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MainStay Tax-Free Bond A

MTBAX
10.27
+0.00
+0.03%
5/27/2016
5 Years
  • Previous Close

    10.27

  • Net Assets

    1.01B

  • Yield

    3.31%

  • Front load

    4.50

  • Expenses

    0.81%

  • Category

    Muni National Long

  • Morningstar Risk

    Above Average

  • Morningstar Rating ★★★
Profile

Name of Issuer

MainStay

Fund Style

Open

Fund Manager

John Loffredo

Investment Style

-

The investment seeks current income exempt from regular federal income tax. 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.

Purchase Information

Initial Purchase 25,000
Initial Purchase: IRA NA
Initial Purchase: AIP NA

Inception

1/3/1995

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