NYLI Growth Allocation SIMPLE Class (MGDSX)
| Fund Assets | 810.87M |
| Expense Ratio | 1.50% |
| Min. Investment | $1,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 1.19 |
| Dividend Yield | 7.53% |
| Dividend Growth | 1,363.34% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 15.87 |
| YTD Return | 4.43% |
| 1-Year Return | 5.22% |
| 5-Year Return | n/a |
| 52-Week Low | 13.38 |
| 52-Week High | 17.14 |
| Beta (5Y) | n/a |
| Holdings | 41 |
| Inception Date | Aug 31, 2020 |
About MGDSX
NYLI Growth Allocation Fund SIMPLE Class is an open-end mutual fund designed to provide investors with a blend of long-term capital growth and current income. As a fund of funds, it primarily allocates assets among a diversified selection of underlying mutual funds and exchange-traded funds managed by New York Life Investment Management LLC and its affiliates. This structure offers investors exposure to multiple asset classes—including domestic and international equities, fixed income securities, and cash equivalents—allowing for a well-balanced, globally diversified portfolio. The fund is actively managed, with portfolio allocations regularly monitored and adjusted according to quantitative and qualitative analysis of market conditions and economic trends. The investment process is disciplined, seeking to optimize returns while managing risk. The SIMPLE Class targets investors seeking a moderately aggressive allocation, typically maintaining a significant, but not exclusive, weighting in equities to favor growth potential. This approach is suitable for investors aiming for asset growth over time, while still recognizing a need for some income and risk moderation. The fund’s holdings are concentrated in top-performing funds, and its top ten holdings often represent a significant portion of total assets, reflecting a conviction-driven strategy.
Performance
MGDSX had a total return of 5.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.81%.
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 | $1.19423 | Dec 30, 2024 |
| Dec 28, 2023 | $0.08161 | Dec 28, 2023 |
| Dec 29, 2022 | $0.90172 | Dec 29, 2022 |
| Dec 30, 2021 | $1.72666 | Dec 30, 2021 |
| Dec 30, 2020 | $0.75408 | Dec 30, 2020 |