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MainStay MacKay Tax Free Bond I MTBIX

Analyst rating as of
NAV / 1-Day Return
8.98  /  0.12 %
Total Assets
6.7 Bil
Adj. Expense Ratio
0.480%
Expense Ratio
0.480%
Fee Level
Below Average
Longest Manager Tenure
13.25 years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / Extensive
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
2.82%
Effective Duration
7.82 years

Morningstar’s Fund Analysis MTBIX

Will MTBIX outperform in future?

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

An experienced team leads this high-quality muni offering.

Senior Analyst

Summary

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MainStay MacKay Tax Free Bond's experienced muni investment team follows a dynamic approach to achieve strong performance. This tight-knit group has been together for many years, and its growing credit analyst team, low personnel turnover, and fund ownership merit an upgrade to a High People rating. The strategy’s R6 share class now carries a Morningstar Analyst Rating of Silver; its costlier shares are rated Bronze and Neutral.

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