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 | 3.29% |
| Dividend Growth | -0.24% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 9.30 |
| YTD Return | 1.16% |
| 1-Year Return | 0.77% |
| 5-Year Return | 1.27% |
| 52-Week Low | 8.86 |
| 52-Week High | 9.50 |
| Beta (5Y) | n/a |
| Holdings | 1076 |
| 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 0.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.10%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
5.99% of assets| Name | Symbol | Weight |
|---|---|---|
| Energy Southeast A Cooperative District, Series B | AL.ESDPWR 07.01.2054 | 0.75% |
| New Hampshire Business Finance Authority, Series A | NH.NFAUTL 6.89 04.01.2034 | 0.70% |
| Black Belt Energy Gas District, Series B | AL.BBEUTL 10.01.2052 | 0.69% |
| San Francisco City & County Airport Commission, Series A | CA.SFOAPT 5.5 05.01.2055 | 0.61% |
| Los Angeles Department of Water & Power, Series A | n/a | 0.58% |
| San Francisco City & County Airport Comm-San Francisco International Airport, Series E | CA.SFOAPT 5 05.01.2050 | 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% |
| New York Transportation Development Corp., Series A | NY.NYTTRN 5.25 12.31.2054 | 0.49% |
| Southeast Energy Authority A Cooperative District, Series C | AL.SEEPWR 05.01.2055 | 0.48% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Apr 30, 2025 | $0.02514 | Apr 30, 2025 |