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Morningstar

MainStay MacKay Tax Free Bond A MTBAX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.33  /  0.35 %
  • Total Assets 8.2 Bil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 15,000
  • Status Open
  • TTM Yield 3.49%
  • Effective Duration 8.21 years

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:20 PM GMT+0

Morningstar’s Analysis MTBAX

Will MTBAX 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 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.

Municipal credit research takes front and center.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

Recognition for how MainStay MacKay Tax Free Bond's seasoned municipal investment team and relative-value-driven, time-tested approach makes this a compelling offering among its peers.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings MTBAX

More MTBAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1052
  • Other Holdings 4
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity MuniCash Instl

1.16
90,384,034
Cash and Equivalents

LAMAR TEX CONS INDPT SCH DIST 5.5%

1.01
78,110,613
municipal

SOUTHERN CALIF PUB PWR AUTH SOUTHN TRANSMISSION SYS RENEWAL PROJ REV 5.25%

0.86
66,934,178
municipal

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

0.67
51,694,441
municipal

SAN ANTONIO TEX WTR REV 5.25%

0.57
44,084,300
municipal

SOUTHERN CALIF PUB PWR AUTH SOUTHN TRANSMISSION SYS RENEWAL PROJ REV 5%

0.56
43,226,528
municipal

LOS ANGELES CALIF UNI SCH DIST 5.25%

0.55
42,916,031
municipal

NEW JERSEY ST TPK AUTH TPK REV 5.25%

0.55
42,391,346
municipal

CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5%

0.54
42,208,059
municipal

CHICAGO ILL 6%

0.52
40,561,930
municipal