NYLI MacKay Tax Free Bond Class I (MTBIX)
| Fund Assets | 9.08B |
| Expense Ratio | 0.86% |
| Min. Investment | $1,000,000 |
| Turnover | 36.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.85% |
| Dividend Growth | 0.08% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 9.32 |
| YTD Return | 3.75% |
| 1-Year Return | 4.32% |
| 5-Year Return | 3.49% |
| 52-Week Low | 8.63 |
| 52-Week High | 9.34 |
| Beta (5Y) | n/a |
| Holdings | 1075 |
| 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 4.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.82%.
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 |
|---|---|---|
| Nov 28, 2025 | $0.02939 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03123 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02935 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03045 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03005 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03038 | Jun 30, 2025 |