NYLI MacKay New York Muni Class C2
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NASDAQ
Rating
Reward
Risk
Fund Information
Fund Type
Category
Sub-Category
Prospectus Objective
Inception Date
Open/Closed to New Investors
Minimum Initial Investment
Minimum Subsequent Investment
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Asset Allocation
Cash
Stock
U.S. Stock
Non U.S. Stock
Bond
U.S. Bond
Non-U.S. Bond
Preferred
Convertible
Other
Services Offered
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Performance
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Company Information
Provider
New York Life Investment Management LLC
Manager/Tenure
(Years)
(Years)
Robert A. DiMella (12), Michael Petty (12), Frances Lewis (8), 2 others
Address
New York Life Investment Management Llc
New York NY - 10036
New York NY - 10036
Country
United States
Phone Number
212-938-6500
Investment Strategy
The investment seeks current income exempt from federal and New York State and, in some cases, New York local income taxes. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and New York income taxes. It generally invests in municipal bonds that have a maturity of five years or longer at the time of purchase.