- What does MTINX invest in?
- The fund aims to provide current income while also seeking a reasonable chance for future growth in both its principal value and income streams. Ordinarily, at least 30% of the fund's net assets are committed to equity holdings, and a separate minimum of 30% is allocated to debt instruments. Nevertheless, this minimum threshold for either equities or debt may be temporarily breached on occasion, influenced by market dynamics, specific security trades, or cash flow requirements. The debt component of the portfolio can include both investment-grade and high-yield (junk) bonds, spanning a spectrum of maturity dates.
- What is the expense ratio of MTINX?
- NYLI Income Builder Investor Class (MTINX) charges an expense ratio of 1.28%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is MTINX?
- NYLI Income Builder Investor Class (MTINX) is one share class of a fund that manages $1.15B across all of its share classes (MTRAX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
- Is MTINX actively managed or an index fund?
- MTINX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MTINX's is 1.28%) in exchange for the discretion to over- or under-weight positions.
- When was MTINX launched?
- NYLI Income Builder Investor Class (MTINX) launched in February 2008 and is managed by New York Life / NYLI.
- How has MTINX performed?
- MTINX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
