NYLIM MacKay Strategic Muni Allocation Class I (MTFGX)

Fund Assets	2.54B
Expense Ratio	0.486%
Min. Investment	$1,000,000
Turnover	47.00%
Dividend (ttm)	0.35
Dividend Yield	3.83%
Dividend Growth	-0.24%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.06
YTD Return	-2.50%
1-Year Return	-1.19%
5-Year Return	5.66%
52-Week Low	8.92
52-Week High	9.71
Beta (5Y)	n/a
Holdings	1425
Inception Date	Jun 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
• Performance Rating: High
• Risk Rating: Below Average
• 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 -1.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.05%.

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%
MTFDX	Class A	0.77%
MTFEX	Investor Class	1.03%
MTFFX	Class C	1.28%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02913	Sep 30, 2026
Aug 31, 2026	$0.02935	Aug 31, 2026
Jul 31, 2026	$0.0293	Jul 31, 2026
Jun 30, 2026	$0.02841	Jun 30, 2026
May 29, 2026	$0.02962	May 29, 2026
Apr 30, 2026	$0.02883	Apr 30, 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:

Oct 16, 2026

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