Since inception, the NYLI MacKay Muni Intermediate ETF has delivered higher returns with less volatility than a comparable passive national municipal bond fund.
Stronger Returns with Less Volatility Than Passive National Muni Solutions1
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Seeks to enhance total return potential through its subadvisor’s active management approach
Can complement or replace passive solutions while also adding the potential to generate alpha
Offers the potential to add a high-quality tax-exempt income stream to portfolios
Why MMIT Now?
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Overall Morningstar Rating based on the risk-adjusted returns from among 252 Muni National Intermediate funds, as of 01/31/2026
MTFGX
NYLI MacKay Strategic Muni Allocation Fund
Class I
FIXED INCOME
Overall Morningstar Rating based on the risk-adjusted returns from among 252 Muni National Intermediate funds, as of 01/31/2026
MMIT
NYLI MacKay Muni Intermediate ETF
Class I
FIXED INCOME
Class A Information
The Fund’s flexible mandate allows the seasoned team at MacKay Municipal Managers to dynamically adjust the mix between investment grade and high yield, capitalizing on relative value opportunities as market conditions change.
Opportunistic When Market Conditions Change2
Managed by MacKay Municipal Managers, leaders in municipal investing, NYLI MacKay Strategic Muni Allocation Fund (MTFGX) offers a turn-key, actively managed investment grade strategy with a flexible mandate to opportunistically invest up to 35% in high yield municipal bonds.
A Flexible Investment Mandate & Elevated Yields Make MTFGX Compelling
Municipal bond yields sit at attractive levels, offering a timely opportunity amid a shifting rate environment
Has a flexible mandate that allows the team to capitalize on changes in market conditions
Offers comprehensive exposure across all segments of the municipal bond market
Why MTFGX Now?
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MTFGX
NYLI MacKay Strategic Muni Allocation Fund
Class I
FIXED INCOME
MMIT
NYLI MacKay Muni Intermediate ETF
FIXED INCOME
Class A
In this example, replacing 50% of passively managed funds with MMIT would lead to an increase in annual returns.
Replacing Part of a Passively Managed Investment-Grade Muni Portfolio Could Enhance Performance
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Offers consistent performance and active management for a lower fee
Can complement or replace passive solutions with a Muni strategy that has the potential to generate alpha
Offers the potential to add a high-quality tax-exempt income stream to your clients’ portfolios
Why MMIT Now?
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MTFGX has a flexible mandate that allows the team to capitalize by adjusting the mix with changes in market conditions and relative value opportunities.
Opportunistic When Market Conditions Change
NYLI MacKay Strategic Muni Allocation Fund (MTFGX) is a turnkey, actively managed investment solution. MTFGX offers investors comprehensive exposure across all segments of the municipal bond market and looks to capitalize on market conditions and relative value opportunity.
A Flexible Investment Approach & Elevated Yields Make MTFGX a Fit for Today’s Market
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Near 10-year highs across credit markets make today’s environment a compelling opportunity for municipal bonds
Has a flexible mandate that allows the team to capitalize on changes in market conditions
Offers comprehensive exposure across all segments of the municipal bond market
Why MTFGX Now?
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MTFGX
NYLI MacKay Strategic Muni Allocation Fund
Class I
FIXED INCOME
Class A Information
NYLI MacKay Muni Intermediate ETF
Click on the Fund Name, which includes the prospectus, investment objectives, performance, risk, and other essential information. Returns represent past performance, which is no guarantee of future results. Current performance may be lower or higher. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Visit www.newyorklifeinvestments.com for the most recent month-end performance. Standard deviation measures the dispersion of a fund’s returns over a specific time period. A higher standard deviation implies greater potential for volatility.
Overall Morningstar Rating based on the risk-adjusted returns from among 207 Muni National Short funds, as of 01/31/2026
MSTIX
NYLI MacKay Short Term Muni Fund
Class I
FIXED INCOME
Class A Information
MTFGX
NYLI MacKay Strategic Muni Allocation Fund
Class I
FIXED INCOME
Class A Information
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Why MSDIX Now?
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MTFGX
NYLI MacKay Strategic Muni Allocation Fund
Class I
FIXED INCOME
Class A Information
MSTIX Tax-Equivalent Distribution Rate is Higher than Treasury Bills and Money Market Funds 3
As the yield curve has normalized, MSTIX already offered higher tax-equivalent income potential compared to Treasury bills and money market funds.
Morningstar 11/30/25. Yield for MSTIX is the distribution rate. Yield for Benchmarks is the Yield to worst. T-Bills represented by Bloomberg U.S. Treasury Bills Index, Taxable Monkey Market represented by Bloomberg U.S. Taxable Money Market. Yield for MSTIX reflects the fund’s current distribution rate. Yield for benchmark indices is calculated as yield to worst. Treasury bills are represented by the Bloomberg U.S. Treasury Bills Index, which measures the performance of U.S. Treasury bills with maturities of one year or less and are backed by the full faith and credit of the U.S. government. Taxable money market instruments are represented by the Bloomberg U.S. Taxable Money Market Index, which measures the performance of U.S. dollar–denominated taxable money market securities, including high-quality, short-term debt instruments with maturities generally of one year or less.
Past performance is no guarantee of future results, which will vary. Indexes are unmanaged and it is not possible to invest directly in an index. Tax rates are subject to change. Treasury securities are backed by the full faith and credit of the United States government as to the timely payment of principal and interest when held to maturity.
Assumes a 40.8% federal tax rate and that 100% of income is federally tax-exempt. For illustrative purposes only.
Provide potential diversification benefits during periods of equity market volatility
Help reduce the need for frequent reinvestment and may limit exposure to potential future lower rates
Seek to manage interest rate risk while maintaining income potential
Why MSTIX Now?
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As the yield curve has normalized, MSTIX already offered higher tax-equivalent income potential compared to Treasury bills and money market funds.
Overall Morningstar Rating based on the risk-adjusted returns from among 252 Muni National Intermediate funds, as of 01/31/2026
- Overall Morningstar Rating based on the risk-adjusted returns from among 207 Muni National Short funds, as of 01/31/2026
- Overall Morningstar Rating based on the risk-adjusted returns from among 207 Muni National Short funds, as of 01/31/2026