The experience of a large firm. The approach of a nimble, autonomous boutique. Plus, fund managers with a personal touch and a track record of success. All of which means we have the insights, experience, and solutions you need to take advantage of the tax-free bond market.
For Financial Advisors looking to build their clients’ portfolios, download our Municipal Bond Asset Allocation Guide. Investors, please inquire about our guide with your financial advisor.
National Asset Allocation GuideMainStay MacKay Short Term Municipal Fund [I: MSTIX]
MainStay MacKay Tax Free Bond Fund [I: MTBIX]
MainStay MacKay High Yield Municipal Fund [I: MMHIX]
All investments are subject to market risk, including possible loss of principal. Diversification cannot assure a profit or protect against loss in a declining market.
Overall and category Barron’s rankings are based on total returns for the 2018 calendar year among 57 qualifying fund families. MainStay MacKay High Yield Municipal Bond Fund (Class I) rankings in the Lipper High Yield Municipal Debt Funds category: one-year: #18 out of 180; five-year: #6 out of 129; 10-year: n/a. MainStay MacKay Tax Free Bond Fund (Class I) rankings in the Lipper General & Insured Municipal Debt Funds category: one-year: #47 out of 266; five-year: #24 out of 205; 10-year: n/a. MainStay MacKay California Tax Free Opportunities Fund (Class I) rankings in the Lipper California Municipal Debt Funds category: one-year: #8 out of 124; five-year: #6 out of 104; 10-year: n/a. MainStay MacKay New York Tax Free Opportunities Fund (Class I) rankings in the Lipper New York Municipal Debt Funds category: one-year: #7 out of 91; five-year: #6 out of 83; 10-year: n/a. MainStay MacKay Short Term Municipal Fund (Class I) rankings in the Lipper Short Term Municipal Debt Funds category: one-year: #48 out of 131; five-year: #20 out of 100; 10-year: 30 out of 62. As of 3/31/19. Past performance is no guarantee of future results.
National and state-specific strategies across the income and risk spectrum
This is a hypothetical illustration showing relative potential risk and yield. Risk based on standard deviation. *National muni tax-equivalent yield based on 40.80% tax level (37% highest federal tax bracket plus the 3.8% Medicare surcharge). CA and NY muni tax equivalent yield based on the blended rates derived from a top federal income tax rate of 37%, the 3.8% Medicare tax, top state income tax rates of 8.82% and 13.30% in New York and California, respectively. Past performance is no guarantee of future results, which will vary. For the most recent MainStay Funds performance, please visit our web site at nylinvestments.com/funds. All mutual funds are subject to market risk and will fluctuate in value.
Ticker | Name | Morningstar Ratings as of 12/31/20 |
YTD | 1YR | 3YR | 5YR | 10YR | Since Incep. |
Inception Date |
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MMHIX |
MainStay MacKay High Yield Municipal Bond Fund
Fact Sheet Resources See How We Stack Up |
|
Overall based on risk-adjusted returns from among 177 High Yield Muni funds. | 5.42 | 5.42 | 6.27 | 5.81 | 7.44 | 7.38 | 3/31/2010 | |
Growth of Hypothetical
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MTBIX |
MainStay MacKay Tax Free Bond Fund
Fact Sheet Resources See How We Stack Up |
|
Overall based on risk-adjusted returns from among 141 Muni National Long funds. | 6.44 | 6.44 | 5.31 | 4.46 | 5.67 | 5.29 | 12/21/2009 | |
Growth of Hypothetical
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MTFGX |
MainStay MacKay Intermediate Tax Free Bond Fund
Fact Sheet Resources |
4.70 | 4.70 | n/a | n/a | n/a | 4.80 | 6/28/2019 | |||
MSTIX |
MainStay MacKay Short Term Municipal Fund
Fact Sheet Resources |
|
2.54 | 2.54 | 2.29 | 1.77 | 1.34 | 3.69 | 1/2/1991 | ||
MCOIX |
MainStay MacKay California Tax Free Opportunities Fund
Fact Sheet Resources See How We Stack Up |
|
Overall based on risk-adjusted returns from 93 Muni California Long funds. | 5.11 | 5.11 | 5.13 | 4.62 | n/a | 4.76 | 2/28/2013 | |
Growth of Hypothetical
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MNOIX |
MainStay MacKay New York Tax Free Opportunities Fund
Fact Sheet Resources See How We Stack Up |
|
Overall based on risk-adjusted returns from 65 Muni New York Long funds. | 5.37 | 5.37 | 5.06 | 4.29 | n/a | 4.77 | 5/14/2012 | |
Growth of Hypothetical
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MGOIX |
MainStay MacKay U.S. Infrastructure Bond Fund
Fact Sheet Resources |
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6.55 | 6.55 | 5.00 | 3.59 | 2.98 | 5.46 | 1/2/2004 | ||
MMIN |
IQ MacKay Municipal Insured ETF
Fact Sheet Resources |
Overall based on risk-adjusted returns from 249 US Fund Muni National Intermediate funds. | NAV MP |
7.44 7.43 |
7.44 7.43 |
5.685.64 | n/a | n/a | 5.795.87 | 10/18/2017 | |
Growth of Hypothetical
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MMIT |
IQ MacKay Municipal Intermediate ETF
Fact Sheet Resources |
Overall based on risk-adjusted returns from 249 US Fund Muni National Intermediate funds. | NAV MP |
5.87 6.17 |
5.87 6.17 |
5.275.26 | n/a | n/a | 5.16 5.22 |
10/18/2017 | |
Growth of Hypothetical
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MMD |
MainStay MacKay Defined Term Municipal Opportunities Fund1
Fact Sheet Resources |
|
Overall based on risk-adjusted returns from 58 CE Muni National Long funds. | NAV MP |
7.75 8.89 |
7.75 8.89 |
6.56 8.63 |
6.81 8.60 |
n/a | 7.21 7.27 |
6/26/2012 |
MMHIX
Ticker5.42 YTD |
5.42 1YR |
6.27 3YR |
5.81 5YR |
7.44 10YR |
7.38 SI |
MTBIX
Ticker6.44 YTD |
6.44 1YR |
5.31 3YR |
4.46 5YR |
5.67 10YR |
5.29 SI |
MTFGX
Ticker4.70 YTD |
4.70 1YR |
n/a 3YR |
n/a 5YR |
n/a 10YR |
4.80 SI |
MSTIX
Ticker2.54 YTD |
2.54 1YR |
2.29 3YR |
1.77 5YR |
1.34 10YR |
3.69 SI |
MCOIX
Ticker5.11 YTD |
5.11 1YR |
5.13 3YR |
4.62 5YR |
n/a 10YR |
4.76 SI |
MNOIX
Ticker5.37 YTD |
5.37 1YR |
5.06 3YR |
4.29 5YR |
n/a 10YR |
4.77 SI |
MGOIX
Ticker6.55 YTD |
6.55 1YR |
5.00 3YR |
3.59 5YR |
2.98 10YR |
5.46 SI |
MMIN
TickerNAV MP |
7.44 7.43 YTD |
7.44 7.43 1YR |
5.68 5.64 3YR |
n/a 5YR |
n/a 10YR |
5.79 5.87 3YR |
MMIT
TickerNAV MP |
5.87 6.17 YTD |
5.87 6.17 1YR |
5.27 5.26 3YR |
n/a 5YR |
n/a 10YR |
5.16 5.22 SI |
MMD
TickerNAV MP |
7.75 8.89 YTD |
7.75 8.89 1YR |
6.56 8.63 3YR |
6.81 8.60 5YR |
n/a 10YR |
7.21 7.27 SI |
Past performance is no guarantee of future results. Average annual total returns are shown at NAV for Funds, and are shown at NAV and Market Price for ETFs.
Click on the fund name for the most current fund page, which includes the prospectus, investment objectives, performance, risk, and other important information. Returns represent past performance which is no guarantee of future results. Current performance may be lower or higher. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Visit nylinvestments.com/etfs and nylinvestments.com/funds for the most recent month-end performance.
Shares bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculatedusing the daily 4:00 pm ET net asset value (NAV). Beginning on May 31, 2016, the price used to calculate the market pricereturns ("MP") is the mean between the day's last bid and ask prices. Prior to May 31, 2016, market price returns werecalculated using the day's closing price on the fund's primary exchange. The market price returns do not represent returns aninvestor would receive if shares were traded at other times.
1As of 12/31/20. MainStay MacKay High Yield Municipal Bond Fund’s Class A shares rated four stars (five stars Class I) overall and four stars (five stars Class I), four stars (five stars Class I) and four stars (five stars Class I) for the three-, five-, and 10-year periods from among 177, 152 and 100 High Yield Muni funds, respectively. MainStay MacKay Tax Free Bond Fund’s Class A shares rated four stars (four stars Class I) overall and four stars (four stars Class I), three stars (four stars Class I), and four stars (four stars Class I) for the three-, five- and 10-year periods from among 141, 125 and 101 Muni National Long Funds, respectively. MainStay MacKay California Tax Free Opportunities Fund’s Class A shares rated four stars (four stars Class I) overall and four stars (four stars Class I) and four stars (four stars Class I) for the three- and five-year periods from among 93 and 76 Muni California Long funds, respectively. MainStay MacKay New York Tax Free Opportunities Fund’s Class A shares rated four stars (five stars Class I) overall and four stars (five stars Class I) and four stars (five stars Class I) for the three- and five-year periods from among 65 and 58 Muni New York Long Funds, respectively. IQ MacKay Municipal Insured ETF rated five stars overall and five stars for the three-year period from among 249 Muni National Intermediate funds. IQ MacKay Municipal Intermediate ETF rated five stars overall and five stars for the three-year period from among 249 Muni National Intermediate funds. MainStay MacKay DefinedTerm Municipal Opportunities Fund rated five stars overall and five stars for the three- and five-year periods from among 58 and 58 Muni CE National Long Funds, respectively.