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.
Fund Family New York Life Investment Management LLC
Category Muni National Long
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol MKINX
Share Class Investor Class
Index Bloomberg Municipal Bond TR
MKINX had a total return of -2.21% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.18%.
