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MainStay MacKay Tax Free Bond Inv MKINX

Analyst rating as of
NAV / 1-Day Return
9.46  /  0.56 %
Total Assets
6.8 Bil
Adj. Expense Ratio
0.760%
Expense Ratio
0.760%
Fee Level
Below Average
Longest Manager Tenure
13.01 years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / Extensive
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.50%
Effective Duration
7.67 years

Morningstar’s Analysis

Will MKINX outperform in future?

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

Solid long-term track record.

Associate Director

Summary

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MainStay MacKay Tax Free Bond's dynamic approach to portfolio construction and security selection has delivered strong returns versus peers. The strategy’s cheaper R6 and I shares earn a Morningstar Analyst Rating of Bronze, while its more expensive share classes are rated Neutral.

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