NYLI MacKay Muni Income Opportunities Fund

New York Life Investments

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About this fund

Tax-exempt municipal bonds issued across the United States, blending investment-grade credits with a high-yield sleeve to lift income. Leverage comes from tender option bonds, and the portfolio runs long, with weighted average maturity above twenty years.

Key figures

Net assets$102M

Total assets$130M

Leverage0.27×

Target TWR—

Underlying companies100

Strategy

Asset classMulti-Asset

StrategyDirect investments

Sub asset classMunicipal Credit

Geographic focus—

BenchmarkBloomberg Municipal Bond Index

Target Market—

Leverage ratio / policy0.3x

Sectors—

Fund management team

JLC

John Loffredo, CFA

Executive Managing Director and Vice Chairman, MacKay Shields; Co-Head of MacKay Municipal Managers · New York Life Investments

RDC

Robert DiMella, CFA

Executive Managing Director, MacKay Shields; Co-Head of MacKay Municipal Managers · New York Life Investments

Mike Petty

Senior Managing Director and Portfolio Manager, MacKay Shields · New York Life Investments

MDC

Michael Denlinger, CFA

Managing Director and Portfolio Manager, MacKay Shields · New York Life Investments