MainStay MacKay Tax Free Bond Fund, Class A (MTBAX)

The MainStay MacKay Tax Free Bond Fund, Class A (MTBAX) is a mutual fund that primarily invests in tax-exempt bonds issued by state and local governments. This fund aims to provide investors with a steady stream of tax-free income while also preserving capital. It is managed by MainStay Investments and MacKay Shields, two well-respected investment firms. With a focus on tax-free bonds, this fund may be a suitable option for investors looking to minimize their tax burden while still earning a return on their investment.