NYLI Growth Allocation Class I (MGDIX)
| Fund Assets | 810.87M |
| Expense Ratio | 0.82% |
| Min. Investment | $1,000,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 1.26 |
| Dividend Yield | 7.84% |
| Dividend Growth | 671.06% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 16.12 |
| YTD Return | 4.71% |
| 1-Year Return | 5.74% |
| 5-Year Return | 53.39% |
| 52-Week Low | 13.57 |
| 52-Week High | 17.41 |
| Beta (5Y) | n/a |
| Holdings | 41 |
| Inception Date | Apr 4, 2005 |
About MGDIX
NYLI Growth Allocation Fund Class I is a mutual fund designed to pursue long-term capital growth, with current income as a secondary objective. Structured as a “fund of funds,” it primarily invests in a diversified mix of underlying mutual funds and exchange-traded funds managed by New York Life Investments. The fund targets approximately 80% of its assets in equity funds—spanning both U.S. and international markets—and the remaining 20% in fixed income funds. Its asset allocation can be tactically adjusted within a specified range (70–90% equity, 10–30% fixed income) based on evolving market conditions. The fund leverages a multi-boutique approach, drawing on a selection of specialized asset management teams, each contributing distinct investment philosophies and expertise. Seasoned managers actively oversee both the selection of underlying funds and allocation decisions, aiming to strike an effective risk-return balance. Classified in the moderately aggressive allocation category, the fund is structured to address the needs of investors seeking well-balanced exposure to equities and bonds across diverse sectors and geographies. This makes it a significant vehicle for those looking for a professionally managed, diversified portfolio that dynamically adapts to market opportunities and risks.
Performance
MGDIX had a total return of 5.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.80%.
Top 10 Holdings
59.43% of assets| Name | Symbol | Weight |
|---|---|---|
| Mainstay Funds Trust - Main US Government Liquidity Fund | MUSXX | 9.59% |
| NYLI WMC Enduring Capital Class R6 | MCSDX | 5.78% |
| NYLI WMC Growth Class R6 | KLGDX | 5.66% |
| NYLI WMC Value Class R6 | MMPDX | 5.63% |
| NYLI Epoch U.S. Equity Yield Class R6 | EPLDX | 5.62% |
| NYLI PineStone U.S. Equity Class R6 | FCUDX | 5.61% |
| NYLI Candriam U.S. Large Cap Equity ETF | IQSU | 5.58% |
| NYLI Fiera SMID Growth Class R6 | APSDX | 5.41% |
| NYLI Candriam U.S. Mid Cap Equity ETF | IQSM | 5.32% |
| NYLI WMC Small Companies Class I | MOPIX | 5.23% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $1.26461 | Dec 30, 2024 |
| Dec 28, 2023 | $0.16401 | Dec 28, 2023 |
| Dec 29, 2022 | $1.00261 | Dec 29, 2022 |
| Dec 30, 2021 | $1.84604 | Dec 30, 2021 |
| Dec 30, 2020 | $0.85744 | Dec 30, 2020 |
| Dec 30, 2019 | $0.66872 | Dec 30, 2019 |