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MainStay Income Builder A MTRAX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
21.64  /  0.05 %
Total Assets
1.7 Bil
Adj. Expense Ratio
1.030%
Expense Ratio
1.030%
Fee Level
Low
Longest Manager Tenure
12.06 years
Category
World Allocation
Investment Style
Large Value
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Status
Open
TTM Yield
2.45%
Turnover
65%

USD | NAV as of Jul 22, 2021 | 1-Day Return as of Jul 22, 2021, 10:19 PM GMT+00:00

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Morningstar’s Analysis

Will MTRAX outperform in future?

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

Process Pillar

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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

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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

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

A sensible multi-asset income offering, but not a standout.

Analyst

Summary

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MainStay Income Builder implements a flexible asset-allocation approach to generate a steady income. The current managers have a short track record at the helm; given the process’ wide opportunity set, a longer track record of solid execution would bolster our confidence. The fund maintains a Morningstar Analyst Rating of Neutral across all share classes.

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