About MTFFX
NYLI MacKay Strategic Muni Allocation Fund Class C is an open-end municipal bond mutual fund focused on providing current income that is exempt from regular federal income tax. The strategy primarily invests in investment-grade municipal securities while maintaining flexibility to allocate a minority sleeve to high-yield issues to enhance income, guided by relative value analysis across sectors and the yield curve. The portfolio targets an intermediate interest-rate profile, historically managed to a dollar-weighted average duration in the mid range to balance income and rate sensitivity. Managed by MacKay Municipal Managers, the fund emphasizes credit research, sector rotation, and yield-curve positioning, leveraging a long-tenured team and dealer relationships in the muni market. Within the national intermediate muni category, the strategy is designed to diversify exposure across states and sectors such as general obligation, transportation, utilities, and healthcare, with ongoing monthly income distributions typical for the share class family. Class C shares include a contingent deferred sales charge if redeemed within one year and are structured for investors prioritizing level-load pricing over front-end sales charges.
Fund Family New York Life Investment Management LLC
Category Muni National Interm
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol MTFFX
Share Class Class C
Index Bloomberg 1-15 Y Municipal Blend TR
MTFFX had a total return of 1.03% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.88%.
