NYLI MacKay Muni Short Duration Fund

NYLI MacKay Muni Short Duration Fund is an actively managed exchange-traded fund specializing in U.S. municipal securities. Its primary objective is to provide current income exempt from regular federal income tax by investing predominantly in high-quality, short-term municipal bonds with a target portfolio duration of one to three years. Managed by the experienced MacKay Municipal Managers team, the fund incorporates rigorous credit analysis and robust market research to identify attractive investment opportunities. Notably, the fund offers credit flexibility, allowing up to 20% of assets to be allocated to non-investment grade municipal securities, supporting opportunistic positioning in response to evolving market conditions. This structure positions the fund as a compelling solution for investors seeking tax-advantaged income with lower interest rate sensitivity, making it relevant for those looking to diversify away from cash and traditional fixed income in a normalizing rate environment. The NYLI MacKay Muni Short Duration Fund plays an important role in the municipal bond market, offering access to both stability and income potential within a short duration municipal bond strategy.