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Morningstar

MainStay Income Builder A MTRAX

Morningstar Analyst Rating
Analyst rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 18.49  /  0.05 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 0.990%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Global Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 2.49%
  • Turnover 57%

USD | NAV as of Feb 02, 2023 | 1-Day Return as of Feb 02, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis MTRAX

Will MTRAX 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 MTRAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MTRAX 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 MTRAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Flexible strategy with more to prove.

Senior Analyst

Summary

| by Megan Pacholok

MainStay Income Builder’s lead managers have experience running multiasset funds, but they have a short and mixed track record implementing this strategy’s flexible process. The fund maintains a Morningstar Analyst Rating of Neutral across all share classes.

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