NYLI MacKay Strategic Muni Allc Cl C (MTFFX)
| Fund Assets | 1.98B |
| Expense Ratio | 1.28% |
| Min. Investment | $1,000 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.18% |
| Dividend Growth | -2.50% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.32 |
| YTD Return | -0.27% |
| 1-Year Return | 0.26% |
| 5-Year Return | 2.41% |
| 52-Week Low | 9.09 |
| 52-Week High | 9.63 |
| Beta (5Y) | n/a |
| Holdings | 1061 |
| Inception Date | Jun 28, 2019 |
About MTFFX
NYLI MacKay Strategic Muni Allocation Fund Class C is an open-end municipal bond mutual fund focused on providing current income that is exempt from regular federal income tax. The strategy primarily invests in investment-grade municipal securities while maintaining flexibility to allocate a minority sleeve to high-yield issues to enhance income, guided by relative value analysis across sectors and the yield curve. The portfolio targets an intermediate interest-rate profile, historically managed to a dollar-weighted average duration in the mid range to balance income and rate sensitivity. Managed by MacKay Municipal Managers, the fund emphasizes credit research, sector rotation, and yield-curve positioning, leveraging a long-tenured team and dealer relationships in the muni market. Within the national intermediate muni category, the strategy is designed to diversify exposure across states and sectors such as general obligation, transportation, utilities, and healthcare, with ongoing monthly income distributions typical for the share class family. Class C shares include a contingent deferred sales charge if redeemed within one year and are structured for investors prioritizing level-load pricing over front-end sales charges.
Performance
MTFFX had a total return of 0.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.25%.
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% |
Top 10 Holdings
8.48% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329% | PR.PRCGEN 4.33 07.01.2040 | 1.19% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 05.01.2055 | 1.17% |
| LOS ANGELES CALIF DEPT WTR & PWR REV 0% | CA.LOSUTL 07.01.2035 | 0.98% |
| BURKE CNTY GA DEV AUTH POLLUTN CTL REV 0% | GA.BURPOL 11.01.2052 | 0.94% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5% | KY.KYSPWR 01.01.2055 | 0.85% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | AL.SEEPWR 5 11.01.2035 | 0.71% |
| PUERTO RICO COMWLTH 0% | PR.PRC 11.01.2051 | 0.71% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP V GAS SUPPLY REV 5% | TX.TXSUTL 01.01.2055 | 0.70% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 0.63% |
| MISSOURI ST HSG DEV COMMN SINGLE FAMILY MTG REV 6.5% | MO.MOSHSG 6.5 05.01.2054 | 0.59% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02497 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0242 | Jun 30, 2025 |
| May 30, 2025 | $0.02512 | May 30, 2025 |
| Apr 30, 2025 | $0.02415 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02462 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02227 | Feb 28, 2025 |