MainStay MacKay Tax Free Bond Fund, Class I (MTBIX)

The MainStay MacKay Tax Free Bond Fund, Class I (MTBIX) 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 income and professional management, MTBIX may be a suitable option for investors looking for a conservative fixed-income investment.