NYLI MacKay Strategic Muni Allocation Class A (MTFDX)

Fund Assets	2.71B
Expense Ratio	0.77%
Min. Investment	$15,000
Turnover	47.00%
Dividend (ttm)	0.32
Dividend Yield	3.25%
Dividend Growth	-0.43%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.48
YTD Return	0.91%
1-Year Return	4.87%
5-Year Return	6.87%
52-Week Low	9.32
52-Week High	9.72
Beta (5Y)	n/a
Holdings	1379
Inception Date	Jun 28, 2019

About MTFDX

NYLI MacKay Strategic Muni Allocation Fund Class A is an open‑end municipal bond mutual fund focused on delivering current income that is exempt from regular federal income tax. The strategy maintains a predominantly investment‑grade profile while retaining a flexible mandate to allocate up to a portion of assets to high yield municipal bonds to pursue relative value across the muni market. Managed by MacKay Municipal Managers, the team emphasizes bottom‑up credit analysis, yield‑curve positioning, and sector rotation to balance income generation with risk management. Under normal conditions, the fund invests at least 80% of assets in municipal securities and targets an intermediate interest‑rate exposure, positioning it within the national municipal intermediate category. The portfolio is broadly diversified across states and revenue sectors, and distributes income on a regular basis. By combining a disciplined credit process with tactical allocation, NYLI MacKay Strategic Muni Allocation Fund Class A serves investors seeking federally tax‑exempt income and diversified municipal bond exposure managed by an experienced team with longstanding dealer relationships.

• Fund Family: New York Life Investment Management LLC
• Category: Muni National Interm
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: MTFDX
• Share Class: Class A
• Index: Bloomberg 1-15 Y Municipal Blend TR

Performance

MTFDX had a total return of 4.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.38%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VWITX	Vanguard	Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares	0.17%
VWIUX	Vanguard	Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares	0.09%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MTFHX	Class R6	0.50%
MTFGX	Class I	0.55%
MTFEX	Investor Class	1.03%
MTFFX	Class C	1.28%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02728	Jul 31, 2026
Jun 30, 2026	$0.02644	Jun 30, 2026
May 29, 2026	$0.0276	May 29, 2026
Apr 30, 2026	$0.02686	Apr 30, 2026
Mar 31, 2026	$0.02716	Mar 31, 2026
Feb 27, 2026	$0.02484	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 11, 2026

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