Morningstar

NYLI MacKay Tax Free Bond Class R6 MTBDX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.26  /  +0.22 %
  • Total Assets 10.0B
  • Adj. Expense Ratio
    0.430%
  • Expense Ratio 0.430%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.99%
  • Effective Duration 7.79 years

USD | NAV as of Aug 08, 2026 | 1-Day Return as of Aug 08, 2026, 12:11 AM GMT+0

Morningstar’s Analysis MTBDX

Will MTBDX 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 MTBDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MTBDX 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 MTBDX’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
Rated on Published on

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Portfolio Holdings MTBDX

More MTBDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BNY Dreyfus Govt Cash Mgmt Instl

3.82 377M
Cash and Equivalents

CUYAHOGA CNTY OHIO 5.5%

0.75 74M
municipal

CHICAGO ILL BRD ED DEDICATED CAP IMPT 6%

0.66 65M
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.25%

0.65 64M
municipal

MINNESOTA MUN GAS AGY GAS PROJ REV 5%

0.65 64M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

0.64 63M
municipal

NATIONAL FIN AUTH N H UTIL REV 6.89%

0.61 61M
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 6.603%

0.53 52M
municipal

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

0.50 49M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

0.49 48M
municipal

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