MTFEX

Active

NYLI MacKay Strategic Muni Allocation Fund

Category: US Bond (5,386 funds)

Expense Ratio

0.89%

Annual Cost per $10K

$89.00

30-Year Fee Drag per $10K

$16,872

at 7% annual return

Fund Type

Mutual Fund

Active

Trailing 12-Month

+4.33%

Asset Allocation

US Bond

95%

Cash

Fee Comparison

MTFEX

0.89%

US Bond average

0.76%

US Bond cheapest

ABIMX

0.00%

Index benchmark

0.03%

17% more expensive than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of October 2025 · Updated quarterly

+17.19%3Y

Compare to

Fee Impact Calculator

Investment

Years

Annual Return

MTFEX at 0.89%$296,251

At index rates (0.03%)$377,424

Zero fees (theoretical)$380,613

Total fee drag$84,362

Cost vs index fund−$81,174

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of October 2025

Ticker	Name	ER	1yr	3yr	5yr
MTFEX	NYLI MacKay Strategic Muni Allocation Fund	0.89%	+4.33%	+5.43%	+0.93%
AMUSX	U.S. Government Securities Fund	0.65%	+3.55%	+1.78%	-0.67%
DDTRX	DoubleLine Total Return Bond Fund	0.43%	+3.74%	+5.02%	+0.43%
AFFMX	American Funds Mortgage Fund	0.68%	+4.14%	+2.79%	+0.23%
PYMAX	PIMCO High Yield Municipal Bond Fund	0.86%	+0.38%	+5.88%	+1.89%
STRDX	Sterling Capital Total Return Bond Fund	0.35%	+3.21%	+5.24%	+0.04%
FLIBX	American Funds Inflation Linked Bond Fund	0.36%	+5.34%	+1.51%	+0.86%
FCAVX	Franklin California Tax-Free Income Fund	0.60%	-1.83%	+2.42%	+0.09%
MMHEX	NYLI MacKay High Yield Muni Bond Fund	0.55%	+3.03%	+8.03%	+2.43%
VFIIX	VANGUARD GNMA FUND	0.21%	+6.79%	+5.46%	+0.17%
PMLAX	PIMCO Municipal Bond Fund	0.75%	+1.31%	+5.50%	+1.26%
CMPIX	Core Fixed Income Fund	0.57%	+5.74%	+5.37%	-0.36%
VWLUX	VANGUARD LONG-TERM TAX-EXEMPT FUND	0.09%	+3.97%	+6.33%	+1.37%
VWAHX	VANGUARD HIGH-YIELD TAX-EXEMPT FUND	0.17%	+3.86%	+7.01%	+1.86%
TAHHX	American High-Income Municipal Bond Fund	0.61%	+4.33%	+8.10%	+3.05%
MTBDX	NYLI MacKay Tax Free Bond Fund	0.43%	+4.11%	+5.85%	+1.29%
FIQZX	Fidelity Intermediate Municipal Income Fund	0.31%	+2.59%	+4.60%	+1.38%
NVHAX	Nuveen Short Duration High Yield Municipal Bond Fund	1.06%	+1.91%	+4.69%	+3.20%
QCILFX	College Retirement Equities Fund - Inflation-Linked Bond Account	—	+4.85%	+5.53%	—
MFIAX	MFS Municipal Income Fund	0.44%	+0.57%	+5.17%	+1.14%
FGOVX	Fidelity Government Income Fund	0.79%	+2.32%	+2.02%	-1.38%
CLMAX	Columbia Mortgage Opportunities Fund	0.73%	+7.27%	+3.63%	+2.31%
FFTQX	Franklin Federal Tax-Free Income Fund	0.49%	+3.42%	+6.44%	+1.36%
GAJPX	Goldman Sachs Dynamic Municipal Income Fund	0.38%	+1.38%	+5.35%	+1.83%
IORHX	Invesco Rochester Municipal Opportunities Fund	1.17%	-2.67%	+2.61%	+1.19%
LMBS	First Trust Low Duration Opportunities ETF	0.65%	+7.06%	+6.29%	+2.68%
FTSL	First Trust Senior Loan Fund	0.86%	+6.67%	+8.45%	+6.03%
FEHTX	First Eagle High Yield Municipal Fund	0.91%	—	—	—
WMBRX	Allspring Municipal Bond Fund	0.74%	+1.03%	+4.50%	+2.66%
ACTFX	Invesco High Yield Municipal Fund	1.13%	-2.99%	+0.94%	-0.03%
SMAMX	ALPS \| Smith Total Return Bond Fund	0.89%	-19.26%	-19.45%	-23.51%
SCOAX	SIIT CORE FIXED INCOME FUND	0.37%	+3.26%	+3.37%	-0.51%
JAGBX	Select Bond Trust	0.60%	+2.97%	+5.29%	-0.17%
TRBFX	T. Rowe Price Limited-Duration Inflation Focused Bond Fund, Inc.	0.50%	+6.32%	+3.40%	+2.91%
JGBZX	JPMorgan Government Bond Fund	1.05%	+2.35%	+1.86%	-1.48%
MBFAX	Allspring Core Bond Fund	0.65%	+6.07%	+5.62%	+2.12%
FIXD	First Trust Smith Opportunistic Fixed Income ETF	0.65%	+2.83%	+2.67%	-1.00%
GANPX	Goldman Sachs Short Duration Tax-Free Fund	0.67%	+3.18%	+4.03%	+1.53%
LISAX	Lord Abbett Intermediate Tax Free Fund	0.96%	+2.03%	+4.94%	+1.08%
FHYRX	Franklin High Yield Tax-Free Income Fund	0.50%	-0.33%	+3.00%	+1.11%
MMHKX	MFS Municipal High Income Fund	0.52%	+3.28%	+7.29%	+2.10%
OWMBX	Old Westbury Municipal Bond Fund	0.57%	+4.04%	+3.90%	+0.60%
PIPJX	Inflation Protection Fund	0.85%	+5.23%	+3.92%	+0.91%
PAIFX	T. Rowe Price Summit Municipal Intermediate Fund	0.65%	+4.43%	+4.86%	+1.05%
CRAIX	CCM Community Impact Bond Fund	0.42%	+3.05%	+2.57%	-0.40%
IORUX	Invesco Rochester New York Municipals Fund	0.96%	-5.53%	+1.73%	+0.30%
DBSCX	DoubleLine Selective Credit Fund$1M min	—	+6.63%	+7.17%	+4.01%
AIDZX	Diversified Municipal Portfolio	0.41%	+2.46%	+4.50%	+1.59%
FHIGX	Fidelity Municipal Income Fund	0.43%	+1.18%	+5.13%	+1.12%
FCCIX	Franklin California Intermediate-Term Tax-Free Income Fund	0.74%	+1.01%	+3.61%	+0.16%
FKTJX	Franklin New York Tax-Free Income Fund	0.78%	-2.23%	+2.25%	-0.26%
EANAX	Eaton Vance National Municipal Income Fund	0.71%	-0.35%	+4.84%	+0.73%
BMNSX	Baird Core Intermediate Municipal Bond Fund	0.55%	+2.40%	+4.70%	+1.36%
NVDL	GraniteShares 2x Long NVDA Daily ETF	1.15%	+60.88%	+32.23%	—
RLVSX	Tax-Exempt Bond Fund	0.51%	+4.01%	+5.31%	+1.61%
MIIAX	PRAXIS IMPACT BOND FUND	0.84%	-35.34%	-33.88%	-37.25%
UIITX	Victory Core Plus Intermediate Bond Fund	0.41%	+6.60%	+6.79%	+1.37%
FDMMX	Fidelity Massachusetts Municipal Income Fund	0.45%	+3.75%	+4.94%	+0.86%
LONSX	Lord Abbett National Tax-Free Income Fund	0.54%	+0.17%	+5.47%	+0.88%
DDCPX	Doubleline Shiller Enhanced CAPE	0.49%	+10.54%	+18.25%	+11.67%
PPNAX	Putnam Strategic Intermediate Municipal Fund	0.90%	+4.51%	+5.62%	+1.93%
PRULX	T. Rowe Price U.S. Treasury Long-Term Index Fund	0.29%	-4.85%	-3.84%	-8.69%
BSNSX	Baird Strategic Municipal Bond Fund	0.55%	+2.88%	+5.56%	+2.12%
ACITX	Inflation-Adjusted Bond Fund	0.54%	+3.63%	+4.52%	+1.24%
CXHYX	Macquarie National High-Yield Municipal Bond Fund	0.85%	-4.53%	+1.78%	+1.14%
VKMMX	Invesco Municipal Income Fund	0.88%	-2.85%	+1.84%	-0.03%
ATBYX	Intermediate-Term Tax-Free Bond Fund	0.71%	+1.06%	+2.81%	+0.97%
FSAJX	Fidelity SAI Tax-Free Bond Fund	0.25%	+3.99%	+6.15%	+1.56%
AUGAX	Columbia Quality Income Fund	0.57%	+3.84%	+2.03%	-0.90%
HYMOX	Lord Abbett High Income Municipal Bond Fund	0.58%	+0.04%	+6.19%	+1.56%
FGORX	Franklin U.S. Government Securities Fund	0.51%	+2.77%	+4.31%	-0.21%
FCITX	Franklin Federal Intermediate-Term Tax-Free Income Fund	1.12%	+1.03%	+2.64%	+0.06%
WSHNX	Short Duration Income Fund	0.62%	+4.74%	+5.72%	+2.95%
MTFHX	NYLI MacKay Strategic Muni Allocation Fund	0.50%	+4.68%	+5.80%	+2.16%
ABHTX	Government Bond Fund	0.97%	+2.27%	+3.54%	-0.91%
UCON	First Trust Smith Unconstrained Bond ETF	0.86%	+5.27%	+5.57%	+2.96%
GWMTX	AMG GW&K Municipal Bond Fund	0.71%	+1.54%	+4.40%	+0.36%
RHYTX	Tax-Exempt High Yield Bond Fund	0.55%	+2.60%	+6.95%	+2.12%
SHMMX	Western Asset Managed Municipals Fund	0.89%	-1.52%	+2.26%	+0.57%
FIWAX	Fidelity Limited Term Municipal Income Fund	0.25%	+3.47%	+4.16%	+1.39%
ABTYX	AB High Income Municipal Portfolio	0.95%	-1.93%	+2.34%	+0.92%
MTLBX	MFS Municipal Limited Maturity Fund	0.36%	+3.88%	+3.99%	+0.89%
MSODX	NYLI MacKay California Muni Fund	0.48%	+2.60%	+6.09%	+1.16%
FTABX	Fidelity Tax-Free Bond Fund	0.25%	+4.37%	+6.24%	+1.53%
COLCX	Columbia Total Return Municipal Income Fund	0.75%	+2.21%	+5.59%	+0.45%
TFI	SPDR Nuveen ICE Municipal Bond ETF	0.23%	+0.42%	+4.03%	-0.27%
WCPNX	Core Plus Income Fund	0.45%	+3.51%	+5.90%	+1.90%
PMNTX	PIMCO National Intermediate Municipal Bond Fund	0.80%	+2.16%	+5.07%	+1.49%
PTYIX	T. Rowe Price Tax-Free High Yield Fund	0.55%	-1.13%	+2.81%	+1.49%
FSEC	Fidelity Investment Grade Securitized ETF	0.36%	+3.64%	+3.18%	—
SHM	SPDR Nuveen ICE Short Term Municipal Bond ETF	0.20%	+2.58%	+3.27%	+0.69%
FGMNX	Fidelity GNMA Fund	0.45%	+6.87%	+5.55%	+0.16%
TSLY	YieldMax TSLA Option Income Strategy ETF	1.01%	+62.54%	+18.05%	—
PAIMX	T. Rowe Price Summit Municipal Income Fund	0.70%	+3.06%	+5.71%	+1.17%
DHRAX	DIAMOND HILL CORE BOND FUND	0.76%	+3.41%	+5.32%	-9.96%
MNODX	NYLI MacKay New York Muni Fund	0.49%	+3.44%	+6.58%	+1.41%
FSMNX	Fidelity SAI Municipal Income Fund	0.36%	+1.30%	+5.31%	+1.20%
PATAX	T. Rowe Price Tax-Free Income Fund, Inc.	0.75%	-1.43%	+2.20%	+0.24%
LTMFX	Thornburg Limited Term Municipal Fund	0.77%	+2.98%	+3.92%	+0.89%
TIKRX	Nuveen Inflation Linked Bond Fund	0.51%	+4.39%	+4.91%	+2.34%
TGLMX	TCW Securitized Bond Fund	0.59%	+7.80%	+6.36%	-0.74%

Analyze Your Full Portfolio

See your blended expense ratio, aggregate asset allocation, and total fee drag across all your holdings.

Get Started Free