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Nasdaq - Delayed Quote USD

NYLI MacKay Tax Free Bond Class I (MTBIX)

9.30
+0.03
+(0.32%)
At close: 8:01:41 PM EDT

Fund Summary

The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in municipal bonds that are rated investment grade. On average, it will invest in municipal bonds that have a maturity range of 10 to 30 years. The fund may not invest more than 20% of its net assets in tax-exempt securities subject to the federal alternative minimum tax.

NYLI MacKay Tax Free Bond Class I

Parsippany, NJ 07054
169 Lackawanna Ave

Fund Overview

Category Muni National Long
Fund Family New York Life Investment Management LLC
Net Assets 9.15B
YTD Return -0.47%
Yield 3.89%
Morningstar Rating
Inception Date Nov 01, 2019

Fund Operations

Last Dividend 0.09
Last Cap Gain -8.00
Holdings Turnover 36.00%
Average for Category --

Fees & Expenses

Expense MTBIX Category Average
Annual Report Expense Ratio (net) 0.49% 0.73%
Prospectus Net Expense Ratio 0.49% --
Prospectus Gross Expense Ratio 0.49% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.72%
Max Deferred Sales Load -- 1.54%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Robert A. DiMella, Lead Manager since July 01, 2009
Robert joined MacKay Shields in July 2009 when the firm acquired the assets of Mariner Municipal Managers LLC. He was the President and co-founder of Mariner Municipal Managers from 2007 to 2009. He has been a municipal portfolio manager since 1992, with a broad range of trading and portfolio management experience in the municipal markets. Robert was a Managing Director and Co-Head of BlackRock’s Municipal Portfolio Management Group (from 2006 to 2007). Prior to BlackRock’s merger with Merrill Lynch Investment Managers, he served as a Senior Portfolio Manager and Managing Director of the Municipal Products Group. He was employed by Merrill Lynch from 1993 to 2006. Robert is a member of the firm’s Senior Leadership Team. He earned his Master’s degree at Rutgers University Business School and an undergraduate degree at the University of Connecticut. He is a CFA Charterholder.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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