Fund Evaluator:

NYLI Income Builder SIMPLE Class Overview

NYLI Income Builder SIMPLE Class (MTISX) is an actively managed Allocation Global Moderate Allocation fund. New York Life Investment Management LLC launched the fund in 2020.

The investment seeks current income consistent with reasonable opportunity for future growth of capital and income. The fund normally invests a minimum of 30% of its net assets in equity securities and a minimum of 30% of its net assets in debt securities. From time to time, it may temporarily invest less than 30% of its net assets in equity or debt securities as a result of market conditions, individual securities transactions or cash flow considerations.

About NYLI Income Builder SIMPLE Class (MTISX)

There are 12 members of the management team with an average tenure of 3.50 years: Neil Moriarty (2018), Migene Kim (2025), Kera Van Valen (2014), William Booth (2026), Michael Jin (2024), Michael DePalma (2023), Amit Soni (2026), Lesya Paisley (2025), Lin Lin (2024), Zach Aronson (2025), Cameron White (2025), Jonathan Swaney (2018). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. NYLI Income Builder SIMPLE Class has 644 securities in its portfolio. The top 10 holdings constitute 15.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

NYLI Income Builder SIMPLE Class is part of the Allocation global asset class and is within the Allocation fund group. NYLI Income Builder SIMPLE Class has 24.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 39.6%. There is 19.8% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 36.7% (32.4% domestic bond, 4.3% foreign bond and 0.0% convertible bond). NYLI Income Builder SIMPLE Class has 3.7% of the portfolio in cash.

Assets Under Management

The fund has $290 million in total assets, which is below the $947 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MTISX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The NYLI Income Builder SIMPLE Class expense ratio is high compared to funds in the Global Moderate Allocation category. NYLI Income Builder SIMPLE Class has an expense ratio of 1.28%, which is 23% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. NYLI Income Builder SIMPLE Class has a portfolio turnover rate of 50%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.

Recently, in the month of July 2026, NYLI Income Builder SIMPLE Class returned 0.2%, which earned it a grade of B, as the Global Moderate Allocation category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

NYLI Income Builder SIMPLE Class has a trailing yield of 2.20%, which is below the 2.61% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

NYLI Income Builder SIMPLE Class Grades

Year to date, the fund has returned 14.1%, 6.0 percentage points better than the category, which translates into a grade of A. The fund has returned 22.6% over the past year (grade of A), 15.0% over the past three years (grade of A) and 7.1% per year over the past five years (grade of B) and 7.2% per year over the past 10 years (grade of C).

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