MainStay MacKay Strategic Municipal Allocation Fund (MTFEX) Alternatives
MainStay MacKay Strategic Municipal Allocation Fund (MTFEX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MTFEX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to MTFEX
MTFEX charges 0.97% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among MTFEX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | MTFEX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | May 30, 2007 | MTFEX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | Feb 2, 2021 | MTFEX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | Jun 24, 2021 | MTFEX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | Jul 11, 2019 | MTFEX vs FMBIX |
Best Risk-Adjusted Alternatives to MTFEX
Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | Dec 4, 2002 | MTFEX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | MTFEX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | MTFEX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | MTFEX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | MTFEX vs USMTX |
Top Performing MTFEX Alternatives (YTD)
MTFEX alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 6.43% | Apr 20, 1998 | MTFEX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 4.12% | Mar 18, 1993 | MTFEX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 3.25% | Nov 21, 2002 | MTFEX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 2.55% | Oct 30, 1992 | MTFEX vs MIY | |
| Nuveen Pennsylvania Quality Municipal Income | 2.31% | Feb 21, 1991 | MTFEX vs NQP |
Lowest Volatility Alternatives to MTFEX
MTFEX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.68% | Aug 19, 2002 | MTFEX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | MTFEX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | MTFEX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | MTFEX vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | MTFEX vs BATVX |
Lowest Drawdown Alternatives to MTFEX
MTFEX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | May 20, 2021 | MTFEX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | MTFEX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | MTFEX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | MTFEX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | MTFEX vs FHMIX |
Other Mutual Funds from MainStay
Most popular MainStay mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| MainStay MacKay Short Duration High Yield Fund | High Yield Bonds | 79 | -0.31% | Dec 17, 2012 | MTFEX vs MDHVX | |
| MainStay MacKay High Yield Municipal Bond Fund | High Yield Muni | 25 | -0.65% | Mar 30, 2010 | MTFEX vs MMHVX | |
| MainStay Epoch Capital Growth Fund | Global Equities | 24 | -5.60% | Jun 29, 2016 | MTFEX vs MECVX | |
| MainStay MacKay California Tax Free Opportunities ... | Municipal Bonds | 33 | -0.63% | Feb 27, 2013 | MTFEX vs MSCVX | |
| MainStay Candriam Emerging Markets Equity Fund | Emerging Markets Diversified | 89 | 3.57% | Nov 14, 2017 | MTFEX vs MCYVX | |
| MainStay MacKay New York Tax Free Opportunities Fu... | Municipal Bonds | 36 | -0.55% | May 13, 2012 | MTFEX vs MNOVX |
Often Compared With MTFEX
What investors most often compare with MTFEX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| DWS Intermediate Tax-Free Fund | Municipal Bonds | 65 | -0.25% | Apr 11, 1983 | MTFEX vs SCMTX | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 94 | 1.10% | Nov 3, 2014 | MTFEX vs DMREX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 28 | -0.72% | Jun 24, 2012 | MTFEX vs FXIEX | |
| Blackrock 2037 Municipal Target Term Trust | Municipal Bonds | 27 | 0.14% | Oct 28, 2022 | MTFEX vs BMN | |
| Fidelity Conservative Income Municipal Bond Fund I... | Municipal Bonds | 99 | 0.30% | Oct 15, 2013 | MTFEX vs FMNDX |
Compare MTFEX with Any Fund or Stock
Compare MTFEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.