NYLI Growth Allocation Class C (MGDCX)
| Fund Assets | 850.23M |
| Expense Ratio | 2.00% |
| Min. Investment | $1,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 3.72% |
| Dividend Growth | -41.45% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 16.35 |
| YTD Return | 2.76% |
| 1-Year Return | 11.48% |
| 5-Year Return | 31.76% |
| 52-Week Low | 12.67 |
| 52-Week High | 16.54 |
| Beta (5Y) | n/a |
| Holdings | 37 |
| Inception Date | Apr 4, 2005 |
About MGDCX
NYLI Growth Allocation Fund Class C is a mutual fund designed to pursue long-term capital growth, with a secondary focus on generating current income. Structured as a "fund of funds," it primarily invests in a diversified mix of other mutual funds and exchange-traded funds managed by New York Life Investment Management and its affiliates. This approach leverages a roster of specialized institutional asset managers, offering investors well-balanced exposure to various asset classes, including equities and fixed income, both within the United States and internationally. The fund's asset allocation targets a blend aimed at capturing growth, while managers retain the flexibility to actively adjust allocations in response to changing market conditions. Falling within the global moderately aggressive allocation category, it typically maintains a significant allocation to equities, positioning it for growth while acknowledging moderate risk. The fund is actively managed by an experienced team, with oversight at both the underlying fund and overall allocation levels. NYLI Growth Allocation Fund Class C serves investors seeking a comprehensive, professionally managed solution that facilitates access to a broad array of market opportunities across sectors and regions.
Performance
MGDCX had a total return of 11.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.16%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIQWX | Fidelity | Fidelity Advisor Strategic Dividend & Income Fund - Class Z | 0.55% |
| FBKFX | Fidelity | Fidelity Balanced K6 Fund | 0.32% |
| FASDX | Fidelity | Fidelity Advisor Strategic Dividend & Income Fund - Class A | 0.92% |
| FTSDX | Fidelity | Fidelity Advisor Strategic Dividend & Income Fund - Class M | 1.17% |
| FASGX | Fidelity | Fidelity Asset Manager 70% | 0.64% |
Top 10 Holdings
61.56% of assets| Name | Symbol | Weight |
|---|---|---|
| Mainstay Funds Trust - Main US Government Liquidity Fund | MUSXX | 10.21% |
| NYLI WMC Growth Class R6 | KLGDX | 6.35% |
| NYLI Winslow Large Cap Growth ETF | IWLG | 6.32% |
| NYLI Candriam U.S. Large Cap Equity ETF | IQSU | 5.78% |
| NYLI Fiera SMID Growth Class R6 | APSDX | 5.75% |
| NYLI WMC Small Companies Class I | MOPIX | 5.59% |
| NYLI Candriam U.S. Mid Cap Equity ETF | IQSM | 5.44% |
| NYLI PineStone U.S. Equity Class R6 | FCUDX | 5.44% |
| NYLI WMC Value Class R6 | MMPDX | 5.41% |
| NYLI Epoch U.S. Equity Yield Class R6 | EPLDX | 5.29% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.60975 | Dec 30, 2025 |
| Dec 30, 2024 | $1.04134 | Dec 30, 2024 |
| Dec 28, 2023 | $0.02122 | Dec 28, 2023 |
| Dec 29, 2022 | $0.8321 | Dec 29, 2022 |
| Dec 30, 2021 | $1.6414 | Dec 30, 2021 |
| Dec 30, 2020 | $0.67621 | Dec 30, 2020 |