NYLI MacKay Tax Free Bond Class R6 (MTBDX)
| Fund Assets | 9.07B |
| Expense Ratio | 1.74% |
| Min. Investment | $1,000 |
| Turnover | 54.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.87% |
| Dividend Growth | -0.08% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 9.39 |
| YTD Return | 0.54% |
| 1-Year Return | 5.15% |
| 5-Year Return | 4.12% |
| 52-Week Low | 8.63 |
| 52-Week High | 9.39 |
| Beta (5Y) | n/a |
| Holdings | 1075 |
| 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 5.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.16%.
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
6.51% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Government Cash Management Fund | DGCXX | 1.18% |
| Energy Southeast A Cooperative District, Series B | AL.ESDPWR 07.01.2054 | 0.74% |
| New Hampshire Business Finance Authority, Series A | NH.NFAUTL 6.89 04.01.2034 | 0.69% |
| Black Belt Energy Gas District, Series B | AL.BBEUTL 10.01.2052 | 0.66% |
| San Francisco City & County Airport Commission, Series A | CA.SFOAPT 5.5 05.01.2055 | 0.62% |
| Los Angeles Department of Water & Power, Series A | CA.LOSUTL 6.6 07.01.2050 | 0.58% |
| California Community Choice Financing Authority, Series C | CA.CCEDEV 01.01.2054 | 0.57% |
| Oklahoma Turnpike Authority | OK.OKSTRN 5.5 01.01.2053 | 0.53% |
| FHLMC Multifamily VRD Certificates, Series ML-27 | OT.FEDMFH 08.25.2041 | 0.47% |
| Hillsborough County Aviation Authority, Series B | FL.HILTRN 5.5 10.01.2054 | 0.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.03075 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02976 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03159 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02973 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03086 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03049 | Jul 31, 2025 |