MainStay Tax-Free Bond B
MainStay Funds 169 Lackawanna Ave. Parsippany, NJ 07054
Map
Phone: 800-624-6782
| Category: | Muni National Long | | Fund Family: | MainStay | | Net Assets: | 18.08M | | Year-to-Date Return: | 12.46% | | Yield: | 3.88% | | Morningstar Rating: |  | | Fund Inception Date: | 01-May-86 |
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John Loffredo
Lead Manager since
01-Jul-09 | | | Loffredo is a Senior Managing Director of New York Life Investments and is a Senior Managing Director and portfolio manager for MacKay Shields Municipal Managers. He has been a municipal portfolio manager and/or municipal analyst on Wall Street since 1990. He was a Managing Director and Co-Head of BlackRock?s Municipal Portfolio Management Group (2006 - 2007). Employed since 1990, he served as Chief Investment Officer of Merrill Lynch. Prior to that, he worked for the City of Boston Treasury Department. |
| Min Initial Investment: | $1,000 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | $500 | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | $50 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks provide a high level of current income free from regular federal income tax, consistent with the preservation of capital. The fund normally invests in U.S. tax-exempt securities of any maturity that are, at the time of purchase, rated in one of the top four categories (or short-term tax-exempt securities rated in one of the top three categories) by Moody's or S&P. It invest no more than 20% of net assets in unrated tax-exempt securities that are deemed by the Manager to be of comparable quality. |
| Last Dividend
(30-Nov-09):
| 0.03 | | Last Cap Gain
(30-Nov-93):
| 0.08 | | Annual Holdings Turnover
| YFT_NOT_APPLICABLE_ABBREVIATION | | Average for Category:
| 52.04% |
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| Expense | MKTBX | Category
Avg | | Total Expense Ratio: | %
| 1.02% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 4.23% | | Max Deferred Sales Load: | 5.00%
| 2.68% | | 3 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $541 | | 5 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $786 | | 10 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $1,468 |
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