MacKay Municipal Managers(TM) is a recognized leader in active municipal bond investing and is entrusted with more than $82 billion in assets under management, as of December 31, 2025. The team manages a suite of highly rated municipal bond solutions available in multiple vehicles. MacKay Municipal Managers(TM) is a fundamental relative-value bond manager that combines a top-down approach with bottom-up credit research.  Our investment philosophy is centered on the belief that strong long-term performance can be achieved with a relative value, research driven approach in a highly fragmented, inefficient municipal bond market. 

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