MainStay Balanced Fund (MBAIX)
The fund invests approximately 60% of its assets (net assets plus any borrowings for investment purposes) in stocks and 40% of its assets in fixed-income securities (such as bonds) and cash equivalents. Although this 60/40 ratio may vary, the manager has adopted a fundamental policy that it will be a "balanced" fund. The fund may invest up to 20% of its net assets in foreign securities, but only in such securities that the Subadvisor for the fixed-income portion of the fund, and the Subadvisor for the equity portion of the fund, in accordance with each Subadvisor's investment process.
Fund Info
ISIN | US56063U1667 |
---|---|
CUSIP | 56063U166 |
Issuer | New York Life Investments |
Inception Date | Apr 30, 1989 |
Category | Diversified Portfolio |
Min. Investment | $1,000,000 |
Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
MBAIX has a high expense ratio of 0.81%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MBAIX vs. FXAIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MainStay Balanced Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MainStay Balanced Fund had a return of 2.78% year-to-date (YTD) and 10.62% in the last 12 months. Over the past 10 years, MainStay Balanced Fund had an annualized return of 5.98%, while the S&P 500 had an annualized return of 10.79%, indicating that MainStay Balanced Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.78% | 9.47% |
1 month | 2.56% | 1.91% |
6 months | 10.37% | 18.36% |
1 year | 10.62% | 26.61% |
5 years (annualized) | 6.98% | 12.90% |
10 years (annualized) | 5.98% | 10.79% |
Monthly Returns
The table below presents the monthly returns of MBAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.60% | 1.14% | 2.83% | -2.94% | 2.78% | ||||||||
2023 | 3.26% | -2.85% | -0.06% | 1.13% | -2.76% | 3.15% | 2.90% | -1.66% | -2.28% | -2.38% | 5.10% | 4.11% | 7.41% |
2022 | -1.30% | -0.49% | 0.04% | -3.65% | 2.20% | -5.68% | 4.77% | -2.22% | -6.08% | 5.95% | 4.24% | -2.86% | -5.80% |
2021 | 0.03% | 3.45% | 3.70% | 3.00% | 1.22% | -0.57% | 1.05% | 1.18% | -2.45% | 3.28% | -2.15% | 4.47% | 17.13% |
2020 | -0.58% | -4.74% | -11.66% | 8.23% | 2.78% | 1.14% | 2.79% | 2.04% | -1.29% | -0.53% | 8.09% | 2.80% | 7.73% |
2019 | 6.77% | 1.75% | 0.34% | 2.23% | -4.10% | 4.59% | 0.46% | -1.30% | 1.77% | 0.58% | 1.61% | 1.23% | 16.68% |
2018 | 1.28% | -3.44% | -0.42% | 0.28% | 1.48% | 0.36% | 1.74% | 1.62% | -0.20% | -4.74% | 1.27% | -6.60% | -7.53% |
2017 | 1.13% | 1.61% | -0.28% | 0.58% | -0.18% | 0.79% | 1.12% | -0.18% | 1.28% | 0.63% | 1.93% | 1.06% | 9.87% |
2016 | -3.75% | 0.94% | 5.76% | 0.72% | 0.59% | 0.76% | 2.42% | -0.16% | 0.39% | -1.32% | 2.68% | 0.98% | 10.15% |
2015 | -0.64% | 2.18% | -0.25% | -0.70% | 0.88% | -1.37% | 0.28% | -3.46% | -1.83% | 4.28% | 0.37% | -2.29% | -2.74% |
2014 | -1.23% | 2.98% | 1.17% | 0.57% | 1.49% | 2.03% | -1.70% | 2.96% | -2.26% | 2.22% | 1.74% | 0.40% | 10.69% |
2013 | 4.53% | 1.22% | 3.28% | 1.02% | 0.85% | -1.20% | 3.73% | -2.56% | 2.75% | 3.76% | 1.38% | 1.41% | 21.86% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MBAIX is 55, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
MBAIX (MainStay Balanced Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay Balanced Fund (MBAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay Balanced Fund granted a 2.30% dividend yield in the last twelve months. The annual payout for that period amounted to $0.70 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.70 | $0.68 | $0.53 | $7.25 | $0.73 | $1.21 | $2.60 | $2.31 | $0.94 | $2.07 | $3.25 | $2.57 |
Dividend yield | 2.30% | 2.27% | 1.86% | 23.51% | 2.24% | 3.88% | 9.37% | 7.05% | 2.94% | 6.93% | 9.91% | 7.89% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Balanced Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | |||||||
2023 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.11 | $0.68 |
2022 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.53 |
2021 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $6.91 | $7.25 |
2020 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.34 | $0.73 |
2019 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.76 | $1.21 |
2018 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $2.15 | $2.60 |
2017 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $1.97 | $2.31 |
2016 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.57 | $0.94 |
2015 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $1.76 | $2.07 |
2014 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $2.94 | $3.25 |
2013 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $2.30 | $2.57 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the MainStay Balanced Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MainStay Balanced Fund was 43.43%, occurring on Mar 9, 2009. Recovery took 540 trading sessions.
The current MainStay Balanced Fund drawdown is 0.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-43.43% | Jun 5, 2007 | 442 | Mar 9, 2009 | 540 | Apr 28, 2011 | 982 |
-25.87% | Feb 21, 2020 | 22 | Mar 23, 2020 | 161 | Nov 9, 2020 | 183 |
-25.79% | Dec 8, 1997 | 590 | Mar 14, 2000 | 803 | Jun 2, 2003 | 1393 |
-13.79% | Sep 24, 2018 | 64 | Dec 24, 2018 | 128 | Jun 28, 2019 | 192 |
-13.19% | Jan 13, 2022 | 177 | Sep 27, 2022 | 314 | Dec 27, 2023 | 491 |
Volatility
Volatility Chart
The current MainStay Balanced Fund volatility is 1.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.