NYLI MacKay Tax Free Bond Investor Class (MKINX)
| Fund Assets | 8.67B |
| Expense Ratio | 1.18% |
| Min. Investment | $1,000 |
| Turnover | 36.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.47% |
| Dividend Growth | -0.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.11 |
| YTD Return | -1.46% |
| 1-Year Return | -1.30% |
| 5-Year Return | -2.19% |
| 52-Week Low | 8.90 |
| 52-Week High | 9.58 |
| Beta (5Y) | n/a |
| Holdings | 1067 |
| Inception Date | Feb 28, 2008 |
About MKINX
NYLI MacKay Tax Free Bond Fund Investor Class is a mutual fund focused on generating current income that is exempt from regular federal income tax. Operating primarily within the national municipal bond market, the fund typically invests at least 80% of its assets in investment grade municipal bonds, seeking to capitalize on detailed credit analysis, yield curve positioning, and sector rotation to identify attractive opportunities. The fund features medium to extensive interest rate sensitivity, and its portfolio is broadly diversified, comprising hundreds of holdings, with a significant portion in high-quality AAA and AA rated bonds. Managed by a seasoned team with deep municipal market expertise, risk management is a central emphasis, with a disciplined approach that avoids leverage and concentrated interest rate bets. The fund distributes income to shareholders monthly and serves investors looking for tax-advantaged income in a professionally managed, long-duration municipal bond portfolio. This makes it a relevant option within the muni national long fund category for individuals seeking a blend of income and tax efficiency in their fixed-income allocations.
Performance
MKINX had a total return of -1.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.21%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.51% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.44% |
Top 10 Holdings
5.95% of assets| Name | Symbol | Weight |
|---|---|---|
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.25% | AL.ESDPWR 07.01.2054 | 0.74% |
| NATIONAL FIN AUTH N H UTIL REV 6.89% | NH.NFAUTL 6.89 04.01.2034 | 0.70% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4% | AL.BBEUTL 10.01.2052 | 0.67% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.5% | CA.SFOAPT 5.5 05.01.2055 | 0.61% |
| LOS ANGELES CALIF DEPT WTR & PWR REV 6.603% | CA.LOSUTL 6.6 07.01.2050 | 0.58% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | CA.SFOAPT 5 05.01.2050 | 0.58% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 0.58% |
| OKLAHOMA TRANSN AUTH OK F/K/A OKLAHOMA ST TPK AUTH 5.5% | OK.OKSTRN 5.5 01.01.2053 | 0.53% |
| FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS 4.7 | OT.FEDMFH 4.76 08.25.2041 | 0.49% |
| SAN ANTONIO TEX WTR REV 5.25% | TX.SANWTR 5.25 05.15.2052 | 0.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02774 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02815 | Jun 30, 2025 |
| May 30, 2025 | $0.0285 | May 30, 2025 |
| Apr 30, 2025 | $0.027 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02743 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02462 | Feb 28, 2025 |