MainStay MacKay Strategic Municipal Allocation Fund (MTFEX)
The investment seeks current income exempt from regular federal income tax. The fund, under normal circumstances, invests at least 80% of its assets in municipal bonds, the income from which is exempt from federal income tax. It will seek to maintain a portfolio dollar-weighted average duration of 3 to 10 years, although the fund may invest in instruments of any duration or maturity. The manager will invest, under normal circumstances, at least 65% of its net assets in investment grade quality bonds as rated by a nationally recognized statistical rating organization, or if unrated, judged to be of comparable quality the fund's subadvisor.
Fund Info
US56064L3713
Jun 27, 2019
$1,000
Expense Ratio
MTFEX has a high expense ratio of 0.97%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MainStay MacKay Strategic Municipal Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MainStay MacKay Strategic Municipal Allocation Fund had a return of 0.51% year-to-date (YTD) and 2.79% in the last 12 months.
MTFEX
0.51%
0.83%
0.67%
2.79%
0.85%
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of MTFEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.51% | 0.51% | |||||||||||
| 2024 | 0.28% | 0.18% | -0.21% | -0.56% | -0.13% | 1.07% | 1.01% | 0.53% | 1.09% | -1.16% | 0.95% | -0.69% | 2.34% |
| 2023 | 2.44% | -1.42% | 1.25% | -0.21% | -0.09% | 0.81% | 0.29% | -0.77% | -2.14% | -0.52% | 4.27% | 1.81% | 5.67% |
| 2022 | -2.19% | -0.67% | -2.68% | -2.37% | 0.87% | -1.64% | 2.35% | -1.54% | -3.19% | -0.42% | 4.02% | -0.11% | -7.55% |
| 2021 | 0.77% | -1.30% | 0.82% | 0.78% | 0.39% | 0.43% | 0.57% | -0.27% | -0.85% | -0.29% | 1.05% | -0.82% | 1.26% |
| 2020 | 1.44% | 0.94% | -4.89% | -1.27% | 3.27% | 1.27% | 1.65% | -0.35% | 0.04% | -0.17% | 1.63% | 0.91% | 4.32% |
| 2019 | 0.70% | 1.68% | -0.76% | 0.13% | 0.22% | 0.15% | 2.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MTFEX is 51, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay MacKay Strategic Municipal Allocation Fund (MTFEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay MacKay Strategic Municipal Allocation Fund provided a 3.50% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.31 | $0.19 | $0.16 | $0.18 | $0.11 |
Dividend yield | 3.50% | 3.50% | 3.27% | 2.07% | 1.55% | 1.74% | 1.10% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay MacKay Strategic Municipal Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.18 |
| 2019 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the MainStay MacKay Strategic Municipal Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MainStay MacKay Strategic Municipal Allocation Fund was 12.68%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current MainStay MacKay Strategic Municipal Allocation Fund drawdown is 0.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.68% | Aug 6, 2021 | 312 | Oct 26, 2022 | — | — | — |
| -11.24% | Mar 3, 2020 | 14 | Mar 20, 2020 | 96 | Aug 6, 2020 | 110 |
| -2% | Feb 17, 2021 | 7 | Feb 25, 2021 | 68 | Jun 1, 2021 | 75 |
| -1.58% | Aug 19, 2019 | 21 | Sep 17, 2019 | 75 | Jan 3, 2020 | 96 |
| -1.29% | Aug 12, 2020 | 49 | Oct 20, 2020 | 21 | Nov 18, 2020 | 70 |
Volatility
Volatility Chart
The current MainStay MacKay Strategic Municipal Allocation Fund volatility is 0.87%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.