NYLI MacKay Tax Free Bond Class I (MTBIX)
| Fund Assets | 8.67B |
| Expense Ratio | 0.86% |
| Min. Investment | $1,000,000 |
| Turnover | 36.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.94% |
| Dividend Growth | -0.06% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.07 |
| YTD Return | -1.38% |
| 1-Year Return | -1.38% |
| 5-Year Return | -1.20% |
| 52-Week Low | 8.86 |
| 52-Week High | 9.54 |
| Beta (5Y) | n/a |
| Holdings | 1067 |
| Inception Date | Dec 21, 2009 |
About MTBIX
NYLI MacKay Tax Free Bond Fund Class I is an open-end 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, rated BBB- or higher, which are issued by U.S. states, municipalities, and related entities. With a typical maturity range of 10 to 30 years for its holdings, the fund leverages a relative value strategy, utilizing credit analysis, yield curve positioning, and sector rotation to identify opportunities while emphasizing risk management and avoiding leverage or significant interest rate speculation. Distinguished by its diversified portfolio—spanning sectors such as electric utilities and special tax revenue bonds—the fund maintains medium to extensive interest rate sensitivity and aims for competitive long-term tax-free yields. Managed by a seasoned team, NYLI MacKay Tax Free Bond Fund Class I is positioned as a core option for institutional investors and those seeking federal tax-exempt income through a stable, large-scale municipal fixed income strategy backed by a rigorous analytical process.
Performance
MTBIX had a total return of -1.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.58%.
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 | $0.03005 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03038 | Jun 30, 2025 |
| May 30, 2025 | $0.03081 | May 30, 2025 |
| Apr 30, 2025 | $0.02923 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02979 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02677 | Feb 28, 2025 |