Mainstay Income Builder Fund Quote
| MTOIX Fund | USD 18.85 0.04 0.21% |
Performance1 of 100
| Odds Of DistressLess than 22
|
Mainstay Income is trading at 18.85 as of the 18th of April 2024; that is -0.21 percent down since the beginning of the trading day. The fund's open price was 18.89. Mainstay Income has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Mainstay Income Builder are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of May 2023 and ending today, the 18th of April 2024. Click here to learn more.
The fund normally invests a minimum of 30 percent of its net assets in equity securities and a minimum of 30 percent of its net assets in debt securities. From time to time, it may temporarily invest less than 30 percent of its net assets in equity or debt securities as a result of market conditions, individual securities transactions or cash flow considerations.. More on Mainstay Income Builder
Moving together with Mainstay Mutual Fund
| 0.95 | MKHCX | Mainstay High Yield | PairCorr |
| 0.95 | MKTRX | Mainstay Me Builder | PairCorr |
| 0.78 | MLACX | Mainstay Large Cap | PairCorr |
| 0.78 | MLABX | Mainstay Large Cap | PairCorr |
| 0.78 | MLAAX | Mainstay Large Cap | PairCorr |
| 0.79 | MLAIX | Mainstay Large Cap | PairCorr |
Mainstay Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mainstay Income's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mainstay Income or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | New York Life Investment Management LLC Funds, Large Value Funds, World Allocation Funds, World Allocation, New York Life Investment Management LLC (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Mainstay Income Builder [MTOIX] is traded in USA and was established 18th of April 2024. Mainstay Income is listed under New York Life Investment Management LLC category by Fama And French industry classification. The fund is listed under World Allocation category and is part of New York Life Investment Management LLC family. This fund now has accumulated 1.1 B in assets with no minimum investment requirementsMainstay Me Builder is currently producing year-to-date (YTD) return of 1.03% with the current yeild of 0.03%, while the total return for the last 3 years was 0.3%.
Check Mainstay Income Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Mainstay Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Mainstay Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Mainstay Income Builder Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Mainstay Income Builder Mutual Fund Constituents
| VOD | Vodafone Group PLC | Stock | Communication Services |
| T | ATT Inc | Stock | Communication Services |
| AZN | AstraZeneca PLC ADR | Stock | Health Care |
| GSK | GlaxoSmithKline PLC ADR | Stock | Health Care |
| IRM | Iron Mountain Incorporated | Stock | Real Estate |
| VZ | Verizon Communications | Stock | Communication Services |
| TXN | Texas Instruments Incorporated | Stock | Information Technology |
Mainstay Income Target Price Odds Analysis
Based on a normal probability distribution, the odds of Mainstay Income jumping above the current price in 90 days from now is about 84.13%. The Mainstay Income Builder probability density function shows the probability of Mainstay Income mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Mainstay Income has a beta of 0.0537. This indicates as returns on the market go up, Mainstay Income average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mainstay Income Builder will be expected to be much smaller as well. Additionally, mainstay Income Builder has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Mainstay Income to move above the current price in 90 days from now is about 84.13 (This Mainstay Income Builder probability density function shows the probability of Mainstay Mutual Fund to fall within a particular range of prices over 90 days) .
Mainstay Me Builder Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Mainstay Income market risk premium is the additional return an investor will receive from holding Mainstay Income long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Mainstay Income. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Mainstay Income's alpha and beta are two of the key measurements used to evaluate Mainstay Income's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.402 | |||
| Semi Deviation | 0.5503 | |||
| Standard Deviation | 0.5294 | |||
| Variance | 0.2803 |
Mainstay Income Against Markets
Picking the right benchmark for Mainstay Income mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mainstay Income mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mainstay Income is critical whether you are bullish or bearish towards Mainstay Income Builder at a given time. Please also check how Mainstay Income's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mainstay Income without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Mainstay Mutual Fund?
Before investing in Mainstay Income, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mainstay Income. To buy Mainstay Income fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mainstay Income. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Mainstay Income fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Mainstay Income Builder fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Mainstay Income Builder fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Mainstay Income Builder, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Mainstay Income Builder?
The danger of trading Mainstay Income Builder is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mainstay Income is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mainstay Income. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mainstay Me Builder is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Income Builder. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.