NYLI MacKay Strategic Muni Allc Cl I (MTFGX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.50
+0.01 (0.11%)
Oct 10, 2025, 9:30 AM EDT
0.11%
Fund Assets2.23B
Expense Ratio0.55%
Min. Investment$1,000,000
Turnover37.00%
Dividend (ttm)0.35
Dividend Yield3.66%
Dividend Growth-1.96%
Payout FrequencyMonthly
Ex-Dividend DateSep 30, 2025
Previous Close9.49
YTD Return1.83%
1-Year Return1.94%
5-Year Return8.51%
52-Week Low9.09
52-Week High9.59
Beta (5Y)n/a
Holdings1147
Inception DateJun 28, 2019

About MTFGX

NYLI MacKay Strategic Muni Allocation Fund Class I is an open‑end municipal bond mutual fund designed to provide current income that is generally exempt from regular federal income tax. The strategy centers on an intermediate‑term profile, typically targeting a portfolio duration within the mid‑range of the muni curve, and maintains a core emphasis on investment‑grade securities while retaining flexibility to allocate a meaningful sleeve to high yield municipal bonds when relative value warrants. Managed by MacKay Municipal Managers, the fund employs active asset allocation across credit tiers, sectors, and the yield curve, supported by fundamental credit analysis and tactical positioning. Its investable universe spans revenue and general obligation bonds, including sectors such as essential services, transportation, and tax‑backed issuers common to the U.S. municipal market. The fund’s role in the market is to offer a turnkey, dynamically managed municipal allocation that blends stability from higher‑quality bonds with opportunistic exposure to lower‑rated issues to enhance risk‑adjusted, after‑tax income potential for taxable investors seeking intermediate municipal exposure.

Fund Family New York Life Investment Management LLC
Category Muni National Interm
Stock Exchange NASDAQ
Ticker Symbol MTFGX
Share Class Class I
Index Bloomberg 1-15 Y Municipal Blend TR

Performance

MTFGX had a total return of 1.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.11%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
MTFHXClass R60.50%
MTFDXClass A0.77%
MTFEXInvestor Class1.03%
MTFFXClass C1.28%

Top 10 Holdings

9.30% of assets
NameSymbolWeight
Dreyfus Government Cash Management FundDGCXX2.76%
Main Street Natural Gas, Inc., Series EGA.MAIUTL 05.01.20551.07%
Puerto Rico Sales Tax Financing Corp., Series A-2PR.PRCGEN 4.33 07.01.20401.06%
Kentucky Public Energy Authority, Series BKY.KYSPWR 01.01.20550.77%
Commonwealth of Puerto RicoPR.PRC 11.01.20510.66%
Texas Municipal Gas Acquisition & Supply Corp. VTX.TXSUTL 01.01.20550.64%
Southeast Energy Authority A Cooperative District, Series AAL.SEEPWR 5 11.01.20350.64%
Tarrant County Cultural Education Facilities Finance Corp., Series CTX.TAREDU 11.15.20640.58%
California Community Choice Financing Authority, Series CCA.CCEDEV 01.01.20540.57%
Development Authority of Burke County (The), Series 1GA.BURPOL 11.01.20520.56%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Sep 30, 2025$0.02841Sep 30, 2025
Aug 29, 2025$0.02936Aug 29, 2025
Jul 31, 2025$0.02938Jul 31, 2025
Jun 30, 2025$0.02849Jun 30, 2025
May 30, 2025$0.02952May 30, 2025
Apr 30, 2025$0.02841Apr 30, 2025
Full Dividend History