NYLIM MacKay Tax Free Bond Class A MTBAX

Medalist Rating as of Aug 4, 2026 See New York Life Investment Management Investment Hub

NAV / 1-Day Return$9.13 / +0.33%
Fund Size$8.4B
Adjusted Expense Ratio0.740%
Net Expense Ratio0.740%
Fee Level: DistributionBelow Average
Share Class TypeFront Load
Morningstar CategoryMuni National Long
Fixed-Income Style Box (Funds)Medium/Extensive
Minimum Initial Investment$15,000
Investment StatusOpen
TTM Yield3.77%
Average Effective Duration8.18 yrs

NAV and 1-Day Return as of Nov 7, 2026, 1:11:06 AM

Will MTBAX outperform in the future?

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MTBAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MTBAX 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 MTBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A top-tier, tax-exempt offering.

Paul Olmsted

Principal

Summary

NYLI MacKay Tax Free Bond benefits from deep municipal industry expertise, a collaborative team, and a proven relative value approach, making it one of the best in the muni national long Morningstar Category.

by Paul Olmsted

Rated on Aug 4, 2026 Published on Aug 4, 2026

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Portfolio Holdings MTBAX

More MTBAX Holdings

Current Portfolio DateAug 31, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings5.9

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
BNY Dreyfus Govt Cash Mgmt Instl	1.09	108M	Corporate
CUYAHOGA CNTY OHIO 5.5%	0.73	73M	municipal
CHICAGO ILL BRD ED DEDICATED CAP IMPT 6%	0.65	65M	municipal
MINNESOTA MUN GAS AGY GAS PROJ REV 5%	0.65	64M	municipal
ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.25%	0.63	63M	municipal
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%	0.63	62M	municipal
NATIONAL FIN AUTH N H UTIL REV 6.89%	0.60	59M	municipal
NEW YORK ST TWY AUTH ST PERS INCOME TAX REV 5%	0.57	56M	municipal
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.5%	0.49	49M	municipal
LOS ANGELES CALIF DEPT WTR & PWR REV 6.603%	0.48	48M	municipal

NYLIM MacKay Tax Free Bond Class A MTBAX

Morningstar’s Analysis MTBAX

Will MTBAX outperform in the future?

Process Pillar

People Pillar

Parent Pillar

A top-tier, tax-exempt offering.

Summary

Portfolio Holdings MTBAX

BNY Dreyfus Govt Cash Mgmt Instl

CUYAHOGA CNTY OHIO 5.5%

CHICAGO ILL BRD ED DEDICATED CAP IMPT 6%

MINNESOTA MUN GAS AGY GAS PROJ REV 5%

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.25%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

NATIONAL FIN AUTH N H UTIL REV 6.89%

NEW YORK ST TWY AUTH ST PERS INCOME TAX REV 5%

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.5%

LOS ANGELES CALIF DEPT WTR & PWR REV 6.603%

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