MainStay Income Builder Fund Class R3 (MTXVX)
MainStay Income Builder Fund Class R3 operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $19.06, up 0.37% on the session, giving a market capitalisation of $1.05B. On trailing twelve-month figures it carries a trailing P/E of -63.53, a net margin of -29.2%. Its beta of 1.03 implies it has historically moved more than the broad market.
This fund's primary objective is to generate consistent income, while also pursuing a fair chance for its capital and earnings to appreciate over the long term. Under normal circumstances, it commits no less than 30% of its net assets to equity holdings and a similar minimum of 30% to fixed-income instruments. However, specific market dynamics, individual security dealings, or operational cash flow considerations may occasionally lead to a temporary reduction below these 30% thresholds for either stocks or bonds. Its debt portfolio is diversified, potentially including both high-quality investment-grade securities and higher-yielding, lower-rated (below investment-grade) bonds of various durations.
MainStay Income Builder Fund Class R3 is most often compared with the following Financial Services names: