MTFCX: Profile for MAINSTAY TAX FREE BOND FD CLASS

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.

INVESTMENT INFORMATION

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

MTFCX can be purchased from brokerages.

FUND SUMMARY

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.

FUND OPERATIONS

Last Dividend (30-Nov-09):	0.03
Last Cap Gain	YFT_NOT_APPLICABLE_ABBREVIATION
Annual Holdings Turnover	YFT_NOT_APPLICABLE_ABBREVIATION
Average for Category:	52.04%

FEES & EXPENSES

Expense	MTFCX	Category Avg
Total Expense Ratio:	%	1.02%
Max 12b1 Fee:	%	N/A
Max Front End Sales Load:	%	4.23%
Max Deferred Sales Load:	1.00%	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

* Per $10,000 invested

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