MainStay MacKay Tax Free Bond Fund Class R6 (MTBDX)

The MainStay MacKay Tax Free Bond Fund Class R6 (MTBDX) 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. As a Class R6 fund, it is designed for institutional investors and has a lower expense ratio compared to other share classes. This fund is managed by MainStay Investments and MacKay Municipal Managers, and may be a suitable option for investors seeking tax-efficient fixed income investments.