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MBAIX - MainStay Balanced I

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MainStay Balanced I (MBAIX)
Expense Ratio: 0.95%
Expected Lifetime Fees: $28,436.39


The MainStay Balanced I fund (MBAIX) is a Moderate Allocation fund started on 05/1/1989 and has $578.40 million in assets under management. The current manager has been running MainStay Balanced I since 03/23/2012. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

iShares S&P Moderate Allocation (AOM)
Expense Ratio: 0.11%
Expected Lifetime Fees: $3,595.26


The iShares S&P Moderate Allocation (AOM) is an Exchange Traded Fund. It is a "basket" of securities that index the Moderate Allocation investment strategy and is an alternative to a Moderate Allocation mutual fund. Fees are very low compared to a comparable mutual fund like MainStay Balanced I because computers automatically manage the stocks.



The Following Moderate Allocation Funds Have Lower Fees Than MainStay Balanced I (MBAIX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
AllianceBern Balance Wealth Strat Adv ABWYX 4.0% 1,500 0.72%
AllianceBern Balanced Shares Adv CBSYX 87.0% 551 0.79%
American Beacon Balanced AMR AABNX 47.0% 974 0.34%
American Beacon Balanced Fund Class Y ACBYX 47.0% 974 0.70%
American Beacon Balanced Instl AADBX 47.0% 974 0.59%
American Beacon Balanced Inv AABPX 47.0% 974 0.93%
American Century Balanced Instl ABINX 87.0% 588 0.70%
American Century Balanced Inv TWBIX 87.0% 588 0.90%
American Century One Choice Mod Inv AOMIX 11.0% 839 0.85%
American Century Strat Allc: Mod Inst ASAMX 86.0% 1,600 0.88%
American Funds American Balanced A ABALX 47.0% 51,300 0.62%
American Funds American Balanced F-1 BALFX 47.0% 51,300 0.63%
American Funds American Balanced F-2 AMBFX 47.0% 51,300 0.40%
American Funds American Balanced R4 RLBEX 47.0% 51,300 0.65%
American Funds American Balanced R5 RLBFX 47.0% 51,300 0.35%
American Funds American Balanced R6 RLBGX 47.0% 51,300 0.30%
American Funds Inc Fund of Amer A AMECX 38.0% 69,200 0.58%
American Funds Inc Fund of Amer F-1 IFAFX 38.0% 69,200 0.64%
American Funds Inc Fund of Amer F-2 AMEFX 38.0% 69,200 0.40%
American Funds Inc Fund of Amer R4 RIDEX 38.0% 69,200 0.66%
American Funds Inc Fund of Amer R5 RIDFX 38.0% 69,200 0.36%
American Funds Inc Fund of Amer R6 RIDGX 38.0% 69,200 0.31%
BlackRock Balanced Capital Instl MACPX 94.0% 912 0.76%
BNY Mellon Asset Allocation M MPBLX 71.1% 381 0.86%
Columbia Balanced Fund Class R5 CLREX 99.0% 1,100 0.80%
Columbia Balanced Z CBA1Z 99.0% 1,100 0.86%
Columbia Balanced Z CBALX 99.0% 1,100 0.86%
Delaware Dividend Income Instl DDIIX 110.0% 397 0.94%
Delaware Foundation Moderate Allc I DFFIX 164.0% 385 0.90%
Dodge & Cox Balanced DOB1Z 19.0% 11,800 0.53%
Dodge & Cox Balanced DODBX 19.0% 11,800 0.53%
Fidelity Advisor Asset Manager 60% I FSNIX 14.0% 583 0.85%
Fidelity Advisor Asset Manager 70% I FAAIX 16.0% 2,800 0.83%
Fidelity Advisor Balanced I FAIOX 146.0% 1,100 0.71%
Fidelity Asset Manager 50% FASMX 14.0% 6,600 0.71%
Fidelity Asset Manager 60% FSANX 14.0% 583 0.83%
Fidelity Asset Manager 70% FASGX 16.0% 2,800 0.80%
Fidelity Balanced FBALX 193.0% 19,900 0.61%
Fidelity Puritan FPURX 154.0% 18,800 0.60%
Franklin Templeton Moderate Allc Adv FMTZX 19.8% 2,300 0.92%
GE Instl Strategic Investment Inv GSIVX 187.0% 690 0.37%
GE Instl Strategic Investment Svc GSRVX 187.0% 690 0.62%
George Putnam Balanced Y PGEYX 176.0% 1,100 0.80%
Greenspring GRSPX 58.3% 722 0.93%
Hartford Balanced Allocation I HBAIX 36.0% 816 0.93%
Hartford Balanced Y IHAYX 43.0% 572 0.74%
Hartford Checks and Balances I HCKIX 19.0% 1,700 0.78%
ING Capital Allocation I ALEGX 59.0% 190 0.90%
Invesco Moderate Allocation Instl AMLIX 26.0% 751 0.82%
Janus Balanced Fund Class A JDBAX 94.0% 8,300 0.92%
Janus Balanced Fund Class I JBALX 94.0% 8,300 0.63%
Janus Balanced T JABAX 94.0% 8,300 0.84%
Janus Moderate Allocation Fund Class I JMOIX 15.0% 262 0.80%
JHancock Balanced I SVBIX 67.0% 926 0.78%
JPMorgan Diversified Instl JPDVX 76.0% 630 0.83%
Lord Abbett Balanced Strategy I LABYX 27.9% 1,300 0.91%
MainStay Income Builder Fund Class I MTOSZ 33.0% 648 0.83%
Mairs & Power Balanced Inv MAPOX 9.1% 210 0.80%
Manning & Napier Pro-Blend Extnd Term I MNBIX 65.0% 1,200 0.84%
MFS Total Return A MSFRX 24.0% 5,700 0.77%
MFS Total Return A MTR3Z 24.0% 5,700 0.77%
MFS Total Return I MTRIX 24.0% 5,700 0.52%
MFS Total Return R3 MSFHX 24.0% 5,700 0.77%
MFS Total Return R4 MSFJX 24.0% 5,700 0.52%
Nationwide Inv Dest Mod A NADMX 14.3% 1,500 0.73%
Nationwide Inv Dest Mod Svc NSDMX 14.3% 1,500 0.86%
Oakmark Equity & Income I OAKBX 47.0% 18,700 0.77%
Oppenheimer Moderate Inv Y OYMIX 12.0% 961 0.84%
Principal Diversified Real Asset Inst PDRDX 59.7% 1,100 0.87%
Prudential Asset Allocation Z PABFX 230.0% 314 0.86%
Putnam Dynamic Asset Allocation Bal Y PABYX 158.0% 1,200 0.82%
Russell LifePoints Bal Strat R1 RBLRX 9.0% 4,000 0.94%
Schwab Balanced SWOBX 53.0% 102 0.64%
Schwab MarketTrack Balanced Investor SWBGX 25.0% 414 0.69%
T. Rowe Price Balanced RPBAX 57.9% 3,100 0.66%
T. Rowe Price Capital Appreciation PRWCX 81.3% 12,300 0.72%
T. Rowe Price Personal Strat Balanced TRPBX 55.1% 1,500 0.76%
TIAA-CREF Managed Allc Inst TIMIX 10.0% 562 0.42%
TIAA-CREF Managed Allc Retail TIMRX 10.0% 562 0.67%
UBS US Allocation Y PWTYX 157.0% 276 0.73%
Vanguard Balanced Index Instl VBAIX 67.0% 15,900 0.08%
Vanguard Balanced Index Inv VBINX 67.0% 15,900 0.24%
Vanguard Balanced Index Signal VBASX 67.0% 15,900 0.10%
Vanguard LifeStrategy Moderate Gr Inv VSMGX 32.0% 8,200 0.16%
Vanguard STAR Inv VGSTX 24.0% 14,000 0.34%
Vanguard Wellington Adm VWENX 38.0% 59,300 0.19%
Vanguard Wellington Inv VWELX 38.0% 59,300 0.27%



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Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.