MainStay MacKay Tax Free Bond's dynamic approach to portfolio construction and security selection has delivered strong returns in recent periods, and it retains a Morningstar Analyst Rating of Bronze for its cheaper R6 and I share classes, but its more expensive A, B, C, and investor share classes drop to Neutral under our enhanced rating methodology.
Will MTBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of MTBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.