NYLI MacKay Tax Free Bond Fund Class A (MTBAX)

Overview

The fund is designed for investors seeking to invest in municipal bonds that provide a balance between risk and return. With its strategy of investing a minimum of 80% of assets in investment-grade municipal bonds, the fund focuses on delivering stable returns to its investors. The average maturity range of the municipal bonds in which it invests spans from 10 to 30 years, providing a medium to long-term investment horizon. Furthermore, the fund takes a cautious approach towards tax-exempt securities subject to the federal alternative minimum tax by limiting such investments to a maximum of 20% of its net assets. This investment strategy seeks to optimize returns while managing risk, making it an attractive option for conservative investors looking for tax-efficient income.

Products and Services

Our products and services are tailored to meet the needs of investors seeking safety, income, and tax advantages through municipal bonds. Here are the main offerings:

• Investment in Investment-Grade Municipal Bonds:

  We specialize in investing at least 80% of our fund's assets in municipal bonds that are rated as investment grade. This ensures a focus on safety and reliability, aiming to provide stable income to our investors.

• Maturity Range Focus (10 to 30 Years):

  The fund primarily targets municipal bonds with a maturity range of 10 to 30 years. This medium to long-term investment strategy is designed to offer the potential for higher yields compared to short-term bonds, within a managed risk framework.

• Limited Exposure to Alternative Minimum Tax (AMT):

  To minimize investors' exposure to the federal alternative minimum tax, our fund restricts investments in tax-exempt securities subject to AMT to no more than 20% of its net assets. This approach helps in optimizing the tax efficiency of our investors' portfolios.