NYLI MacKay Tax Free Bond Class C (MTFCX)
| Fund Assets | 8.86B |
| Expense Ratio | 2.24% |
| Min. Investment | $1,000 |
| Turnover | 36.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.30% |
| Dividend Growth | 0.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 31, 2025 |
| Previous Close | 9.35 |
| YTD Return | 1.49% |
| 1-Year Return | 1.68% |
| 5-Year Return | 0.54% |
| 52-Week Low | 8.86 |
| 52-Week High | 9.50 |
| Beta (5Y) | n/a |
| Holdings | 1071 |
| Inception Date | Sep 1, 1998 |
About MTFCX
NYLI MacKay Tax Free Bond Fund Class C is an open-end mutual fund that primarily invests in U.S. municipal bonds with the objective of generating current income exempt from regular federal income tax. The fund employs a relative value strategy, focusing on investment-grade municipal securities by utilizing credit analysis, yield curve positioning, and sector rotation to identify compelling opportunities within the municipal market. Emphasizing risk management, the portfolio management team avoids leverage and does not make significant interest rate bets, instead relying on in-depth research and long-standing relationships with municipal dealers. The fund generally maintains exposure to higher-yielding bonds, such as those issued by electric utilities and special tax revenue authorities, with corresponding underweightings in other sectors. The investment approach primarily targets municipal bonds rated BBB- and above, with maturities typically ranging from 10 to 30 years, thereby aiming for stable, tax-advantaged income. NYLI MacKay Tax Free Bond Fund Class C serves investors looking to preserve capital while seeking tax-free income through a broadly diversified municipal bond portfolio managed by an experienced investment team.
Performance
MTFCX had a total return of 1.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.11%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
6.59% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Government Cash Management Fund | DGCXX | 0.91% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.25% | AL.ESDPWR 07.01.2054 | 0.75% |
| NATIONAL FIN AUTH N H UTIL REV 6.89% | NH.NFAUTL 6.89 04.01.2034 | 0.71% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4% | AL.BBEUTL 10.01.2052 | 0.69% |
| Cash Offsets For Shorts & Derivatives | n/a | 0.66% |
| 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 | 0.57% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 0.57% |
| OKLAHOMA TRANSN AUTH OK F/K/A OKLAHOMA ST TPK AUTH 5.5% | OK.OKSTRN 5.5 01.01.2053 | 0.53% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 31, 2025 | $0.02702 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02523 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02625 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02583 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0263 | Jun 30, 2025 |
| May 30, 2025 | $0.02658 | May 30, 2025 |