NYLI MacKay Tax Free Bond Class B (MKTBX)
| Fund Assets | 8.29B |
| Expense Ratio | 1.38% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | 2.79% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 9.27 |
| YTD Return | 0.35% |
| 1-Year Return | 2.11% |
| 5-Year Return | 1.09% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 1108 |
| Inception Date | May 1, 1986 |
About MKTBX
MKTBX was founded on 1986-05-01. The Fund's investment strategy focuses on Gen & Ins Muni with 1.01% total expense ratio. The minimum amount to invest in MainStay Funds: MainStay MacKay Tax Free Bond Fund; Class B Shares is $1,000 on a standard taxable account. MainStay Funds: MainStay MacKay Tax Free Bond Fund; Class B Shares seeks current income exempt from regular federal income tax. MKTBX invests at least 80% of its assets in municipal bonds that are rated investment grade by at least one independent rating agency. On average, the Fund will invest in municipal bonds that have a maturity range of 10 to 30 years.
Performance
MKTBX had a total return of 2.11% in the past year. Since the fund's inception, the average annual return has been 2.66%, including dividends.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FHUGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class A | 0.77% |
| FSAJX | Fidelity | Fidelity SAI Tax-Free Bond Fund | 0.25% |
| FIWEX | Fidelity | Fidelity Advisor Municipal Income Fund - Class Z | 0.40% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.52% |
Top 10 Holdings
6.23% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock Liquidity Funds - MuniCash | MCSXX | 1.11% |
| BLACKROCK MUN 2030 TARGET TERM TR 0% | OT BIEGEN 12.31.2030 | 0.76% |
| LAMAR TEX CONS INDPT SCH DIST 5.5% | TX LAMSCD 5.5 02.15.2058 | 0.76% |
| CALIFORNIA ST UNIV REV 5.5% | CA CASHGR 5.5 11.01.2055 | 0.66% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | CA SFOAPT 5 05.01.2050 | 0.55% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.25% | AL ESDPWR 07.01.2054 | 0.52% |
| OKLAHOMA TRANSN AUTH OK F/K/A OKLAHOMA ST TPK AUTH 5.5% | OK OKSTRN 5.5 01.01.2053 | 0.51% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4% | AL BBEUTL 10.01.2052 | 0.50% |
| SAN ANTONIO TEX WTR REV 5.25% | TX SANWTR 5.25 05.15.2052 | 0.45% |
| CHICAGO ILL 6% | IL CHI 6 01.01.2038 | 0.41% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 31, 2025 | $0.02634 | Jan 31, 2025 |
| Dec 31, 2024 | $0.02654 | Dec 31, 2024 |
| Nov 29, 2024 | $0.02523 | Nov 29, 2024 |
| Oct 31, 2024 | $0.02572 | Oct 31, 2024 |
| Sep 30, 2024 | $0.0251 | Sep 30, 2024 |
| Aug 30, 2024 | $0.02591 | Aug 30, 2024 |