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.
Fund Family New York Life Investment Management LLC
Category Muni National Long
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol MTBIX
Share Class Class I
Index Bloomberg Municipal Bond TR
MTBIX had a total return of -1.93% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.56%.
