MainStay Income Builder Fund Investor Class
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- NYLI Income Builder Fund Investor Class (MTINX) is an open-end mutual fund that seeks current income consistent with a reasonable opportunity for future growth of capital and income. The fund normally invests a minimum of 30% of its net assets in equity securities, including U.S. and non-U.S. stocks across market capitalizations and styles; a minimum of 30% in debt securities, such as U.S. and non-U.S. bonds, government securities, mortgage-backed securities, and investment-grade and high-yield fixed income instruments; and the balance in cash equivalents or other short-term investments, employing a dynamic global multi-asset allocation strategy that ranges between 30-70% each in equities and fixed income based on market opportunities, with top holdings including Broadcom Inc., United States Treasury Notes, Microsoft Corp., Dell Technologies Inc., and NYLI U.S. Government Liquidity Class I. It benchmarks performance against the MSCI World Index (Net), Bloomberg U.S. Aggregate Bond Index, and a blended 60/40 index, falling within the Morningstar Global Moderate Allocation category, with total net assets of approximately $1.07 billion and a net expense ratio of 1.28%. Launched on February 28, 2008, as part of the MainStay Funds family managed by New York Life Investment Management LLC (NYLIM), a subsidiary of New York Life Insurance Company headquartered in Jersey City, New Jersey, the fund is co-managed by subadvisors including Epoch Investment Partners, Inc. for equities; MacKay Shields LLC (providing fixed income expertise through professionals such as Neil Moriarty, Michael DePalma, Cameron White, Zachary Aronson, and Lesya Paisley); and New York Life Investments' Multi-Asset Solutions team for overall allocation and risk management. Shares are distributed through NYLIFE Distributors LLC and available primarily to U.S. investors with a minimum initial investment of $1,000. In June 2024, the fund underwent a significant rebranding from MainStay Income Builder Fund to NYLI Income Builder Fund as part of New York Life Investments' broader initiative to consolidate its MainStay and IndexIQ products under the unified NYLI brand, enhancing market distinction and brand consistency across its mutual fund offerings. Recent portfolio management updates include the addition of Lin Lin and Michael Jin effective July 1, 2024, and Zach Aronson, Cameron White, Lesya Paisley, and Migene Kim as of February 28, 2025, alongside ongoing oversight by experienced co-heads of Global Fixed Income; the fund continues to emphasize diversified global exposure with 41% U.S. stocks, 32% U.S. bonds, 20% non-U.S. stocks, and 5% non-U.S. bonds as of the latest data.