NYLI MacKay DefinedTerm Muni Opportunities Fund

NYLI MacKay DefinedTerm Muni Opportunities Fund is a closed-ended fixed income mutual fund that invests in the fixed income markets of the United States. The fund is managed by New York Life Investment Management LLC, with co-management provided by MacKay Shields LLC. Its primary investment focus is on investment grade municipal bonds, which are exempt from regular U.S. Federal income taxes. The fund measures its portfolio's performance against the Barclays Municipal Bond Index. NYLI MacKay DefinedTerm Muni Opportunities Fund was established on June 26, 2012, and is domiciled in the United States.