About ORTYX
NYLI MacKay Oregon Muni Fund Class I is an open-end municipal bond fund focused on generating current income exempt from federal and Oregon state income taxes. The strategy invests at least 80% of assets in Oregon municipal securities, spanning general obligation and revenue bonds that finance public projects such as schools, transportation, utilities, housing, and healthcare infrastructure. The portfolio is managed with a relative‑value approach that blends fundamental credit analysis, yield‑curve positioning, and sector rotation while avoiding leverage and large interest‑rate bets, aiming to balance income with risk control. The fund typically maintains an intermediate interest‑rate profile, consistent with municipal portfolios targeting durations of roughly four to six years, and distributes income monthly. It is overseen by a tenured municipal team at MacKay Municipal Managers with longstanding relationships across the dealer community. Class I shares are designed for institutional or advisory platforms and carry no front-end sales charge, with an expense limitation currently in place for this share class. The fund traces its performance history to a predecessor Oregon tax‑free fund following a 2024 reorganization.
Fund Family New York Life Investment Management LLC
Category Muni Single State Interm
Performance Rating Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol ORTYX
Share Class Class I
Index Bloomberg Muni Quality Intermediate TR
ORTYX had a total return of 4.44% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.53%.
