MainStay Income Builder Fund Class A
MTRAX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 51 Madison Ave New York NY United States of America 10010
- IPO Date
- Dec 30, 1994
- CIK
- 0000787441
- Website
- nylim.com
- Similar Companies
- Business
- NYLI Income Builder Fund (Class A: MTRAX) is a multi-asset mutual fund managed by New York Life Investment Management LLC that seeks current income consistent with a reasonable opportunity for future growth of capital and income. The fund employs a global, flexible allocation strategy, investing a minimum of 30% of net assets in equity securities and a minimum of 30% in debt securities, with the remainder adjustable between 30-70% in each asset class based on top-down and bottom-up market analysis; it maintains dynamic risk management to adjust equity and fixed income exposures amid changing conditions, targeting diversification across U.S. and non-U.S. stocks (approximately 42% U.S. equities, 18% non-U.S. equities), U.S. and non-U.S. bonds (about 29% U.S. bonds, 6% non-U.S. bonds), and cash equivalents. Available share classes include Class A (with up to 5.5% initial sales charge and 1% contingent deferred sales charge on certain redemptions within 18 months), Class I (no sales charges), and others; the fund distributes income monthly, with a trailing 12-month yield of around 3.08%, total net assets of approximately $1.0 billion, and an annual turnover rate of 41%. The fund, originally launched on January 3, 1995, as part of the MainStay Funds lineup and headquartered through its manager in Jersey City, New Jersey, operates primarily for U.S. retail and institutional investors via New York Life Investments, an affiliate of New York Life Insurance Company with over $725 billion in assets under management. Its investment team comprises specialists from New York Life Investments' Multi-Asset Solutions group for overall strategy and market intelligence, alongside global equity managers focused on long-term shareholder returns via fundamental research, and fixed income professionals such as Neil Moriarty and Michael DePalma, Co-Heads of Global Fixed Income, offering expertise in investment-grade, high yield, bank loans, and municipals. In a major recent development, the fund and its peers underwent a rebranding in 2024, with MainStay Income Builder Fund renamed to NYLI Income Builder Fund effective around August 2024 as part of New York Life Investments' initiative to align its MainStay and IndexIQ product lineup more closely with the parent brand for greater market distinction and consistency; this included over 30 open-end and closed-end funds transitioning names, such as MainStay Balanced Fund to NYLI Balanced Fund. No significant acquisitions, partnerships, funding rounds, or new product launches specific to this fund have been announced within the last 1-2 years, though the broader New York Life Investments platform continues to emphasize multi-boutique strategies and received recognitions like the DALBAR Mutual Fund Service Award in January 2025 and a top ranking in Pensions & Investments' Largest Money Managers list. The fund targets global moderate allocation investors seeking balanced income and growth, with geographic exposure spanning U.S. and international markets.