About MDAIX
NYLI Moderate ETF Allocation Fund Class I is a mutual fund designed as a fund of funds, seeking long-term growth of capital with secondary emphasis on current income. It provides a holistic portfolio solution by combining active asset allocation decisions with low-cost, passively managed index exchange-traded funds (ETFs) tailored to moderate risk tolerance. The fund normally allocates 50%-70% to equity ETFs and 30%-50% to fixed-income ETFs, targeting approximately 60% equities—including U.S. large-cap, mid-cap, international developed, and emerging markets—and 40% fixed income, such as aggregate bonds, corporate bonds, high-yield, and senior loans. Top holdings feature prominent ETFs like Vanguard Mega Cap ETF and iShares Core U.S. Aggregate Bond ETF. Managed by New York Life Investments' Multi-Asset Solutions team, it employs robust quantitative tools alongside qualitative analysis for strategic allocations with tactical adjustments, prioritizing risk mitigation. With an inception date of June 30, 2020, total net assets around $171-187 million, and an annual turnover of 84%, it falls within the Global Moderate Allocation category, offering institutional investors diversified exposure across equities and bonds while navigating market risks like asset allocation shifts and ETF-specific volatilities.
Fund Family New York Life Investment Management LLC
Category Mix Tgt All Mod
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol MDAIX
Share Class Class I
Index S&P 500 TR
MDAIX had a total return of 10.33% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.71%.
