MainStay Income Builder Fund (MKTRX)
The investment seeks current income consistent with reasonable opportunity for future growth of capital and income. The fund normally invests a minimum of 30% of its net assets in equity securities and a minimum of 30% of its net assets in debt securities. From time to time, it may temporarily invest less than 30% of its net assets in equity or debt securities as a result of market conditions, individual securities transactions or cash flow considerations. The fund may invest in investment grade and below investment grade debt securities of varying maturities.
Fund Info
| ISIN | US56062F8894 |
|---|---|
| CUSIP | 56062F889 |
| Issuer | New York Life Investments |
| Inception Date | Dec 28, 1987 |
| Category | Global Allocation |
| Min. Investment | $1,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
MKTRX has a high expense ratio of 1.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MKTRX vs. PIMIX, MKTRX vs. VVIAX, MKTRX vs. SWPPX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MainStay Income Builder 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 Income Builder Fund had a return of 3.99% year-to-date (YTD) and 11.15% in the last 12 months. Over the past 10 years, MainStay Income Builder Fund had an annualized return of 3.62%, while the S&P 500 had an annualized return of 10.84%, indicating that MainStay Income Builder Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.99% | 10.00% |
| 1 month | 2.49% | 2.41% |
| 6 months | 13.31% | 16.70% |
| 1 year | 11.15% | 26.85% |
| 5 years (annualized) | 3.98% | 12.81% |
| 10 years (annualized) | 3.62% | 10.84% |
Monthly Returns
The table below presents the monthly returns of MKTRX, 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 | 0.34% | 1.49% | 2.93% | -3.59% | 3.99% | ||||||||
| 2023 | 4.16% | -3.28% | 0.83% | 1.37% | -2.49% | 3.38% | 1.68% | -1.90% | -3.78% | -2.91% | 6.88% | 4.96% | 8.49% |
| 2022 | -2.92% | -2.44% | 0.22% | -5.95% | 1.52% | -6.93% | 4.93% | -3.55% | -8.55% | 5.48% | 6.25% | -2.06% | -14.33% |
| 2021 | -1.14% | 0.90% | 2.50% | 2.37% | 1.96% | -0.15% | 0.78% | 0.97% | -2.98% | 2.24% | -2.45% | 3.90% | 9.00% |
| 2020 | 0.17% | -4.38% | -10.33% | 6.03% | 2.44% | 1.29% | 3.31% | 2.05% | -1.54% | -1.93% | 8.00% | 2.19% | 6.14% |
| 2019 | 3.96% | 1.90% | 1.90% | 1.06% | -2.14% | 3.73% | 0.08% | 0.86% | 1.41% | 1.01% | 0.90% | 1.32% | 17.06% |
| 2018 | 0.98% | -4.02% | -1.01% | 0.70% | -0.10% | 0.06% | 2.24% | 0.20% | 0.18% | -3.57% | 1.48% | -3.54% | -6.44% |
| 2017 | 0.71% | 2.24% | 0.88% | 0.75% | 2.00% | -0.56% | 0.76% | 0.45% | 1.05% | 1.11% | 0.92% | 0.33% | 11.14% |
| 2016 | -1.94% | -0.23% | 5.35% | 0.72% | 0.88% | 1.41% | 2.34% | -0.32% | -0.22% | -1.29% | -0.92% | 2.33% | 8.18% |
| 2015 | 0.46% | 2.80% | -1.97% | 1.17% | -0.05% | -3.27% | 1.63% | -4.80% | -2.25% | 5.35% | -0.79% | -2.52% | -4.58% |
| 2014 | -1.99% | 3.69% | 1.04% | 1.75% | 1.52% | 1.14% | -1.97% | 2.56% | -1.94% | 1.23% | 1.12% | -1.49% | 6.63% |
| 2013 | 3.28% | 0.77% | 2.49% | 3.15% | -1.14% | -2.28% | 3.67% | -2.29% | 2.68% | 4.13% | 0.45% | 1.39% | 17.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MKTRX is 43, 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.
MKTRX (MainStay Income Builder Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay Income Builder Fund (MKTRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay Income Builder Fund granted a 2.02% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.36 | $0.26 | $1.45 | $0.27 | $1.14 | $0.67 | $0.82 | $0.43 | $1.09 | $1.41 | $1.04 |
Dividend yield | 2.02% | 1.89% | 1.48% | 6.89% | 1.31% | 5.77% | 3.75% | 4.15% | 2.30% | 6.19% | 7.21% | 5.32% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Income Builder 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 | $0.02 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2023 | $0.01 | $0.03 | $0.04 | $0.03 | $0.06 | $0.03 | $0.02 | $0.03 | $0.02 | $0.01 | $0.02 | $0.06 | $0.36 |
| 2022 | $0.01 | $0.02 | $0.02 | $0.02 | $0.05 | $0.03 | $0.01 | $0.02 | $0.02 | $0.01 | $0.04 | $0.02 | $0.26 |
| 2021 | $0.03 | $0.05 | $0.05 | $0.03 | $0.03 | $0.03 | $0.01 | $0.01 | $0.02 | $0.00 | $0.01 | $1.17 | $1.45 |
| 2020 | $0.01 | $0.02 | $0.06 | $0.01 | $0.03 | $0.03 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2019 | $0.03 | $0.03 | $0.04 | $0.02 | $0.08 | $0.03 | $0.03 | $0.03 | $0.03 | $0.01 | $0.03 | $0.78 | $1.14 |
| 2018 | $0.01 | $0.03 | $0.03 | $0.03 | $0.06 | $0.04 | $0.01 | $0.03 | $0.02 | $0.01 | $0.04 | $0.35 | $0.67 |
| 2017 | $0.01 | $0.02 | $0.04 | $0.02 | $0.06 | $0.04 | $0.02 | $0.03 | $0.02 | $0.01 | $0.04 | $0.53 | $0.82 |
| 2016 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.43 |
| 2015 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.71 | $1.09 |
| 2014 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $1.01 | $1.41 |
| 2013 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.65 | $1.04 |
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 Income Builder 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 Income Builder Fund was 40.52%, occurring on Mar 11, 2003. Recovery took 2046 trading sessions.
The current MainStay Income Builder Fund drawdown is 3.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.52% | Sep 5, 2000 | 627 | Mar 11, 2003 | 2046 | Apr 29, 2011 | 2673 |
| -24.5% | Feb 13, 2020 | 27 | Mar 23, 2020 | 164 | Nov 11, 2020 | 191 |
| -22.26% | Jan 5, 2022 | 194 | Oct 12, 2022 | — | — | — |
| -16.71% | Jul 21, 1998 | 58 | Oct 8, 1998 | 36 | Nov 27, 1998 | 94 |
| -13.81% | Apr 29, 2015 | 200 | Feb 11, 2016 | 124 | Aug 9, 2016 | 324 |
Volatility
Volatility Chart
The current MainStay Income Builder Fund volatility is 2.26%, 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.