Explore Muni 360, state by state

John Loffredo, CFA
Robert DiMella, CFA

MacKay Municipal Managers. The minds behind proven municipal bond solutions.

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.

Bloomberg Radio talks about the state of the muni market with our experts.

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  • US Taxable Municipal Bonds: Beyond the Basics

    Preferential capital treatment, low correlations, and ESG friendly credits have sparked interest in taxable municipal bonds. Learn more about why taxable municipal bonds are an attractive alternative to other fixed-income asset classes.

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  • Subscribe to Receive Our Municipal Market Insights

    Stay informed about the state of the municipal bond market. Sign up below to receive insights on the municipal markets, including our monthly Muni 360 Report.

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Municipal Bond Asset Allocation Guide

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 Guide
California Asset Allocation Guide
New York Asset Allocation Guide

My risk tolerance is

MainStay 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.

Explore our award-winning municipal bond solutions

Named top manager explore

National and state-specific strategies across the income and risk spectrum

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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. 

MTBIX

MainStay MacKay Tax
Free Bond Fund
star star star star

For Class A Morningstar ratings, see the fact sheet.

Class I

garant-bronze
Growth of Hypothetical
$100,000 Investment
image

MMHIX

MainStay MacKay High Yield
Municipal Bond Fund
star star star star star

For Class A Morningstar ratings, see the fact sheet.

Class I

garant-bronze
Growth of Hypothetical
$100,000 Investment
image

MSTIX

MainStay MacKay Short
Term Municipal Fund

MCOIX

MainStay MacKay California
Tax Free Opportunities
star star star star star

For Class A Morningstar ratings, see the fact sheet.

Class I

garant-bronze
Growth of Hypothetical
$100,000 Investment
image

MNOIX

MainStay MacKay New York
Tax Free Opportunities Fund
star star star star star

For Class A Morningstar ratings, see the fact sheet.

Class I

garant-bronze garant-bronze
Growth of Hypothetical
$100,000 Investment
image

MGOIX

MainStay MacKay Infrastructure Bond Fund

Investing in high-quality taxable municipals

For more about the asset class, read the white paper

Growth of Hypothetical
$100,000 Investment
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MMIN

IQ MacKay Municipal
Insured ETF

MMIT

IQ MacKay Municipal
Intermediate ETF

MMD

MainStay MacKay
Defined Term Municipal Opportunities Fund

Insights and resources

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