Morningstar

NYLI MacKay Tax Free Bond Class I MTBIX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.50  /  −0.39 %
  • Total Assets 9.7 Bil
  • Adj. Expense Ratio
    0.490%
  • Expense Ratio 0.490%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.76%
  • Effective Duration 7.48 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0

Morningstar’s Analysis MTBIX

Will MTBIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MTBIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MTBIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MTBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Seasoned muni managers and a prudent approach.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

MainStay MacKay Tax Free Bond's stable, veteran municipal investment team plies a durable, time-tested approach to make this a top offering among its rivals.

by Paul Olmsted
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MTBIX

More MTBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity MuniCash Instl

1.40 129.6 Mil
Cash and Equivalents

LAMAR TEX CONS INDPT SCH DIST 5.5%

0.78 72.3 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

0.57 53.3 Mil
municipal

OKLAHOMA TRANSN AUTH OK F/K/A OKLAHOMA ST TPK AUTH 5.5%

0.53 49.1 Mil
municipal

SAN ANTONIO TEX WTR REV 5.25%

0.47 43.4 Mil
municipal

BURKE CNTY GA DEV AUTH POLLUTN CTL REV 0%

0.45 41.8 Mil
municipal

CHICAGO ILL 6%

0.44 40.6 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 5%

0.43 40.2 Mil
municipal

LOS ANGELES CALIF UNI SCH DIST 5.25%

0.43 39.9 Mil
municipal

SAN ANTONIO TEX ELEC & GAS REV 5.5%

0.42 39.3 Mil
municipal

Sponsor Center