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Nyli Mackay Tax Free Bond Class A (MTBAX)
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29/11 - Closed. Currency in USD
- Morningstar Rating:
- Total Assets: 1.23B
MainStay Tax-Free Bond A
9.47
+0.02
+0.21%
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MTBAX Overview
On this page you'll find an in-depth profile of Nyli Mackay Tax Free Bond Class A. Learn about the key management, total assets, investment strategy and contact information of MTBAX among other information.
Investment Strategy
The investment seeks current income exempt from regular federal income tax. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in municipal bonds that are rated investment grade. On average, it will invest in municipal bonds that have a maturity range of 10 to 30 years. The fund may not invest more than 20% of its net assets in tax-exempt securities subject to the federal alternative minimum tax.
Contact Information
Address
51 Madison Avenue
New York,NY 10036
United States
New York,NY 10036
United States
Phone
+1 212 9386500
Fax
212-938-8181
Top Executives
| Name | Title | Since | Until |
|---|---|---|---|
| Michael Denlinger | - | 2021 | Now |
| Biography | Mr. Denlinger joined MacKay Shields in 2019 and is currently a Director. Before joining the firm he was an institutional municipal credit trader at Bank of America Merrill Lynch with a primary focus on taxable and healthcare securities. Prior to trading credit, he was a high-grade municipal trader. Michael earned a Bachelor’s degree in Economics from Johns Hopkins University in 2014. He is a CFA Charterholder. He has been in the financial services industry since 2014. | ||
| Frances Lewis | Senior Managing Director | 2014 | Now |
| Biography | Frances joined MacKay Shields in July 2009 and is currently a Senior Managing Director. Before joining the firm she was Director of Research for Mariner Municipal Managers and was previously at Merrill Lynch. Frances began her municipal analyst career in 1991 at Merrill Lynch Investment Managers where she was a Senior Fund Analyst covering various sectors of the municipal market, becoming a Director in the Municipal Research Group in 1997. Frances earned an MBA in Finance from Boston University and a BS in Economics from the University of Michigan. | ||
| Scott Sprauer | Managing Director | 2014 | Now |
| Biography | Scott is a Senior Managing Director. He is joined MacKay Shields in 2009. Before joining the firm he was Head Trader, Fixed Income, at Financial Guaranty Insurance Company. Scott was previously with Dreyfus Corporation and Merrill Lynch Investment Managers as a Municipal Bond Portfolio Manager/Trader. He has a BSBA from Villanova University. Scott has been in the investment management industry since 1991. | ||
| David M. Dowden | Managing Director | 2014 | Now |
| Biography | David Dowden is a Managing Director and Portfolio Manager at MacKay Shields. He joined MacKay Shields in 2009. Before joining the firm he was Chief Investment Officer at Financial Guaranty Insurance Company. David was previously with Alliance Capital Management as a Senior Portfolio Manager and at Merrill Lynch & Co. as a Municipal Strategist. David has an AB from Brown University and an MBA from Columbia University. He has been in the investment management industry since 1989. | ||
| Michael Petty | Senior Managing Director | 2011 | Now |
| Biography | Mike joined MacKay Shields in July 2009. Before joining the firm he was a Portfolio Manager for Mariner Municipal Managers. He has been a municipal bond portfolio manager since 1992, and has worked in the municipal products market since 1985. Mike has a broad array of trading, portfolio management, and sales experience. Prior to joining Mariner Municipal Managers, he was a Senior Portfolio Manager at Dreyfus Corporation from 1997 to 2009. From 1992 to 1997, he served as a Portfolio Manager for Merrill Lynch Investment Managers. He is a member of the firm’s Management Committee. Mike graduated from Hobart College with a B.S. in Mathematics and Economics. | ||
| John M. Loffredo | Managing Director | 2009 | Now |
| Biography | John joined MacKay Shields in July 2009 as Co-Head of MacKay Municipal Managers when the firm acquired the assets of Mariner Municipal Managers LLC. In addition, John was named Vice Chairman in September 2022 and oversees the firm’s investment teams. Before joining MacKay, he was the Chairman and co-founder of Mariner Municipal Managers from 2007 to 2009. He has been a municipal portfolio manager and/or municipal analyst since 1990, with a broad range of portfolio management and analytic experience in the municipal markets. John was a Managing Director and Co-Head of BlackRock’s Municipal Portfolio Management Group (from 2006 to 2007). Prior to BlackRock’s merger with Merrill Lynch Investment Managers (MLIM), he served as Chief Investment Officer of the Municipal Products Group. He was employed by Merrill Lynch from 1990 to 2006. Before Merrill Lynch, he worked for the City of Boston Treasury Department. John is a member of the firm’s Senior Leadership Team. He graduated with an MBA and Certificate of Public Management from Boston University and with a Bachelors degree in Finance, cum laude, from Utah State University where he was a Harry S. Truman Scholar. He is a CFA Charterholder. | ||
| Robert A. DiMella | Executive Managing Director | 2009 | Now |
| Biography | Robert joined MacKay Shields in July 2009 when the firm acquired the assets of Mariner Municipal Managers LLC. He was the President and co-founder of Mariner Municipal Managers from 2007 to 2009. He has been a municipal portfolio manager since 1992, with a broad range of trading and portfolio management experience in the municipal markets. Robert was a Managing Director and Co-Head of BlackRock’s Municipal Portfolio Management Group (from 2006 to 2007). Prior to BlackRock’s merger with Merrill Lynch Investment Managers, he served as a Senior Portfolio Manager and Managing Director of the Municipal Products Group. He was employed by Merrill Lynch from 1993 to 2006. Robert is a member of the firm’s Senior Leadership Team. He earned his Master’s degree at Rutgers University Business School and an undergraduate degree at the University of Connecticut. He is a CFA Charterholder. | ||
| Michael Faloon | Quantitative Analyst, Portfolio Manager | 2008 | 2009 |
| Biography | At Standish, Faloon is the Quantitative Analyst and Portfolio Manager for Tax Sensitive Strategies, responsible for housing/quantitative research and assessing relative value of option imbedded securities. He also performs scenario analysis and evaluates index composition versus portfolio positioning. He joined Standish in 1999 from Fidelity Investments. Faloon holds the Chartered Financial Analyst designation. | ||
| Christine L. Todd | President | 2008 | 2009 |
| Biography | Christine is President of Standish and Head of the Tax-Sensitive and Insurance Strategies. She manages tax-sensitive fixed income portfolios for larger institutional, insurance and high net worth clients. She joined the company in 1995 from Gannett, Welsh & Kotler, where she was vice president responsible for municipal bond research and trading. Christine has an M.B.A. from Boston University and a B.A. from Georgetown University. Christine is a Trustee for the Dedham Institution for Savings and a rotating member of its Board of Investment, as well as a member of Lahey Health System’s Investment Committee. She is a Trustee of The Fessenden School and part of the Finance Committee at Dedham Country Day School. Christine is also active in alumni affairs for Georgetown University and the Noble & Greenough School. Christine is a mentor at Year Up, which seeks to close the Opportunity Divide for urban youth. She is a member of the Boston Security Analysts Society and the National Federation of Municipal Analysts. Christine holds the CFA® designation and has 26 years of investment experience. | ||
| Laurie Walters | Portfolio Manager | 2000 | 2008 |
| Biography | Walters is a portfolio manager for MacKay Shields, which she joined in 1997. She worked previously as a mortgage trader at Bear Stearns & Co from September 1994 to February 1995 and with Nomura Securities International from 1987 to 1994. Prior to this, she was an investment banking analyst at Painewebber, Inc. | ||
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