The NYLI WMC Growth Fund is an open-end mutual fund focused on investing in high-quality, large-cap U.S. companies with strong growth potential. Its primary function is to generate consistent, long-term returns by targeting sustainable growth companies. The fund often invests in sectors such as technology, healthcare, and consumer cyclical industries, which are crucial for the U.S. economy. With a portfolio typically consisting of 60-80 securities, it emphasizes competitive barriers to entry and compelling business models. The fund plays a significant role in the financial market by providing investors with a diversified exposure to growth-oriented equities, which can help build wealth over time.