Skip to Content
Morningstar

MainStay Income Builder B MKTRX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 20.28  /  +1.00 %
  • Total Assets 1.0 Bil
  • Adj. Expense Ratio
    2.030%
  • Expense Ratio 2.030%
  • Distribution Fee Level High
  • Share Class Type —
  • Category Global Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity —
  • Status Closed
  • TTM Yield 2.00%
  • Turnover 56%

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:08 PM GMT+0

Morningstar’s Analysis MKTRX

Will MKTRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MKTRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MKTRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MKTRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Two Comanagers to Retire and Step Off MainStay Income Builder; Ratings Unchanged

null Stephen Margaria

Stephen Margaria

Analyst Note

TD Epoch, which subadvises MainStay Income Builder’s equity sleeve, recently announced that Michael Welhoelter and John Tobin will retire at the end of 2024. Welhoelter has been a named manager on the fund since 2009 and serves as TD Epoch’s co-CIO with a focus on risk. Lin Lin will take Welhoelter’s place as comanager on several TD Epoch strategies, including this fund, on June 30, 2024. Lin helms the firm’s quantitative research team and has 18 years of industry experience, seven of them at TD Epoch.

by Stephen Margaria
Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MKTRX

More MKTRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Yen

4.29 44.0 Mil
Cash and Equivalents

Yen

3.40 34.8 Mil
Cash and Equivalents

Australian Dollar

1.51 15.5 Mil
Cash and Equivalents

Microsoft Corp

1.38 14.2 Mil
Technology

Broadcom Inc

1.34 13.7 Mil
Technology

Euro

1.29 13.2 Mil
Cash and Equivalents

Analog Devices Inc

1.26 12.9 Mil
Technology

Us Dollar

1.22 12.5 Mil
Cash and Equivalents

MainStay US Government Liquidity I

1.17 12.0 Mil
Cash and Equivalents

International Business Machines Corp

1.14 11.7 Mil
Technology