MainStay Income Builder Fund Class R3
MTXVX
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
FRC
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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
- Mar 1, 2016
- CIK
- 0000787441
- Similar Companies
- Business
- MainStay Income Builder Fund Class R3 (MTXVX) is a multi-asset mutual fund that seeks current income consistent with a reasonable opportunity for future growth of capital and income. The fund, managed by New York Life Investment Management LLC, normally invests a minimum of 30% of its net assets in equity securities and a minimum of 30% in debt securities, employing a flexible global allocation strategy that dynamically adjusts between 30-70% in each asset class based on market opportunities; it incorporates a top-down and bottom-up approach, including global equities, fixed income securities such as corporate bonds and asset-backed securities, and cash equivalents to pursue income and growth while managing risk through diversification. The fund offers Class R3 shares with a retirement plan focus, characterized by lower expense ratios suitable for such investors, and is part of the broader MainStay Funds family, now transitioning under the NYLI branding. Operated globally with exposure to U.S., non-U.S., and international markets, the fund targets income-oriented investors, including retirement plans and individual accounts seeking balanced moderate-risk portfolios in the global allocation category. The MainStay Funds family traces its origins to 1986, with management headquartered at 30 Hudson Street, Jersey City, New Jersey, under New York Life Investments, an affiliate of New York Life Insurance Company. In a significant recent development, the fund underwent a name change to NYLI Income Builder Fund effective around August 2024 as part of New York Life Investments' rebranding of its MainStay mutual fund lineup to enhance brand clarity and consistency across its product offerings. This reorganization aligns with broader strategic initiatives, including partnerships such as with Bow River Advisers in 2024 and the combination of general account and third-party asset management businesses announced for 2025-2026 to form a $785 billion AUM global platform. The fund maintains its core multi-asset strategy under the leadership of the Multi-Asset Solutions team, including portfolio managers Neil Moriarty and Michael DePalma, with no reported major acquisitions, funding rounds, or product shifts specific to this share class in the last 1-2 years beyond the branding evolution.