MainStay Tax-Free Bond A
169 Lackawanna Ave. Parsippany, NJ 07054
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Phone: 800-624-6782
| Category: | Muni National Long | | Fund Family: | MainStay | | Net Assets: | 136.44M | | Year-to-Date Return: | -7.11% | | Yield: | 4.39% | | Morningstar Rating: |  | | Fund Inception Date: | 03-Jan-95 |
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Michael Faloon
Lead Manager since
29-Sep-08 | | | 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. |
| Min Initial Investment: | $25,000 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | $500 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $50 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks current income exempt from 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
(31-Oct-08):
| 0.03 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| 59.00% | | Average for Category:
| 47.77% |
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| Expense | MTBAX | Category
Avg | | Total Expense Ratio: | 0.89%
| 1.08% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | 4.50%
| 4.33% | | Max Deferred Sales Load: | 0.00%
| 2.66% | | 3 Yr Expense Projection*: |
$750 | $557 | | 5 Yr Expense Projection*: |
$980 | $803 | | 10 Yr Expense Projection*: |
$1,641 | $1,501 |
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