Scott Sprauer
Senior Managing Director , Portfolio Manager
Scott Sprauer

Scott is a Managing Director at MacKay Municipal Managers and Portfolio Manager of the NYLI MacKay municipal bond funds. His primary focus is on the taxable, short term and California segments of the municipal market. 

Scott joined the firm in 2009 in his current role. Previously, he was Head Trader, Fixed Income, at Financial Guaranty Insurance Company. Scott was also a Municipal Bond Portfolio Manager/Trader at Dreyfus Corporation and Merrill Lynch Investment Managers. He has worked in the financial services industry since 1991. 

Scott earned a B.S./B.A. in Finance from Villanova University.

   

Products Managed

Applied Filters
Remove filter
results
View Returns
Monthly Quarterly
Morningstar Rating Risk Adjusted Returns As of 12/31/2025 Average Annual Total Returns As of 12/31/2025 As of 12/31/2025
Symbol Name Asset Class Share Class Overall Rating Category Funds in Category YTD 1Y 3Y 5Y 10Y SI Incept. Date
MTBAX NYLI MacKay Tax Free Bond Fund Fixed Income A Morning Star Rating Morning Star Rating Morning Star Rating Muni National Long 156 0.68 0.68 -2.34 -2.34 3.93 3.93 0.81 0.81 3.86 3.86 2.81 2.81 0.47 0.47 -0.45 -0.45 2.33 2.33 1.86 1.86 4.07 4.07 3.92 3.92 01/03/1995
MMD NYLI MacKay DefinedTerm Muni Opportunities Fund Fixed Income - Morning Star Rating Morning Star Rating Morning Star Rating Morning Star Rating Morning Star Rating Muni National Long 156 0.18 0.18 2.35 2.35 2.55 2.55 4.50 4.50 3.92 3.92 2.24 2.24 -0.10 -0.10 -2.61 -2.61 3.30 3.30 2.84 2.84 4.45 4.45 3.51 3.51 06/26/2012
UTAVX NYLI MacKay Utah Muni Fund Fixed Income A - Muni Single State Intermediate 105 0.77 0.77 -2.25 -2.25 4.81 4.81 1.66 1.66 - - - - - - - - - - - - 3.78 3.78 1.62 1.62 07/22/2024
MMCA NYLI MacKay California Muni Intermediate ETF Fixed Income - Morning Star Rating Morning Star Rating Morning Star Rating Morning Star Rating Morning Star Rating Muni California Intermediate 53 0.77 0.77 0.69 0.69 5.55 5.55 5.78 5.78 4.33 4.33 4.40 4.40 - - - - - - - - -0.05 -0.05 0.00 0.00 12/21/2021
AZTAX NYLI MacKay Arizona Muni Fund Fixed Income A - Muni Single State Intermediate 105 0.74 0.74 -2.28 -2.28 4.46 4.46 1.32 1.32 - - - - - - - - - - - - 3.69 3.69 1.53 1.53 07/22/2024
MSTAX NYLI MacKay Short Term Muni Fund Fixed Income A Morning Star Rating Morning Star Rating Morning Star Rating Muni National Short 199 0.44 0.44 -0.57 -0.57 4.40 4.40 3.35 3.35 3.52 3.52 3.17 3.17 1.39 1.39 1.18 1.18 1.43 1.43 1.33 1.33 1.77 1.77 1.63 1.63 01/02/2004
MSCAX NYLI MacKay California Muni Fund Fixed Income A Morning Star Rating Morning Star Rating Morning Star Rating Muni California Long 101 0.66 0.66 -2.36 -2.36 2.40 2.40 -0.68 -0.68 3.88 3.88 2.84 2.84 0.40 0.40 -0.52 -0.52 2.36 2.36 1.89 1.89 2.88 2.88 2.51 2.51 02/28/2013
ORTBX NYLI MacKay Oregon Muni Fund Fixed Income A - Muni Single State Intermediate 105 0.80 0.80 -2.22 -2.22 4.06 4.06 0.94 0.94 - - - - - - - - - - - - 2.98 2.98 0.84 0.84 07/22/2024
COTAX NYLI MacKay Colorado Muni Fund Fixed Income A - Muni Single State Intermediate 105 0.65 0.65 -2.37 -2.37 3.65 3.65 0.54 0.54 - - - - - - - - - - - - 3.09 3.09 0.94 0.94 07/22/2024
MGVAX NYLI MacKay U.S. Infrastructure Bond Fund Fixed Income A Morning Star Rating Morning Star Rating Morning Star Rating Morning Star Rating Intermediate Core Bond 414 0.31 0.31 -2.70 -2.70 8.28 8.28 5.03 5.03 5.83 5.83 4.76 4.76 0.69 0.69 -0.24 -0.24 1.99 1.99 1.53 1.53 3.91 3.91 3.75 3.75 01/03/1995

Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than the figures shown. Investment return and principal value will fluctuate so that upon redemption, shares may be worth more or less than their original cost. Performance figures for all Funds reflect contractual waivers and/or expense limitations, without which total returns may have been lower. These limitations may be modified or terminated only with Board approval.


The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance (this does not include the effects of sales charges, loads, and redemption fees). The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.


Click on the product name for the most recent overall risk-adjusted Morningstar ratings shown above, including ratings by share class and time period and the number of funds in each category. The Fund page also includes the prospectus, investment objectives, performance, risk and other important information.