About MCSSX
NYLI WMC Enduring Capital Investor Class is a mutual fund designed to provide long-term capital growth by investing predominantly in U.S. large-cap equities. The fund aims to build a concentrated portfolio of resilient businesses—companies characterized by conservative balance sheets, skilled leadership, and strong capital allocation practices—positioning itself with a decades-long investment horizon. It follows a benchmark-agnostic approach, granting the investment team flexibility to overweight or underweight sectors based on their convictions, which typically results in a high active share relative to broad indices.
The fund maintains a focused selection of holdings across various industries, including technology, financial services, industrials, consumer cyclical, and basic materials. Notable sector allocations often align with high-quality, cash-generative companies. The fund is actively managed by a team within Wellington Management, leveraging the resources of a major global asset manager while maintaining autonomy over its investment process. Categorized by Morningstar as "Large Blend," it seeks to mirror the broader U.S. equity market's features in terms of company size and growth/value balance. Annual turnover is typically low, reflecting the fund's long-term perspective and emphasis on durable business models. The investor share class charges an above-average expense ratio, and distributions are made annually.
Fund Family New York Life Investment Management LLC
Category Large Blend
Performance Rating Low
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol MCSSX
Share Class Investor Class
Index S&P 500 TR
MCSSX had a total return of 2.86% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.14%.
