Morningstar

NYLIM Income Builder Class A MTRAX

Morningstar Medalist Rating
Unlock
  • NAV / 1-Day Return $26.02  /  +1.09 %
  • Fund Size $1.2B
  • Adjusted Expense Ratio 1.020%
  • Net Expense Ratio 1.020%
  • Fee Level: Distribution Average
  • Share Class Type Front Load
  • Morningstar Category Global Moderate Allocation
  • Equity Style Box (Funds) Large Value
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Investment Status Open
  • TTM Yield 2.66%
  • Turnover Ratio 50%
NAV and 1-Day Return as of

Morningstar’s Analysis MTRAX

Will MTRAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MTRAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MTRAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MTRAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Manager turnover on this multisleeve strategy bears watching.

Analyst Stephen Margaria

Stephen Margaria

Analyst

Summary

NYLI Income Builder’s multifaceted approach continues to search for an edge, while manager turnover in recent years tempers conviction. The fund will be renamed to NYLIM Income Builder at the end of August 2026.

by Stephen Margaria
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MTRAX

More MTRAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Yen

3.95 47M
Cash and Equivalents

United States Treasury Notes 4.375%

2.37 28M
Government

Us Dollar

2.13 25M
Cash and Equivalents

NYLIM U.S. Government Liquidity Class I

1.97 23M
Cash and Equivalents

United States Treasury Bonds 5.125%

1.61 19M
Government

Microsoft Corp

1.53 18M
Technology

Australian Dollar

1.41 17M
Cash and Equivalents

Dell Technologies Inc Ordinary Shares - Class C

1.39 16M
Technology

Cisco Systems Inc

1.34 16M
Technology

Taiwan Semiconductor Manufacturing Co Ltd ADR

1.32 16M
Technology

Sponsor Center