NYLI MacKay Tax Free Bond Class R6 (MTBDX)
| Fund Assets | 8.67B |
| Expense Ratio | 1.74% |
| Min. Investment | $1,000 |
| Turnover | 36.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.98% |
| Dividend Growth | -0.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.08 |
| YTD Return | -1.25% |
| 1-Year Return | -0.92% |
| 5-Year Return | -0.25% |
| 52-Week Low | 8.86 |
| 52-Week High | 9.55 |
| Beta (5Y) | n/a |
| Holdings | 1067 |
| Inception Date | Nov 1, 2019 |
About MTBDX
NYLI MacKay Tax Free Bond Fund Class R6 is an open-ended mutual fund focused on providing current income that is exempt from regular federal income tax. The fund primarily invests at least 80% of its assets in investment-grade municipal bonds—securities issued by or on behalf of U.S. states, territories, and local governments—rated BBB- or higher by major rating agencies. Its portfolio features a long average maturity, typically spanning 10 to 30 years, positioning it within the muni national long category. Managed by New York Life Investment Management LLC and co-managed by MacKay Shields LLC, the fund employs a disciplined, fundamental analysis strategy that considers factors such as economic conditions, credit research, duration management, and sector allocation. With a broad diversification across more than 1,000 individual holdings, the fund emphasizes risk management and does not use leverage or take outsized interest rate bets. Its yield is structured to attract investors seeking tax-advantaged income, and fund performance is benchmarked against the Bloomberg Municipal Bond Index, reflecting its stature as a representative vehicle within the U.S. municipal bond market.
Performance
MTBDX had a total return of -0.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.89%.
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 | $0.03049 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0308 | Jun 30, 2025 |
| May 30, 2025 | $0.03123 | May 30, 2025 |
| Apr 30, 2025 | $0.02961 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03019 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02714 | Feb 28, 2025 |