NYLI MacKay Tax Free Bond Class A (MTBAX)
| Fund Assets | 8.67B |
| Expense Ratio | 1.49% |
| Min. Investment | $15,000 |
| Turnover | 36.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.51% |
| Dividend Growth | -0.04% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.07 |
| YTD Return | -1.46% |
| 1-Year Return | -1.27% |
| 5-Year Return | -1.66% |
| 52-Week Low | 8.86 |
| 52-Week High | 9.54 |
| Beta (5Y) | 0.26 |
| Holdings | 1067 |
| Inception Date | Jan 3, 1995 |
About MTBAX
NYLI MacKay Tax Free Bond Fund Class A is a mutual fund designed to provide investors with current income that is exempt from regular federal income tax. The fund primarily invests in investment-grade municipal bonds, which are debt securities issued by states, local governments, or their agencies for public projects. Its core strategy employs credit analysis, yield curve positioning, and sector rotation to identify attractive opportunities while maintaining a firm focus on risk management. The fund does not use leverage or make directional interest rate bets, and it maintains a diversified portfolio with a long average maturity, typically between 10 and 30 years. Managed by an experienced team since 1993, it emphasizes high credit quality—often holding a significant portion of assets in bonds rated AA or higher—thereby addressing conservative investors’ needs for tax-advantaged yield with controlled risk. With monthly income distributions and a dynamic approach to municipal investing, the NYLI MacKay Tax Free Bond Fund Class A plays a significant role in the U.S. fixed income market by facilitating broader access to tax-free municipal income for individual and institutional investors.
Performance
MTBAX had a total return of -1.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.91%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
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 | $0.02813 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02853 | Jun 30, 2025 |
| May 30, 2025 | $0.02888 | May 30, 2025 |
| Apr 30, 2025 | $0.02737 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02782 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02498 | Feb 28, 2025 |