NYLI MacKay Tax Free Bond Class A (MTBAX)

Fund Assets	9.88B
Expense Ratio	0.74%
Min. Investment	$15,000
Turnover	54.00%
Dividend (ttm)	0.34
Dividend Yield	3.69%
Dividend Growth	1.56%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.19
YTD Return	0.60%
1-Year Return	5.19%
5-Year Return	2.13%
52-Week Low	9.05
52-Week High	9.49
Beta (5Y)	0.28
Holdings	1086
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.

• Fund Family: New York Life Investment Management LLC
• Category: Muni National Long
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: MTBAX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

MTBAX had a total return of 5.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.01%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VWLTX	Vanguard	Vanguard Long-Term Tax-Exempt Fund	0.17%
VWALX	Vanguard	Vanguard High-Yield Tax-Exempt Adm	0.09%
VWLUX	Vanguard	Vanguard Long-Term Tax-Exempt Adm	0.09%
VWAHX	Vanguard	Vanguard High-Yield Tax-Exempt Fund	0.17%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MTBDX	Class R6	0.43%
MTBIX	Class I	0.49%
MKINX	Investor Class	0.78%
MTFCX	Class C	1.03%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02951	Jul 31, 2026
Jun 30, 2026	$0.02814	Jun 30, 2026
May 29, 2026	$0.03068	May 29, 2026
Apr 30, 2026	$0.02762	Apr 30, 2026
Mar 31, 2026	$0.02816	Mar 31, 2026
Feb 27, 2026	$0.02565	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 26, 2026

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