MBDRX — MainStay Balanced Fund
Data updated: 2026-09-23
MBDRX — MainStay Balanced Fund. Total Return Allocation · $448.90M AUM · 1.42% expense ratio · 2.8% 1-yr return. Holdings, fees, performance and SEC filings.
MBDRX Fund Overview
MBDRX — MainStay Balanced Fund is a US mutual fund managed by New York Life Investments Funds Trust, categorised as Total Return Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: New York Life Investments Funds Trust
- Category: Total Return Allocation
- Assets under management: $448.90M
- 1-year return: 2.8%
- Ticker: MBDRX
- SEC CIK: 0001469192
- SEC series ID: S000036714
- Share class ID: C000112264
MBDRX Investment Objective and Strategy
MainStay Balanced Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by New York Life Investments Funds Trust.
Investment objective
The Fund seeks total return.
Principal investment strategy
"The Fund invests approximately 60% of its assets (net assets plus any borrowings for investment purposes) in stocks and 40% of its assets in fixed-income securities (such as bonds) and cash equivalents. Although this 60/40 ratio may vary, under normal market conditions, the Fund will invest at least 25% of its assets in fixed-income securities. Asset allocation decisions are made by New York Life Investment Management LLC, the Fund's Manager, based on its tactical view of the market. The Fund may invest in exchange-traded funds (ETFs), including ETFs advised by affiliates of the Manager and ETFs advised by unaffiliated advisers, to rebalance the Fund's allocation between equity and fixed-income securities. The Fund may invest up to 20% of its net assets in foreign securities, but only in countries the Subadvisors consider stable, and only in securities considered to be of high quality.
The Fund may also invest in derivatives, such as futures and options, to try to enhance returns or reduce the risk of loss by hedging certain of its holdings. Under normal market conditions, NYL Investors LLC (NYL Investors), the Subadvisor for the fixed-income portion of the Fund, and MacKay Shields LLC (MacKay Shields), the Subadvisor for the equity portion of the Fund, will seek to keep the portfolio fully invested rather than taking temporary cash positions with respect to their portions of the Fund's assets. The Subadvisors will sell a security if it becomes relatively overvalued, if better opportunities are identified, or if they determine that the initial investment expectations are not being met. Equity Investment Process: MacKay Shields generally invests in mid-capitalization, value oriented stocks, but may also invest in large-capitalization, value-oriented stocks.
MacKay Shields considers mid-capitalization stocks to be those with a market capitalization that, at the time of investment, are similar to the companies in the Russell Midcap Index (which ranged from $653.7 million to $62.5 billion as of December 31, 2017), the S&P MidCap 400 Index (which ranged from $946 million to $13.1 billion as of December 31, 2017), or a universe selected from the smallest 800 companies of the largest 1,000 companies, ranked by market capitalization. Mid-capitalization stocks are common stocks of mid-size U.S. companies that tend to be well known, and tend to have a large amount of stock outstanding compared to small-capitalization stocks. ""Value"" stocks are stocks that MacKay Shields determines (1) have strong or improving fundamental characteristics and (2) have been overlooked by the marketplace so that they are undervalued or ""underpriced"" relative to the rest of the Fund's universe.
The Fund seeks to construct a broadly diversified portfolio across countries, sectors and industries using quantitative analysis to identify undervalued and overvalued securities. MacKay Shields uses a quantitative model that is designed to evaluate individual issuers and securities across valuation, momentum and market sentiment criteria. MacKay Shields also conducts a qualitative review of the results of the quantitative analysis. In certain cases, MacKay Shields may deviate from positions or weightings suggested by the quantitative analysis to account for events and conditions that may not be quantifiable by the analysis, such as company-specific and market events. MacKay Shields regularly evaluates the quantitative model and, from time to time, may adjust the metrics and data underlying its quantitative analysis for a variety of reasons, including, without limitation, to account for changing market, financial or economic conditions.
Investments are recommended using an objective, disciplined and broadly-applied process, while seeking to limit exposure to risk. Fixed-Income Investment Process: NYL Investors generally invests in U.S. government securities, mortgage-backed securities, asset-backed securities and investment grade corporate bonds. It selects fixed-income securities based on their credit quality, duration and price. The fixed-income portion of the portfolio normally has an intermediate term duration that ranges from three to five years. The Fund's investments may include variable rate notes, floaters and mortgage-related securities (including mortgage-backed) securities, which are debt securities whose values are based on underlying pools of mortgages, and asset-backed securities, which are debt securities whose values are based on underlying pools of credit receivables."
MBDRX Holdings
Top 10 holdings of MainStay Balanced Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Microsoft Corp. | 4.19% |
| iShares Intermediate Government/Credit Bond ETF | 3.73% |
| Vanguard Intermediate-Term Treasury ETF | 3.58% |
| United States of America | 3.29% |
| United States of America | 3.01% |
| JPMorgan Chase & Co. | 2.27% |
| United States of America | 2.18% |
| Vanguard Russell 1000 Value | 1.84% |
| United States of America | 1.73% |
| Johnson & Johnson | 1.70% |
MBDRX Portfolio Allocation
Asset-class allocation of MainStay Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 63.2% |
| Fixed Income | 19.8% |
| Other | 9.1% |
| Securitized | 6.6% |
| Cash & Equivalents | 0.9% |
MBDRX Performance
Total returns for MBDRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.8% |
| 3 years (annualised) | 4.9% |
MBDRX Risk Information
Risk metrics for MBDRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.9%
MBDRX Costs and Fees
MBDRX costs about $142 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.42%
- Gross expense ratio: 1.42%
- Portfolio turnover: 201%
- Brokerage commissions: 1.42 bps of average net assets (SEC N-CEN)
MBDRX Cashflows
Over the 12 months to 2026-04, MainStay Balanced Fund had net outflows of $16.38M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$1.41M |
| 2026-03 | −$4.93M |
| 2026-02 | −$6.45M |
| 2026-01 | −$5.99M |
| 2025-12 | $16.21M |
| 2025-11 | −$2.66M |
MBDRX Debt Constituents
Largest debt holdings of MainStay Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States of America | 3.29% |
| United States of America | 3.01% |
| United States of America | 2.18% |
| United States of America | 1.73% |
| United States of America | 1.01% |
| AT&T, Inc. | 0.21% |
| Targa Resources Partners LP | 0.17% |
| Duke Energy Ohio, Inc. | 0.15% |
| Verizon Communications, Inc. | 0.15% |
| Charter Communications Operating LLC | 0.15% |
MBDRX Prospectus and SEC Filings
Official MainStay Balanced Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-26
- Prospectus (485BPOS) — filed 2024-02-26
- Prospectus supplement (497) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-23
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-26
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Total Return Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.