NYLI Growth Allocation Investor Class (MGDNX)

Fund Assets	850.23M
Expense Ratio	1.25%
Min. Investment	$1,000
Turnover	32.00%
Dividend (ttm)	0.15
Dividend Yield	0.82%
Dividend Growth	-54.23%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	18.14
YTD Return	11.97%
1-Year Return	17.09%
5-Year Return	37.74%
52-Week Low	15.55
52-Week High	18.34
Beta (5Y)	0.82
Holdings	40
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.

• Fund Family: New York Life Investment Management LLC
• Category: Mix Tgt All Gro
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: MGDNX
• Share Class: Investor Class
• Index: S&P 500 TR

Performance

MGDNX had a total return of 17.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.63%.

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 Div & Inc Z	0.55%
FBKFX	Fidelity	Fidelity Balanced K6 Fund	0.32%
FASDX	Fidelity	Fidelity Advisor Strategic Div & Inc A	0.92%
FTSDX	Fidelity	Fidelity Advisor Strategic Div & Inc M	1.17%
FASGX	Fidelity	Fidelity Asset Manager 70%	0.63%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MGDIX	Class I	0.82%
MGDAX	Class A	1.07%
MGDSX	Simple Class	1.50%
MGDCX	Class C	2.00%

Top 10 Holdings

62.93% of assets

Name	Symbol	Weight
NYLI U.S. Government Liquidity Class I	MUSXX	9.74%
NYLI Candriam U.S. Mid Cap Equity ETF	IQSM	8.52%
NYLI U.S. Large Cap R&D Leaders ETF	LRND	7.31%
NYLI Candriam U.S. Large Cap Equity ETF	IQSU	6.75%
NYLI WMC Growth Class R6	KLGDX	5.92%
NYLI WMC Small Companies Class I	MOPIX	5.59%
NYLI S&P 500 Index Class I	MSPIX	4.97%
NYLI Floating Rate Class R6	MXFEX	4.85%
NYLI Candriam International Equity ETF	IQSI	4.79%
NYLI Epoch International Choice Class I	ICEUX	4.48%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.75606	Dec 30, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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