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MKTRX MainStay Income Builder B

  • Fund
  • MKTRX
  • Price as of: Mar 21, 2019
  • $19.23
  • + $0.09
  • + 0.47%
  • Category
  • Diversified Portfolio

MKTRX - Profile

Vitals

  • YTD Return 7.7%
  • 3 Yr Annualized Return 6.8%
  • 5 Yr Annualized Return 3.6%
  • Net Assets $1.46 B
  • Holdings in Top 10 29.6%

52 WEEK LOW AND HIGH

$19.23
$17.44
$19.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.89%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 44.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2017-02-28

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 7.7%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.85%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

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 7.7% -56.5% 22.4% 39.96% 3
1 Yr 2.3% -49.1% 45.9% 31.24% 2
3 Yr 6.8% * -28.1% 18.6% 49.25% 3
5 Yr 3.6% * -10.1% 12.3% 60.22% 4
10 Yr 9.3% * -7.7% 15.6% 46.61% 3

* Annualized


Return Ranking - Calendar

Period MKTRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -9.8% -34.6% 32.0% 45.20% 3
2017 6.6% -37.7% 390.9% 37.78% 3
2016 5.7% -65.8% 48.7% 18.49% 2
2015 -10.1% -32.5% 36.4% 74.73% 5
2014 -0.5% -59.3% 20.8% 52.12% 4

Total Return Ranking - Trailing

Period MKTRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.7% -100.0% 22.4% 40.02% 3
1 Yr -2.6% -51.6% 73.2% 73.94% 4
3 Yr 5.9% * -29.0% 28.2% 54.83% 3
5 Yr 3.3% * -10.5% 12.1% 61.63% 4
10 Yr 9.3% * -7.7% 15.6% 44.87% 3

* Annualized


Total Return Ranking - Calendar

Period MKTRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -9.8% -34.6% 32.0% 45.37% 3
2017 6.6% -36.7% 390.9% 38.28% 3
2016 7.7% -65.6% 50.4% 16.58% 1
2015 -4.9% -29.3% 56.6% 78.85% 5
2014 7.8% -21.5% 52.2% 29.49% 2

NAV & Total Return History

MKTRX - Holdings

Filings data as of: Jan 31, 2019

Concentration Analysis

MKTRX Category Low Category High MKTRX % Rank Quintile
Net Assets 1.46 B 81.4 K 137 B 7.45% 2
Number of Holdings 465 1 13260 6.54% 2
Net Assets in Top 10 521 M -654 M 24 B 8.55% 2
Weighting of Top 10 29.6% 0.0% 3143.7% 23.51% 4

Top 10 Holdings

  1. S+p500 Emini Fut Mar19 Xcme 20190315 8.26%
  2. Us 10yr Note (Cbt)mar19 Xcbt 20190320 4.64%
  3. Us 5yr Note (Cbt) Mar19 Xcbt 20190329 3.92%
  4. Yen Denom Nikkei Mar19 Xcme 20190307 2.99%
  5. United States Treasury Bonds 4.38% 1.20%
  6. Federal National Mortgage Association 4% 0.94%
  7. United States Treasury Notes 3.12% 0.80%
  8. Mainstay Fds Tr 4.07%
  9. US Ultra Bond (CBT) Mar19 2.14%
  10. US 10 Year Ultra Future Mar19 0.68%

Asset Allocation

Weighting Category Low Category High MKTRX % Rank Quintile
Bonds
48.85% -332.46% 252.78% 9.46% 2
Stocks
45.64% -50.88% 107.25% 20.42% 3
Other
4.07% -703.13% 98.84% 6.18% 1
Cash
0.95% -229.53% 769.46% 26.58% 5
Preferred Stocks
0.37% -0.04% 59.73% 7.59% 2
Convertible Bonds
0.12% -0.09% 39.88% 8.92% 3

Stock Sector Breakdown

Weighting Category Low Category High MKTRX % Rank Quintile
Financial Services
5.71% -8.51% 69.58% 19.43% 4
Utilities
5.63% -0.60% 47.20% 1.29% 1
Consumer Defense
4.33% -3.24% 27.69% 9.30% 2
Communication Services
3.81% -1.63% 27.16% 1.93% 1
Healthcare
3.24% -2.72% 31.05% 20.99% 4
Energy
3.16% -4.89% 32.18% 12.48% 3
Industrials
2.67% -2.74% 48.84% 20.81% 4
Technology
2.39% -9.43% 70.04% 24.82% 5
Consumer Cyclical
1.29% -10.47% 54.37% 23.30% 5
Real Estate
1.19% -7.59% 70.51% 15.24% 4
Basic Materials
0.96% -2.54% 21.85% 15.10% 4

Stock Geographic Breakdown

Weighting Category Low Category High MKTRX % Rank Quintile
Non US
23.00% -76.74% 150.26% 5.72% 1
US
22.64% -97.12% 109.67% 25.71% 4

Bond Sector Breakdown

Weighting Category Low Category High MKTRX % Rank Quintile
Corporate
28.14% 0.00% 100.00% 6.68% 1
Government
13.44% -178.78% 252.78% 12.21% 2
Securitized
7.76% -0.01% 43.20% 13.59% 3
Cash & Equivalents
0.95% -229.63% 770.85% 26.72% 5
Derivative
0.00% -199.13% 51.34% 3.61% 3
Municipal
0.00% 0.00% 99.93% 8.14% 4

Bond Geographic Breakdown

Weighting Category Low Category High MKTRX % Rank Quintile
US
41.95% -310.91% 117.68% 8.69% 2
Non US
6.90% -68.95% 152.24% 10.29% 2

MKTRX - Expenses

Operational Fees

MKTRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.89% 0.00% 165.34% 11.13% 4
Management Fee 0.61% 0.00% 2.55% 3.16% 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 44.00% 0.00% 6067.00% 10.44% 3

MKTRX - Distributions

Dividend Yield Analysis

MKTRX Category Low Category High MKTRX % Rank Quintile
Dividend Yield 0.3% 0.00% 11.69% 29.76% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MKTRX Category Low Category High MKTRX % Rank Quintile
Net Income Ratio 1.85% -4.09% 7.77% 10.35% 2

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

9.67

Tenure Rank

2.7%

Mike is Co-Chief Investment Officer of Epoch Investment Partners. He is also Chief Risk Officer. Mike is responsible for integrating risk management into the investment process. Prior to joining Epoch in 2005, he was a director and portfolio manager in the Quantitative Strategies Group at Columbia Management Group, Inc. Before that, Mike was at Credit Suisse Asset Management Group (“CSAM”), where he was a portfolio manager in the Structured Equity group. Before joining CSAM, he was a portfolio manager and quantitative research analyst at Chancellor/LGT Asset Management.


Kera Van Valen

Manager

Start Date

Feb 28, 2014

Tenure

5.0

Tenure Rank

5.1%

Kera is a portfolio manager for Epoch's Equity Shareholder Yield strategies. Prior to joining the Shareholder Yield 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.


John M. Tobin

Manager

Start Date

Feb 28, 2014

Tenure

5.0

Tenure Rank

5.1%

John is a portfolio manager for Epoch'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.


William W. Priest

Manager

Start Date

Jun 30, 2009

Tenure

9.67

Tenure Rank

2.7%

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 Epoch's Investment Policy Group, a forum for analyzing broader secular and cyclical trends that Epoch believes will influence investment opportunities. Prior to co-founding Epoch in 2004 with David Pearl, Tim Taussig and Phil Clark, Bill was a Co-Managing Partner and portfolio manager at Steinberg Priest & Sloane Capital Management, LLC for three years.


Dan C. Roberts

Manager

Start Date

Jun 30, 2009

Tenure

9.67

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.


Jae S. Yoon

Manager

Start Date

Feb 28, 2018

Tenure

1.0

Tenure Rank

8.2%

Jae Yoon, CFA. From 2005-2009, Mr. Yoon was employed by New York Life Investments where he led the Investment Consulting Group. In 2009, Mr. Yoon joined MacKay Shields LLC as a Senior Managing Director responsible for Risk Management. In his role at MacKay Shields, Mr. Yoon worked side-by-side with the portfolio managers directly enhancing the risk management processes across all portfolios. In January 2011, Mr. Yoon re-joined New York Life Investments and leads the Investment Consulting Group. Mr. Yoon obtained a B.S. and a Masters degree from Cornell University and attended New York University’s Stern School of Business MBA program. He earned his Chartered Financial Analyst designation in 1998 and has been in the investment industry since 1991.


Jonathan B. Swaney

Manager

Start Date

Feb 28, 2018

Tenure

1.0

Tenure Rank

8.2%

Mr. Swaney was an employee of New York Life Investments from 1997-2009 and was responsible both for managing quantitative equity portfolios and performing research at New York Life Investments’ Equity Investors Group. Also within New York Life Investments, Mr. Swaney previously worked with the Investment Consulting Group and was a portfolio manager with the Quantitative Strategies unit. In 2009, Mr. Swaney joined Madison Square Investors LLC, an indirect, wholly-owned subsidiary of New York Life. While at Madison Square Investors LLC, Mr. Swaney was responsible both for managing quantitative equity portfolios and performing research. In January 2011, Mr. Swaney re-joined New York Life Investments as part of the Investment Consulting Group. Mr. Swaney earned his B.A. in Political Science from The College of William & Mary.


Neil Moriarty

Manager

Start Date

Oct 18, 2018

Tenure

0.36

Tenure Rank

8.7%

Neil Moriarty Ill is a Senior Managing Director and Senior Portfolio Manager for the Global Fixed Income Team, joining MacKay Shields on January 2, 2018. Neil's focus is on multi-sector and core strategies. Prior to joining MacKay Shields, Neil was with Aberdeen via the 2005 acquisition of Deutsche Asset Management's London and Philadelphia fixed income businesses. While at Aberdeen, his responsibilities included Head of US Core, Structured Products and Co-Head of US Core Short Duration. Neil joined Deutsche in 2002 from Swathmore/Cypress Capital Management where he worked in fixed income portfolio management. Previously, Neil worked for Chase Securities in fixed income trading and research. Prior to that, Neil worked for Paine Webber in fixed income trading and research. Neil graduated with a BA from University of Massachusetts, Amherst. He has been working in the investment industry since 1987.


Stephen R. Cianci

Manager

Start Date

Oct 18, 2018

Tenure

0.36

Tenure Rank

8.7%

Stephen Cianci, Senior Managing Director, is a Senior Portfolio Manager for the Global Fixed Income Team. Steve's focus will be on multi-sector and core strategies. He is an adjunct professor of finance and a member of the Business Advisory Council at Widener University. Steve graduated with a MBA and BA from Widener University and is a CFA charterholder. He has been working in the investment industry since 1992.


Tenure Analysis

Category Low

0.0

Category High

38.2

Category Average

5.91

Category Mode

4.2