NYLI MacKay Municipal Opportunities Fund

NYLI MacKay Municipal Opportunities Fund is a closed-end investment fund specializing in the U.S. municipal bond market. Its central aim is to provide investors with a steady stream of income that is generally exempt from regular U.S. federal income taxes, making it especially attractive to income-focused investors seeking tax-efficient cash flow. The fund primarily invests in investment-grade municipal bonds, utilizing an active, opportunistic management approach that seeks to uncover relative value across various segments of the municipal bond universe. Managed by an experienced team from New York Life Investment Management and MacKay Shields, the fund leverages in-depth credit research and long-standing relationships within the municipal bond market. It aims to generate monthly distributions while also pursuing total return as a secondary objective. The fund benchmarks its performance against the Barclays Municipal Bond Index, underscoring its focus on high-quality municipal debt. It plays a notable role in the market by offering diversified, professionally managed exposure to municipal bonds, serving both individual and institutional investors who are looking for income with potential tax advantages.