intermediate municipal bonds, reflecting its emphasis on diversified national exposure across sectors such as essential services, transportation, utilities, and housing finance. Launched in 2019, the vehicle has grown to a multi‑billion‑dollar asset base and maintains a large, diversified holdings roster to balance credit selection with risk management.
Fund Family New York Life Investment Management LLC
Category Muni National Interm
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MTFEX
Share Class Investor Class
Index Bloomberg 1-15 Y Municipal Blend TR
MTFEX had a total return of 6.02% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.53%.
