MTBIX Performance — NYLI MacKay Tax Free Bond Fund, Class I
Data updated: 2026-09-23
MTBIX returned +0.86% year to date and +6.04% over one year to Jul 2026. Annualised returns are +3.34% over 3 years and +0.41% over 5 years. Against its Long-Term Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $110, against $110 for the category, and to $106 over one year, against $106. Volatility over the past three years was 5.74% a year. In the 12 months to Jul 2026 the fund took in a net $1.1B, and assets reached $9.88B.
MTBIX Growth of $100
What $100 invested in NYLI MacKay Tax Free Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | MTBIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $106 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $110 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $102 | $101 |
| Since data start (Aug 2019 – Jul 2026) | $113 | $110 |
MTBIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.86% |
| 1 year | +6.04% |
| 3 years (annualised) | +3.34% |
| 5 years (annualised) | +0.41% |
MTBIX Annual Returns
Calendar-year total returns of NYLI MacKay Tax Free Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.86% |
| 2025 | +4.19% |
| 2024 | +1.60% |
| 2023 | +6.63% |
| 2022 | −10.23% |
| 2021 | +2.30% |
| 2020 | +6.44% |
| 2019 (Aug–Dec) | +1.66% |
MTBIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.9% | +1.5% | −2.2% | +1.2% | +0.5% | +0.9% | −1.7% | — | — | — | — | — |
| 2025 | +0.2% | +1.0% | −1.7% | −0.6% | −0.3% | +0.8% | −0.3% | +0.9% | +2.6% | +1.2% | +0.2% | +0.1% |
| 2024 | −0.3% | +0.1% | 0.0% | −1.1% | −0.2% | +1.7% | +0.8% | +0.8% | +1.2% | −1.6% | +1.7% | −1.4% |
| 2023 | +3.0% | −2.1% | +1.9% | 0.0% | −0.6% | +0.8% | +0.2% | −1.3% | −2.8% | −1.2% | +6.2% | +2.7% |
| 2022 | −2.7% | −0.8% | −3.4% | −3.4% | +1.7% | −2.8% | +2.8% | −2.5% | −3.6% | −1.1% | +5.5% | −0.1% |
| 2021 | +0.9% | −1.8% | +0.8% | +1.1% | +0.5% | +0.4% | +0.7% | −0.4% | −0.8% | −0.2% | +1.1% | +0.2% |
| 2020 | +2.1% | +1.6% | −4.2% | −1.8% | +3.6% | +1.3% | +1.8% | −0.4% | −0.1% | −0.2% | +2.1% | +0.9% |
| 2019 | — | — | — | — | — | — | — | +1.8% | −0.7% | +0.1% | +0.2% | +0.2% |
MTBIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.74%
- 3-year Sharpe ratio: -0.20 (vs 4.5% risk-free rate)
- Best month: +6.25% (Nov 2023)
- Worst month: −2.83% (Sep 2023)
MTBIX Fund Flows
Monthly money in and out of NYLI MacKay Tax Free Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $1.1B
- 12-month gross sales (incl. reinvestments): $3.3B
- Sales ÷ redemptions: 1.46×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $256.5M | $158.6M | $97.8M |
| Jun 2026 | $222.6M | $152.4M | $70.1M |
| May 2026 | $616.9M | $149.6M | $467.4M |
| Apr 2026 | $203.1M | $232.8M | −$29.7M |
| Mar 2026 | $228.4M | $167.2M | $61.2M |
| Feb 2026 | $241.0M | $140.5M | $100.5M |
| Jan 2026 | $359.7M | $167.3M | $192.5M |
| Dec 2025 | $246.4M | $244.6M | $1.8M |
| Nov 2025 | $213.0M | $162.0M | $50.9M |
| Oct 2025 | $248.1M | $153.3M | $94.8M |
| Sep 2025 | $238.8M | $287.4M | −$48.6M |
| Aug 2025 | $254.1M | $257.6M | −$3.5M |
MTBIX Assets Under Management
Net assets of NYLI MacKay Tax Free Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $9.88B |
| 2026-04-30 | $9.38B |
| 2026-01-31 | $9.30B |
| 2025-10-31 | $9.04B |
| 2025-07-31 | $8.67B |
| 2025-04-30 | $8.90B |
| 2025-01-31 | $9.44B |
| 2024-10-31 | $9.63B |
| 2024-07-31 | $9.27B |
| 2024-04-30 | $9.06B |
| 2024-01-31 | $8.76B |
| 2023-10-31 | $7.81B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.