NYLI MacKay High Yield Muni Bond Fund Investor Class (MMHVX)

Overview

The fund is designed for investors seeking to invest in municipal bonds, focusing on generating income by allocating at least 80% of its assets to municipal bonds. Its strategy is inclusive of investing in both stable bonds and those with higher risks such as bonds in bankruptcy proceedings or default. This approach highlights a diverse investment philosophy that aims to balance risk and return by diversifying across various types of municipal bonds.

Products and Services

• Municipal Bonds Investment

  The core service of the fund involves investing in municipal bonds, which are debt securities issued by states, cities, counties, and other governmental entities to fund public projects. This service is aimed at investors who are looking for tax-exempt income and are willing to invest in bonds with a broad range of credit risks, from stable to high-risk bonds.

• High-Risk Bond Investments

  As part of its unique value proposition, the fund offers the opportunity to invest up to 10% of its net assets in municipal bonds that entail a higher level of risk. This includes bonds under bankruptcy proceedings, in default, or those rated in the lowest category by a National Recognized Statistical Rating Organization (NRSRO). This service caters to investors with a higher risk tolerance, seeking potentially higher returns.