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MKTRX MainStay Income Builder B

  • Fund
  • MKTRX
  • Price as of: Dec 09, 2016
  • $18.55
  • + $0.07
  • + 0.38%
  • Category
  • Diversified Portfolio

MKTRX - Profile

Vitals

  • YTD Return 5.6%
  • 3 Yr Annualized Return 2.9%
  • 5 Yr Annualized Return 7.7%
  • Net Assets $1.56 B
  • Holdings in Top 10 28.7%

52 WEEK LOW AND HIGH

$18.55
$16.45
$18.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.93%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 30.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.60%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name MainStay Income Builder Fund
  • Fund Family Name MainStay
  • Inception Date Dec 29, 1987
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Michael A. Welhoelter

MKTRX - Performance

Return Ranking - Trailing

Period MKTRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.6% -66.0% 23.3% 38.66% 3
1 Yr 3.1% -37.1% 45.9% 55.36% 3
3 Yr 2.9% * -13.0% 11.8% 53.59% 3
5 Yr 7.7% * -11.0% 13.7% 34.92% 2
10 Yr 4.5% * -5.5% 8.1% 45.68% 3

* Annualized


Return Ranking - Calendar

Period MKTRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.1% -37.7% 48.7% 70.82% 5
2014 -0.5% -59.3% 14.8% 45.89% 3
2013 11.0% -17.5% 36.4% 34.76% 2
2012 10.2% -16.2% 18.4% 25.52% 2
2011 -0.6% -30.5% 7.4% 22.59% 2

Total Return Ranking - Trailing

Period MKTRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.6% -65.8% 32.0% 29.94% 2
1 Yr -1.8% -40.3% 73.2% 77.47% 4
3 Yr 2.1% * -14.0% 28.2% 60.76% 4
5 Yr 7.4% * -11.4% 13.7% 35.79% 2
10 Yr 4.5% * -5.5% 8.1% 42.11% 3

* Annualized


Total Return Ranking - Calendar

Period MKTRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.9% -29.3% 50.4% 70.64% 4
2014 7.8% -54.8% 25.4% 22.34% 2
2013 21.7% -16.7% 57.2% 27.51% 2
2012 18.1% -16.2% 74.5% 17.08% 1
2011 3.5% -25.3% 15.8% 18.23% 1

NAV & Total Return History

MKTRX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

MKTRX Category Low Category High MKTRX % Rank Quintile
Net Assets 1.56 B 81.4 K 100 B 5.80% 2
Number of Holdings 512 1 12494 5.40% 2
Net Assets in Top 10 379 M -654 M 20.2 B 8.33% 2
Weighting of Top 10 28.7% 0.2% 816.2% 21.78% 4

Top 10 Holdings

  1. S+p500 Emini Fut Dec16 Xcme 20161216 8.26%
  2. Us 10yr Note (Cbt)dec16 Xcbt 20161220 4.55%
  3. Us Long Bond(Cbt) Dec16 Xcbt 20161220 4.30%
  4. Euro Stoxx 50 Dec16 Xeur 20161216 3.42%
  5. National Grid PLC 0.71%
  6. Welltower Inc 0.75%
  7. Us 2yr Note (Cbt) Dec16 Xcbt 20161230 2.70%
  8. Yen Denom Nikkei Dec16 Xcme 20161208 2.51%
  9. US Treasury Note 2% 0.83%
  10. AT&T Inc 0.69%

Asset Allocation

Weighting Category Low Category High MKTRX % Rank Quintile
Stocks
50.43% -49.32% 151.04% 16.45% 3
Bonds
42.19% -41.48% 861.65% 11.15% 2
Cash
5.75% -794.77% 139.25% 15.97% 3
Other
1.19% -15.48% 99.72% 13.55% 3
Preferred Stocks
0.42% -0.92% 35.22% 7.00% 2
Convertible Bonds
0.03% 0.00% 33.12% 7.05% 3

Stock Sector Breakdown

Weighting Category Low Category High MKTRX % Rank Quintile
Utilities
5.61% -7.18% 47.20% 1.21% 1
Communication Services
5.47% -2.53% 27.16% 0.65% 1
Consumer Defense
5.35% -4.74% 27.69% 7.43% 2
Industrials
4.06% -4.02% 48.84% 16.39% 4
Financial Services
3.90% -5.07% 69.58% 20.33% 4
Healthcare
3.51% -1.46% 29.90% 18.48% 4
Energy
2.80% -2.68% 33.46% 13.28% 3
Technology
2.26% -8.03% 70.04% 22.61% 5
Real Estate
1.42% -8.01% 48.98% 14.35% 3
Consumer Cyclical
1.19% -6.02% 54.37% 22.61% 5
Basic Materials
1.06% -1.82% 21.85% 14.02% 4

Stock Geographic Breakdown

Weighting Category Low Category High MKTRX % Rank Quintile
Non US
25.24% -2.98% 150.26% 3.11% 1
US
25.19% -97.12% 148.25% 22.15% 4

Bond Sector Breakdown

Weighting Category Low Category High MKTRX % Rank Quintile
Corporate
37.85% 0.00% 90.42% 3.02% 1
Cash & Equivalents
5.75% -794.84% 138.37% 15.84% 3
Government
4.19% -91.64% 806.44% 20.32% 4
Securitized
0.59% -0.01% 40.54% 21.78% 4
Municipal
0.00% 0.00% 91.28% 7.46% 5
Derivative
0.00% -84.53% 32.28% 3.16% 2

Bond Geographic Breakdown

Weighting Category Low Category High MKTRX % Rank Quintile
US
36.91% -154.38% 699.68% 10.11% 2
Non US
5.28% -57.44% 198.64% 13.46% 3

MKTRX - Expenses

Operational Fees

MKTRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.93% 0.00% 165.34% 10.21% 5
Management Fee 0.62% 0.00% 2.55% 3.07% 4
12b-1 Fee 1.00% 0.00% 1.00% 0.06% 5
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

MKTRX Fees (% of AUM) Category Low Category High MKTRX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load 5.00% 0.75% 5.50% 0.42% 5

Trading Fees

MKTRX Fees (% of AUM) Category Low Category High MKTRX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MKTRX Fees (% of AUM) Category Low Category High MKTRX Rank Quintile
Turnover 30.00% 0.00% 5609.00% 11.54% 2

MKTRX - Distributions

Dividend Yield Analysis

MKTRX Category Low Category High MKTRX % Rank Quintile
Dividend Yield 0.4% 0.00% 11.33% 10.36% 1

Dividend Distribution Analysis

MKTRX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MKTRX Category Low Category High MKTRX % Rank Quintile
Net Income Ratio 2.60% -2.96% 9.94% 7.92% 1

Capital Gain Distribution Analysis

MKTRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

MKTRX - Managers

Michael A. Welhoelter

Manager

Start Date

Jun 30, 2009

Tenure

7.42

Tenure Rank

2.7%

Michael Welhoelter is Epoch's Chief Risk Officer and heads Epoch's Quantitative Research and Risk Management team. He is also a portfolio manager on all of Epoch's strategies. He is responsible for integrating risk management into the investment process. Mike holds a BA degree in Computer and Information Science from Colgate University. He is a member of the New York Society of Security Analysts, the Society of Quantitative Analysts and holds the Chartered Financial Analyst designation.


Eric L. Sappenfield

Manager

Start Date

Jun 30, 2009

Tenure

7.42

Tenure Rank

2.7%

Eric is a portfolio manager for Epoch’s Global and U.S. Equity Shareholder Yield strategies. Prior to joining Epoch in 2006, he was a research analyst at Spear Leeds & Kellogg where he was responsible for credit/risk assessment. Previously, he was a senior analyst at Steinberg Priest & Sloane Capital Management, LLC focusing on high yield bonds and equities of leveraged companies. Eric’s additional experience includes senior analytical roles at The Carlyle Group, Travelers, and Bankers Trust. Eric holds a BA degree from Stanford University and an MBA from UCLA Anderson School of Management.


Kera Van Valen

Manager

Start Date

Feb 28, 2014

Tenure

2.76

Tenure Rank

5.2%

Epoch's Global, Non-U.S. and U.S. Equity Shareholder Yield strategies. Prior to joining the Global Equity team Kera was an analyst within Epoch’s Quantitative Research and Risk Management team. Before joining Epoch in 2005, she was a portfolio manager of Structured Equities and Quantitative Research at Columbia Management Group where she was responsible for the day-to-day management of two index funds. She also worked at Credit Suisse Asset Management. Kera received her BA in Mathematics at Colgate University and her MBA at Columbia University, Graduate School of Business.


John M. Tobin

Manager

Start Date

Feb 28, 2014

Tenure

2.76

Tenure Rank

5.2%

John is a portfolio manager for our Global & U.S. Equity Shareholder Yield strategies. Prior to joining Epoch in 2012, John taught undergraduate economics as a lecturer at Fordham University. Before that he spent four years at HSBC Global Asset Management as a senior research analyst and almost twenty years at Credit Suisse Asset Management where he was a senior research analyst for the U.S. High Yield Bond team. Previously he worked at Bankers Trust Company where he began his career. John received AB, AM and PhD degrees in Economics from Fordham University.


Louis N. Cohen

Manager

Start Date

Feb 26, 2010

Tenure

6.76

Tenure Rank

3.0%

Louis N. Cohen, CFA, is a Senior Managing Director and Senior Portfolio Manager for the Global Fixed Income Team. Lou joined MacKay Shields in 2004 and is a voting member of the Global Fixed Income Investment Policy Committee. His duties include being the lead portfolio manager for portfolios utilizing asset allocation strategies such as Core/Core Plus. In addition to managing Core Plus portfolios, Lou also manages leveraged loans and oversees all dedicated corporate portfolios. Lou has been with Dan Robert’s team since 1991 when he joined UBS Asset Management as a Core/Core Plus portfolio manager, where he also served as Director of Research and co-chaired the Credit Committee. Lou’s extensive credit experience began at Bankers Trust in 1978 in that firm’s Commercial Banking Department. In 1981, he moved to Kidder Peabody as a fixed income Credit Analyst. Prior to joining Dan at UBS Asset Management, he also served as a fixed income credit manager at several notable Wall Street firms, including Shearson, Drexel Burnham Lambert and Paine Webber. Lou is a member of the firm’s Management Committee. Lou received his BA and MBA from New York University and is a CFA charterholder. He is past President of the Capital Markets Credit Analyst Society and a member of the New York Society of Security Analysts. He has been working in the investment industry since 1978.


Michael Kimble

Manager

Start Date

Jun 30, 2009

Tenure

7.42

Tenure Rank

2.7%

Michael J. Kimble, CFA, is a Senior Managing Director and Senior Portfolio Manager for the Global Fixed Income Team. Michael joined MacKay Shields in 2004 and is a voting member of the Global Fixed Income Investment Policy Committee. His duties include being the lead portfolio manager for global high yield and high yield opportunities portfolios, and directly overseeing all emerging market portfolios. Michael first became a part of the team in 1989 when Dan Roberts brought him to UBS Asset Management to manage high yield bond portfolios. As credit markets have developed over time Michael has effectively adapted the group’s philosophy and approach to newer markets such as European high yield and emerging markets. Michael began his investment career as a fixed income credit analyst at Citicorp and E.F. Hutton. In 1988, he moved to Home Insurance Company as a High Yield Bond Analyst and Portfolio Manager. Shortly thereafter, he was recruited by Dan Roberts to join the fixed income team at UBS Asset Management in the same capacity. Michael is a member of the firm’s Management Committee. Michael received a BA from Columbia University, an MBA from New York University, a JD from Fordham School of Law and an ADP from the London Business School. He is also a CFA charterholder. Michael is a member of the Capital Markets Credit Analyst Society, the New York Society of Security Analysts and the New York and Louisiana State Bar Associations. He has been working in the investment industry since 1984.


William W. Priest

Manager

Start Date

Jun 30, 2009

Tenure

7.42

Tenure Rank

2.7%

William W. Priest, CFA – Chief Executive Officer, Co – Chief Investment Officer & Portfolio Manager Bill is Chief Executive Officer and Co-Chief Investment Officer of Epoch Investment Partners. He is a portfolio manager for Epoch’s global equity investment strategies and leads the Investment Policy Group, a forum for analyzing broader secular and cyclical trends that Epoch believes will influence investment opportunities.


Dan C. Roberts

Manager

Start Date

Jun 30, 2009

Tenure

7.42

Tenure Rank

2.7%

Dan C. Roberts is an Executive Managing Director, Head of the Global Fixed Income Group and its Chief Investment Officer. His responsibilities include spearheading macro-economic research, managing portfolios that utilize asset allocation and chairing GFI’s Investment Policy Committee (IPC). Directing the IPC is Dan’s most important investment responsibility as this Committee is the foundation of the GFI team-based approach to managing portfolios. It sets all portfolio strategy within the context of the team’s macro view and monitors compliance with its decisions. No significant positions are taken in any portfolio without the approval of the IPC. The IPC’s voting members are GFI’s four most senior investment professionals, who have worked together for nearly two decades. Dan joined MacKay Shields in 2004 when the firm acquired the fixed income business of Pareto Partners, where he had served as Chief Investment Officer. Dan first began assembling his team in 1989, when he was appointed head of fixed income at UBS Asset Management. In 1997 the team joined Forstmann-Leff International and was subsequently purchased by Pareto Partners in 2000. Prior to UBS, Dan worked at Chase Manhattan Bank, initially as a Financial Economist before being named head of Global Interest Rate and Currency Swaps Trading. Before joining the private sector, Dan served at The White House with the President’s Council of Economic Advisors from 1981 to 1983, was the Chief of Staff of the U.S. Congress’ Joint Economic Committee from 1984 to 1985 and was an economist at the U.S. Securities and Exchange Commission from 1977 to 1978. Dan holds a BBA and a PhD from University of Iowa. He has been working in the investment industry since 1977.


Tenure Analysis

Category Low

0.0

Category High

35.9

Category Average

5.47

Category Mode

1.9