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Trending ETFs

NYLI Growth Allocation Fund

mutual fund
MGDIX
Payout Change
Pending
Price as of:
$17.22 -0.07 -0.4%
primary theme
U.S. Growth/Balanced Allocation
MGDIX (Mutual Fund)

NYLI Growth Allocation Fund

Payout Change
Pending
Price as of:
$17.22 -0.07 -0.4%
primary theme
U.S. Growth/Balanced Allocation
MGDIX (Mutual Fund)

NYLI Growth Allocation Fund

Payout Change
Pending
Price as of:
$17.22 -0.07 -0.4%
primary theme
U.S. Growth/Balanced Allocation

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.22

$837 M

0.82%

$0.14

0.62%

Vitals

YTD Return

14.7%

1 yr return

18.7%

3 Yr Avg Return

4.7%

5 Yr Avg Return

8.8%

Net Assets

$837 M

Holdings in Top 10

58.5%

52 WEEK LOW AND HIGH

$17.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.62%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 29.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.22

$837 M

0.82%

$0.14

0.62%

MGDIX - Profile

Distributions

  • YTD Total Return 14.7%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 8.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.23%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    NYLI Growth Allocation Fund
  • Fund Family Name
    MainStay Group of Funds
  • Inception Date
    Apr 04, 2005
  • Shares Outstanding
    485267
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jonathan Swaney

Fund Description

The Fund is a "fund of funds" that seeks to achieve its investment objective by investing primarily in mutual funds and exchange-traded funds managed by New York Life Investment Management LLC (“New York Life Investments”) or its affiliates (the "Underlying Funds"). The Underlying Funds are described and offered for direct investment in separate prospectuses. The Fund is designed for investors with a particular risk profile as represented by the asset class allocations described below, and invests in a distinct mix of Underlying Funds.

The Fund seeks to achieve its investment objective by normally investing approximately 80% (within a range of 70% to 90%) of its assets in Underlying Equity Funds and approximately 20% (within a range of 10% to 30%) of its assets in Underlying Fixed-Income Funds. The Fund may invest approximately 20% (within a range of 10% to 30%) of its assets in Underlying International Equity Funds. New York Life Investments may change the asset class allocations, the Underlying Funds in which the Fund invests, or the target weighting without approval from shareholders. With respect to investments in Underlying Funds that invest significantly in both U.S. and non-U.S. equity securities, New York Life Investments will generally allocate such investments equally between Underlying U.S. Equity Funds and International Equity Funds.

New York Life Investments will determine each Underlying Fund’s asset class, and for Underlying Funds that may potentially fall into multiple asset classes, New York Life Investments will classify them based on certain factors, including, but not limited to, the Underlying Fund's investment strategy and portfolio characteristics. The Underlying Funds may engage in strategies involving non-traditional asset classes (e.g., master limited partnerships), non-traditional investment strategies (e.g., non-correlated returns or short sales) or illiquid assets.

New York Life Investments uses a two-step asset allocation process to create the Fund's portfolio. The first step includes a strategic review of the target allocations to the equity and fixed-income asset classes and a determination of any tactical allocation adjustments to establish the portion of the Fund's investable portfolio (meaning the Fund's assets available for investment, other than working cash balances) to be invested in each asset class.

The following table illustrates the Fund's target allocations among asset classes (the target allocations and/or actual holdings will vary from time to time as a result of the tactical allocation process, although these variations will remain within the ranges described above):

U.S. Equity

International Equity

Total Equity

Fixed-Income

MainStay Growth Allocation Fund

60%

20%

80%

20%

The second step in the Fund's portfolio construction process involves the actual selection of Underlying Funds to represent the asset classes indicated above and determination of target weightings among the Underlying Funds. The Fund may invest in any or all of the Underlying Funds within an asset class, but will not normally invest in every Underlying Fund at one time. Selection of individual Underlying Funds is based on several factors, including, but not limited to, past performance and total portfolio characteristics (e.g., size, style, credit quality and duration). For cash management purposes, the Fund may hold a portion of its assets in U.S. government securities, cash or cash equivalents. The Fund also may invest in Underlying Funds that are money market funds.

New York Life Investments monitors the Fund's portfolio daily to ensure that the Fund's actual asset class allocations among the Underlying Funds continue to conform to the Fund's target allocations over time and may periodically adjust target asset class allocations based on various quantitative and qualitative data relating to the U.S. and international economies, securities markets, and various segments within those markets. In response to adverse market or other conditions, the Fund may, regardless of its normal asset class allocations, temporarily hold all or a portion of its assets in U.S. government securities, money market funds, cash, or cash equivalents. In connection with the asset allocation process, the Fund may from time to time invest more than 25% of its assets in one Underlying Fund.

The Fund may invest in derivatives, such as total return swaps, to seek to enhance returns or reduce the risk of loss by hedging certain of its holdings.

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MGDIX - Performance

Return Ranking - Trailing

Period MGDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.7% 2.7% 26.6% 62.98%
1 Yr 18.7% 4.9% 38.3% 61.94%
3 Yr 4.7%* -8.4% 11.5% 53.74%
5 Yr 8.8%* 2.0% 13.8% 37.93%
10 Yr 7.4%* 1.2% 11.9% 55.14%

* Annualized

Return Ranking - Calendar

Period MGDIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.1% -6.9% 29.3% 36.81%
2022 -20.4% -37.4% -8.2% 46.26%
2021 5.0% -9.8% 25.4% 65.22%
2020 7.9% -21.0% 25.4% 46.74%
2019 16.1% -8.3% 27.9% 31.89%

Total Return Ranking - Trailing

Period MGDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.7% 2.7% 26.6% 62.98%
1 Yr 18.7% 4.9% 38.3% 61.94%
3 Yr 4.7%* -8.4% 11.5% 53.74%
5 Yr 8.8%* 2.0% 13.8% 37.93%
10 Yr 7.4%* 1.2% 11.9% 55.14%

* Annualized

Total Return Ranking - Calendar

Period MGDIX Return Category Return Low Category Return High Rank in Category (%)
2023 15.3% -0.9% 33.0% 56.25%
2022 -14.3% -36.0% -0.9% 29.89%
2021 16.7% -7.8% 33.9% 36.59%
2020 13.8% -16.2% 25.4% 41.76%
2019 34.8% 7.3% 34.8% 0.39%

NAV & Total Return History


MGDIX - Holdings

Concentration Analysis

MGDIX Category Low Category High MGDIX % Rank
Net Assets 837 M 1.43 M 120 B 57.44%
Number of Holdings 48 4 2696 35.99%
Net Assets in Top 10 498 M 1.28 M 27.7 B 60.55%
Weighting of Top 10 58.55% 19.7% 118.4% 61.25%

Top 10 Holdings

  1. MainStay U.S. Government Liquidity Fund, Class I 9.45%
  2. MainStay WMC Small Companies Fund Initial Class 5.70%
  3. IQ Candriam U.S. Mid Cap Equity ETF 5.68%
  4. MainStay Fiera SMID Growth Fund, Class R6 5.52%
  5. MainStay WMC Value Fund, Class R6 5.46%
  6. MainStay WMC Enduring Capital Fund, Class R6 5.46%
  7. MainStay Epoch U.S. Equity Yield Fund, Class R6 5.45%
  8. MainStay PineStone U.S. Equity Fund, Class R6 5.41%
  9. IQ Candriam U.S. Large Cap Equity ETF 5.28%
  10. MainStay WMC Growth Fund, Class R6 5.14%

Asset Allocation

Weighting Return Low Return High MGDIX % Rank
Cash
9.98% 0.00% 100.00% 3.46%
Convertible Bonds
0.24% 0.00% 26.48% 66.20%
Other
0.01% -0.25% 26.93% 26.30%
Stocks
0.00% 0.00% 100.10% 94.12%
Preferred Stocks
0.00% 0.00% 16.57% 58.13%
Bonds
0.00% 0.00% 102.71% 67.47%

MGDIX - Expenses

Operational Fees

MGDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.04% 4.67% 83.04%
Management Fee 0.00% 0.00% 1.25% 11.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.25% N/A

Sales Fees

MGDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MGDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MGDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.00% 4.00% 236.00% 51.65%

MGDIX - Distributions

Dividend Yield Analysis

MGDIX Category Low Category High MGDIX % Rank
Dividend Yield 0.82% 0.00% 10.22% 80.97%

Dividend Distribution Analysis

MGDIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

MGDIX Category Low Category High MGDIX % Rank
Net Income Ratio 1.23% -1.12% 6.07% 37.14%

Capital Gain Distribution Analysis

MGDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

MGDIX - Fund Manager Analysis

Managers

Jonathan Swaney


Start Date

Tenure

Tenure Rank

Apr 04, 2005

17.17

17.2%

Jonathan Swaney was an employee of New York Life Investments from 1997-2009 and was responsible both for managing quantitative equity portfolios and performing research at New York Life Investments’ Equity Investors Group. Also within New York Life Investments, Mr. Swaney previously worked with the Investment Consulting Group and was a portfolio manager with the Quantitative Strategies unit. In 2009, Mr. Swaney joined Madison Square Investors LLC, an indirect, wholly-owned subsidiary of New York Life. While at Madison Square Investors LLC, Mr. Swaney was responsible both for managing quantitative equity portfolios and performing research. In January 2011, Mr. Swaney re-joined New York Life Investments as part of the Investment Consulting Group. Mr. Swaney began his career in financil services working on the fixed income desk at the Vanguard Group after earned his B.A. in Political Science from The College of William & Mary in 1991. He also spent several years with a hedge fund of funds before coming to New York Life Investments in 1997.

Jae Yoon


Start Date

Tenure

Tenure Rank

Jan 01, 2011

11.42

11.4%

Jae Yoon, CFA. From 2005-2009, Mr. Yoon was employed by New York Life Investments where he led the Investment Consulting Group. In 2009, Mr. Yoon joined MacKay Shields LLC as a Senior Managing Director responsible for Risk Management. In his role at MacKay Shields, Mr. Yoon worked side-by-side with the portfolio managers directly enhancing the risk management processes across all portfolios. In January 2011, Mr. Yoon re-joined New York Life Investments and leads the Investment Consulting Group. Mr. Yoon obtained a B.S. and a Masters degree from Cornell University and attended New York University’s Stern School of Business MBA program. He earned his Chartered Financial Analyst designation in 1998 and has been in the investment industry since 1991.

Poul Kristensen


Start Date

Tenure

Tenure Rank

Feb 28, 2013

9.26

9.3%

Poul Kristensen joined New York Life Investments in 2011 as a Director in the Multi-Asset Solutions Group. Mr. Kristensen is currently a Managing Director and focuses on global macroeconomic trends and investment strategy. Prior to joining New York Life Investments, he worked as a senior investment strategist for Danske Bank where he advised major pension funds on asset allocation. Mr. Kristensen holds a Master’s degree in economics from Asrhus University in Denmark, is a CFA charterholder and is also certified in quantitative finance (CQF designation).

Amit Soni


Start Date

Tenure

Tenure Rank

Feb 29, 2016

6.25

6.3%

Amit Soni joined New York Life Investments in 2013 as a Senior Associate in the Strategic Asset Allocation and Solutions Group. Mr. Soni focuses on quantitative and macro-economic investment research and portfolio management for the funds managed by the team. Prior to joining New York Life Investments, he worked as an Investment Associate in the Global Asset Allocation group at Putnam Investments. He holds a Master’s degree from the Massachusetts Institute of Technology in Computation for Design and Optimization and a Bachelors degree from the Indian Institute of Technology Kanpur (India) in Mechanical Engineering. He holds the CFA® designation and has been in the investment industry since 2008.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 38.44 7.38 2.41