NYLI Income Builder Fund;A (MTRAX)
NYLI Income Builder Fund;A operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $25.60, up 0.55% on the session, giving a market capitalisation of $1.17B. On trailing twelve-month figures it carries a trailing P/E of -85.33, a net margin of -29.2%. Its beta of 1.06 implies it has historically moved more than the broad market.
This fund's primary objective is to generate consistent current income, alongside a reasonable prospect for future growth of both its invested capital and revenue. It typically allocates a minimum of 30% of its net assets to equity holdings and an equivalent minimum of 30% to fixed-income securities. On occasion, factors such as market conditions, specific investment transactions, or liquidity management may lead to a temporary reduction below this 30% threshold for either equities or debt. The fund has the flexibility to invest in debt instruments across the credit spectrum, including both investment-grade and speculative-grade (below investment-grade) bonds, with various terms to maturity.
NYLI Income Builder Fund;A is most often compared with the following Financial Services names: