MKTRX: MainStay Income Builder B

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MKTRX MainStay Income Builder B


Profile

MKTRX - Profile

Vitals

  • YTD Return -7.4%
  • 3 Yr Annualized Return -2.5%
  • 5 Yr Annualized Return -1.6%
  • Net Assets $1.41 B
  • Holdings in Top 10 32.3%

52 WEEK LOW AND HIGH

$18.28
$15.18
$20.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.91%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 62.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Feb 28, 2017
  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return -7.4%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.96%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    William Priest

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Categories

Performance

MKTRX - Performance

Return Ranking - Trailing

Period MKTRX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.4% -30.6% 792.0% 67.49%
1 Yr -3.1% -29.7% 869.6% 57.97%
3 Yr -2.5%* -24.3% 10.3% 54.18%
5 Yr -1.6%* -16.1% 6.0% 51.87%
10 Yr 2.6%* -6.6% 9.7% 32.49%

* Annualized

Return Ranking - Calendar

Period MKTRX Return Category Return Low Category Return High Rank in Category (%)
2019 10.5% -28.6% 27.8% 58.02%
2018 -9.8% -93.5% 10.9% 33.86%
2017 6.6% -9.1% 19.3% 57.14%
2016 5.7% -43.7% 16.1% 10.47%
2015 -10.1% -19.4% 6.0% 83.83%

Total Return Ranking - Trailing

Period MKTRX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.4% -30.6% 792.0% 67.49%
1 Yr -3.1% -29.7% 869.6% 57.97%
3 Yr -0.1%* -16.2% 118.1% 52.44%
5 Yr 1.5%* -13.6% 59.6% 42.84%
10 Yr 6.5%* -6.6% 9.7% 17.82%

* Annualized

Total Return Ranking - Calendar

Period MKTRX Return Category Return Low Category Return High Rank in Category (%)
2019 10.9% -13.8% 27.8% 56.49%
2018 -6.4% -32.7% 10.9% 33.41%
2017 11.1% -4.4% 22.1% 51.98%
2016 8.2% -43.7% 20.7% 11.85%
2015 -4.6% -17.2% 8.0% 64.96%

NAV & Total Return History


Holdings

MKTRX - Holdings

Concentration Analysis

MKTRX Category Low Category High MKTRX % Rank
Net Assets 1.41 B 4.33 M 101 B 32.76%
Number of Holdings 465 4 5122 27.90%
Net Assets in Top 10 406 M -720 M 19.5 B 41.00%
Weighting of Top 10 32.26% 5.7% 362.0% 75.42%

Top 10 Holdings

  1. E-mini S&P 500 Futures June20 9.06%
  2. 2 Year Treasury Note Future June 20 6.21%
  3. Us Ultra Bond Cbt Jun20 Xcbt 20200619 3.98%
  4. Mainstay Fds Tr 3.21%
  5. Yen Denom Nikkei Jun20 Xcme 20200611 3.12%
  6. 5 Year Treasury Note Future June 20 1.94%
  7. Ultra 10 Year US Treasury Note Future June 20 1.49%
  8. 10 Year Treasury Note Future June 20 1.48%
  9. United States Treasury Bonds 4.38% 0.90%
  10. United States Treasury Notes 1.38% 0.88%

Asset Allocation

Weighting Return Low Return High MKTRX % Rank
Bonds
50.67% -285.12% 120.33% 21.94%
Stocks
43.62% -3.01% 79.93% 63.90%
Other
3.21% -10.60% 61.54% 15.44%
Cash
1.44% -34.53% 329.83% 89.88%
Convertible Bonds
0.93% 0.00% 65.60% 23.22%
Preferred Stocks
0.14% 0.00% 38.02% 45.05%

Stock Sector Breakdown

Weighting Return Low Return High MKTRX % Rank
Healthcare
16.22% 0.00% 37.58% 17.99%
Financial Services
13.62% 0.00% 34.30% 67.56%
Utilities
13.57% 0.00% 71.13% 5.14%
Technology
12.69% 0.00% 36.56% 80.09%
Consumer Defense
12.69% 0.00% 29.13% 6.42%
Communication Services
8.77% 0.00% 32.35% 40.69%
Industrials
7.95% 0.00% 22.08% 84.90%
Consumer Cyclical
4.96% 0.00% 25.82% 88.12%
Energy
4.40% 0.00% 22.69% 35.12%
Basic Materials
2.98% 0.00% 15.72% 78.59%
Real Estate
2.16% 0.00% 78.06% 94.11%

Stock Geographic Breakdown

Weighting Return Low Return High MKTRX % Rank
US
28.82% -8.64% 60.77% 61.87%
Non US
14.80% -1.59% 36.59% 64.32%

Bond Sector Breakdown

Weighting Return Low Return High MKTRX % Rank
Corporate
46.50% 0.00% 98.07% 14.38%
Government
27.62% 0.00% 88.46% 46.86%
Securitized
22.22% 0.00% 66.01% 33.33%
Cash & Equivalents
3.34% -32.60% 100.00% 98.08%
Municipal
0.32% 0.00% 31.37% 41.00%
Derivative
0.00% -0.67% 45.00% 93.18%

Bond Geographic Breakdown

Weighting Return Low Return High MKTRX % Rank
US
43.83% -88.69% 91.30% 18.96%
Non US
6.84% -351.11% 63.39% 49.84%

Expenses

MKTRX - Expenses

Operational Fees

MKTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.91% 0.01% 22.24% 12.09%
Management Fee 0.62% 0.00% 1.95% 78.09%
12b-1 Fee 1.00% 0.00% 1.00% 95.12%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

MKTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load 5.00% 1.00% 5.00% 5.56%

Trading Fees

MKTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 62.00% 0.29% 496.00% 67.29%

Distributions

MKTRX - Distributions

Dividend Yield Analysis

MKTRX Category Low Category High MKTRX % Rank
Dividend Yield 0.00% 0.00% 7.08% 81.49%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MKTRX Category Low Category High MKTRX % Rank
Net Income Ratio 1.96% -1.82% 6.29% 47.91%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MKTRX - Fund Manager Analysis

Managers

William Priest


Start Date

Tenure

Tenure Rank

Jun 30, 2009

10.84

10.8%

Bill is Executive Chairman 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. Prior to co-founding Epoch in 2004, Bill was a Co-Managing Partner and portfolio manager at Steinberg Priest & Sloane Capital Management, LLC for three years.

Michael Welhoelter


Start Date

Tenure

Tenure Rank

Jun 30, 2009

10.84

10.8%

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


Start Date

Tenure

Tenure Rank

Feb 28, 2014

6.17

6.2%

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. 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 Tobin


Start Date

Tenure

Tenure Rank

Feb 28, 2014

6.17

6.2%

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.

Jae Yoon


Start Date

Tenure

Tenure Rank

Feb 28, 2018

2.17

2.2%

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 Swaney


Start Date

Tenure

Tenure Rank

Feb 28, 2018

2.17

2.2%

Jonathan 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 began his career in financil services working on the fixed income desk at the Vanguard Group after earned his B.A. in Political Science from The College of William & Mary in 1991. He also spent several years with a hedge fund of funds before coming to New York Life Investments in 1997.

Neil Moriarty


Start Date

Tenure

Tenure Rank

Oct 18, 2018

1.53

1.5%

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 Cianci


Start Date

Tenure

Tenure Rank

Oct 18, 2018

1.53

1.5%

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 Category High Category Average Category Mode
0.05 28.35 6.0 0.33