MainStay Tax-Free Bond B
169 Lackawanna Ave. Parsippany, NJ 07054
Map
Phone: 800-624-6782
| Category: | Muni National Long | | Fund Family: | MainStay | | Net Assets: | 18.80M | | Year-to-Date Return: | 15.00% | | Yield: | 3.70% | | 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 at least 80% of assets in municipal bonds, including both general-obligation and revenue bonds. All of the fund's municipal obligations are investment-grade or of comparable quality. It may also invest in Industrial development bonds. |
| Last Dividend
(25-Sep-09):
| 0.03 | | Last Cap Gain
(30-Nov-93):
| 0.08 | | Annual Holdings Turnover
| YFT_NOT_APPLICABLE_ABBREVIATION | | Average for Category:
| 51.03% |
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| Expense | MKTBX | Category
Avg | | Total Expense Ratio: | 1.39%
| 1.02% | | Max 12b1 Fee: | 0.50%
| N/A | | Max Front End Sales Load: | %
| 4.27% | | Max Deferred Sales Load: | 5.00%
| 2.69% | | 3 Yr Expense Projection*: |
$ 761 | $548 | | 5 Yr Expense Projection*: |
$ 1,004 | $794 | | 10 Yr Expense Projection*: |
$ 1,703 | $1,491 |
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