The MainStay Balanced Fund seeks total return.
Disciplined balanced strategy
A broadly diversified balanced portfolio that allocates assets between stocks for capital appreciation and fixed income securities for interest potential.
Stock selection is driven by a fundamental, bottom-up, core value strategy. Fixed income portion uses a duration neutral, relative value approach.
Managed by seasoned investors
Equity and fixed income portfolios are managed independently by different investment firms, each a true specialist dedicated to each asset class.
Class A: MBNAX | Class B: MBNBX | Class C: MBACX | Class I: MBAIX | Class INV: MBINX | Class R1: MBNRX | Class R2: MBCRX | Class R3: MBDRX | Class R6: MBERX
Class A & INV: 5.5% maximum initial sales charge; a 1% CDSC may be imposed on certain redemptions made within 18 months of the date of purchase on shares that were purchased without an initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC.
Returns represent past performance which is no guarantee of future results. Current performance may be lower or higher. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. No initial sales charge applies on investments of $250,000 or more (and certain other qualified purchases). However, a contingent deferred sales charge of 1.00% may be imposed on certain redemptions made within 18 months of the date of purchase on shares that were purchased without an initial sales charge. Expenses stated are as of the fund's most recent prospectus.
Effective March 5, 2021, the Fund replaced the subadvisor to the equity portion of the Fund and modified its principal investment strategies. The past performance prior to that date reflects the Fund’s prior subadvisor and principal investment strategies for the equity portion of the Fund.
Rotate your phone for full Morningstar Tools Experience
Does not reflect the effect of any sales charge, which would reduce performance shown. Performance for other sales charges will differ based on differences in sales charges and expense structure.
Distribution & Yields
Distribution & Yields
Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital (ROC) of your investment in the fund. Because the distribution rate and the 12-month rate may include a ROC, they should not be confused with yield or income. Please refer to the most recent Section 19 Notice, if applicable, for additional information regarding the composition of distributions. Final determination of a distribution’s tax character will be made on Form 1099 DIV sent to shareholders each January.
Distribution Rate: The distribution rate measures the percentage return in the form of dividends. It is calculated daily by annualizing the most recent dividend distribution and dividing by the daily share price (NAV or POP). If the Fund did not make a distribution as of the latest scheduled distribution date, "N/A" will be displayed.
12-month Rate: The 12-month rate measures the percentage return in the form of dividends. It is calculated monthly by taking the sum of the trailing 12-month dividend payments divided by the last month's ending share price (NAV or POP) plus any capital gains distributed over previous 12 months. If the Fund did not make any distributions over the previous 12 months, "N/A" will be displayed.
The 30 Day SEC Yield is calculated by dividing the net investment income per share for the first 30 days of the month by the offering price per share at the end of that period. The yield reflects the dividends and interest earned during the period, after the deduction of the Fund's expenses. Yield reflects a fee waiver and/or expense limitation agreement without which the 30 Day SEC Yield would have been lower.
Dividend distributions are the distribution of a dividend to mutual fund shareholders as of a certain date. The following Funds declare daily dividends: MainStay MacKay California Tax Free Opportunities, MainStay Floating Rate, MainStay MacKay High Yield Municipal Bond, MainStay MacKay U.S. Infrastructure Bond Fund, MainStay Money Market, MainStay MacKay New York Tax Free Opportunities, MainStay MacKay Short Term Municipal Fund and MainStay MacKay Tax Free Bond.
Fees & Expenses
Offering multi asset strategies, market intelligence, and customized solutions.
Multi-Asset Solution’s (MAS) is New York Life investments’ specialist in multi-asset investing. The team offers multi asset strategies, market intelligence, and customized solutions to its strategic partners. Managed assets include MainStay funds, strategic partnerships and customized solutions with third parties.
A global asset manager with expertise and solutions across equity, fixed income, multi-asset and alternatives.
One of the world’s largest independent investment management firms, offering comprehensive investment capabilities built on rigorous, proprietary research spanning nearly all segments of the global capital markets, including equity, fixed income, multi-asset and alternative strategies.
A multi-product fixed-income investment manager.
Provides investment management and financing solutions for New York Life and our valued strategic partners, focused on fixed income and real estate.
Senior Managing Director, Head of Fixed Income Investors
Managing Director, Head of Portfolio Management