NYLI Moderate ETF Allocation SIMPLE Cl (MDAVX)
| Fund Assets | 196.08M |
| Expense Ratio | 1.19% |
| Min. Investment | $0.00 |
| Turnover | 84.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 3.42% |
| Dividend Growth | 88.76% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 13.98 |
| YTD Return | 2.49% |
| 1-Year Return | 14.07% |
| 5-Year Return | 33.09% |
| 52-Week Low | 11.03 |
| 52-Week High | 14.09 |
| Beta (5Y) | n/a |
| Holdings | 18 |
| Inception Date | Aug 31, 2020 |
About MDAVX
NYLI Moderate ETF Allocation SIMPLE Class is a mutual fund designed to provide investors with a balanced, diversified approach to asset allocation. Its primary objective is long-term growth of capital, while also seeking to provide current income. The fund utilizes a fund-of-funds strategy, typically allocating about 60% of its assets to underlying equity ETFs and around 40% to fixed-income ETFs, though these allocations may flex within specified ranges depending on market conditions. This structure gives investors exposure to both stock market appreciation potential and the relative stability of bonds. Managed by New York Life Investment Management, the fund combines active asset allocation decisions with low-cost index ETFs, leveraging both quantitative tools and qualitative analysis for disciplined risk management. The fund is especially suited for investors with a moderate risk tolerance who seek a single, holistic portfolio solution spanning U.S. and international equities as well as fixed-income securities. Portfolio adjustments are made in response to market shifts, aiming for consistency and risk mitigation over time. The fund pays dividends annually and features a relatively low minimum investment requirement, broadening accessibility for various investors.
Performance
MDAVX had a total return of 14.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.01%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FSCNX | Fidelity | Fidelity Advisor Asset Manager 60% - Class C | 1.69% |
| FFTMX | Fidelity | Fidelity Advisor Asset Manager 50% - Class M | 1.08% |
| FSATX | Fidelity | Fidelity Advisor Asset Manager 60% - Class M | 1.19% |
| SWCGX | Schwab | Schwab MarketTrack Conservative Portfolio™ | 0.50% |
| SWBGX | Schwab | Schwab MarketTrack Balanced Portfolio™ | 0.48% |
Top 10 Holdings
90.33% of assets| Name | Symbol | Weight |
|---|---|---|
| Vanguard Mega Cap ETF | MGC | 29.59% |
| iShares Core U.S. Aggregate Bond ETF | AGG | 18.64% |
| iShares Core MSCI EAFE ETF | IEFA | 11.43% |
| Vanguard Mid-Cap ETF | VO | 6.35% |
| Invesco Senior Loan ETF | BKLN | 4.98% |
| iShares Broad USD Investment Grade Corporate Bond ETF | USIG | 4.64% |
| Schwab U.S. Small-Cap ETF | SCHA | 4.01% |
| Mainstay Funds Trust - Main US Government Liquidity Fund | MUSXX | 3.73% |
| iShares Core MSCI Emerging Markets ETF | IEMG | 3.52% |
| Short-Term Investment Trust - Invesco Government & Agency Portfolio | AGPXX | 3.43% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.47897 | Dec 30, 2025 |
| Dec 30, 2024 | $0.25374 | Dec 30, 2024 |
| Dec 28, 2023 | $0.22457 | Dec 28, 2023 |
| Dec 29, 2022 | $0.15996 | Dec 29, 2022 |
| Dec 30, 2021 | $0.13661 | Dec 30, 2021 |
| Dec 30, 2020 | $0.05986 | Dec 30, 2020 |