Morningstar

NYLIM MacKay Tax Free Bond Class A MTBAX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Management Investment Hub
  • NAV / 1-Day Return 8.78  /  +0.57 %
  • Total Assets 8.5B
  • Adj. Expense Ratio
    0.740%
  • Expense Ratio 0.740%
  • 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 3.89%
  • Effective Duration 7.79 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis MTBAX

Will MTBAX outperform in the 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.

A top-tier, tax-exempt offering.

Principal Paul Olmsted

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
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Portfolio Holdings MTBAX

More MTBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CUYAHOGA CNTY OHIO 5.5%

0.74 74M
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%

0.64 64M
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 60M
municipal

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

0.58 57M
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 6.603%

0.51 50M
municipal

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

0.49 49M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

0.48 48M
municipal

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