NYLI Growth Allocation Investor Class (MGDNX)
| Fund Assets | 810.87M |
| Expense Ratio | 1.25% |
| Min. Investment | $1,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 1.18 |
| Dividend Yield | 7.25% |
| Dividend Growth | 1,090.72% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 15.86 |
| YTD Return | 5.09% |
| 1-Year Return | 5.93% |
| 5-Year Return | 51.67% |
| 52-Week Low | 13.39 |
| 52-Week High | 17.13 |
| Beta (5Y) | 0.80 |
| Holdings | 41 |
| Inception Date | Feb 28, 2008 |
About MGDNX
The New York Life Investments NYLI Growth Allocation Fund is an open-end mutual fund designed to provide investors with both long-term capital appreciation and, secondarily, current income. This “fund of funds” primarily invests in a diversified blend of underlying mutual funds and exchange-traded funds managed by New York Life Investments and its affiliates, targeting a specific asset allocation that can be actively adjusted in response to shifting market conditions. The fund typically maintains a significant allocation to equities—generally between 70% and 90% of its assets—while also including exposure to fixed income and cash equivalents for balance and risk management. The strategy is overseen by a seasoned team leveraging both quantitative analysis and qualitative expertise, aiming to deliver consistent performance by adapting asset mixes as needed. The fund’s holistic approach and multi-asset focus make it a relevant choice for investors seeking growth-oriented exposure with built-in diversification and professional oversight across a broad spectrum of sectors and industries.
Performance
MGDNX had a total return of 5.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.98%.
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 | 0.56% |
| 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% Fund | 0.64% |
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 | $1.18203 | Dec 30, 2024 |
| Dec 28, 2023 | $0.09927 | Dec 28, 2023 |
| Dec 29, 2022 | $0.93775 | Dec 29, 2022 |
| Dec 30, 2021 | $1.7693 | Dec 30, 2021 |
| Dec 30, 2020 | $0.78365 | Dec 30, 2020 |
| Dec 30, 2019 | $0.60691 | Dec 30, 2019 |