About MDARX
NYLI Moderate ETF Allocation Fund Class R3 is a mutual fund designed as a 'fund of funds' that primarily invests in low-cost, passively managed exchange-traded funds (ETFs) to pursue long-term growth of capital, with secondary emphasis on current income. It normally allocates approximately 60% of assets (ranging 50%-70%) to underlying equity ETFs covering large-cap, mid-cap, small-cap, international, and emerging market stocks, and 30%-50% to fixed-income ETFs including U.S. aggregate bonds, investment-grade corporates, high-yield bonds, and foreign bonds. Top holdings feature prominent ETFs like Vanguard Mega Cap ETF, iShares Core US Aggregate Bond ETF, and iShares Core MSCI EAFE ETF, providing diversified exposure across growth, value, and global sectors. Managed by New York Life Investments' Multi-Asset Solutions team, it employs a blend of active asset allocation, quantitative tools, and qualitative analysis for tactical adjustments while prioritizing risk mitigation. Belonging to the Global Moderate Allocation category, this fund serves as a holistic, balanced portfolio solution tailored to moderate risk tolerances, with an annual turnover rate around 84% and net assets supporting efficient operations.
Fund Family New York Life Investment Management LLC
Category Mix Tgt All Mod
Stock Exchange NASDAQ
Ticker Symbol MDARX
Share Class Class R3
Index S&P 500 TR
MDARX had a total return of 14.02% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.03%.
