About MGOCX
NYLI WMC Enduring Capital Fund Class C is an actively managed mutual fund that predominantly invests in U.S. large-cap equities. Managed by New York Life Investments, the fund focuses on identifying "resilient businesses"—companies with strong balance sheets and skilled leadership, positioned to capitalize on reinvestment opportunities and withstand varied market cycles. The fund’s strategy is benchmark-agnostic, allowing for unconstrained sector allocations and resulting in a highly concentrated, high-conviction portfolio. As of recent disclosures, the portfolio holds around 31 stocks, with significant weights in sectors like technology, financial services, industrials, and consumer goods. Prominent holdings include companies such as Constellation Software, NVR Inc., Progressive Corp., and Berkshire Hathaway, reflecting its emphasis on quality and capital allocation prowess.
NYLI WMC Enduring Capital Fund Class C is categorized within the large blend segment, mirroring a broad cross-section of the U.S. stock market while maintaining the flexibility for active positioning. The fund appeals to investors seeking exposure to proven, enduring businesses through a process-intensive, actively managed approach. It is characterized by a high expense ratio compared to category peers and a level-load fee structure, with a contingent deferred sales charge applied if shares are redeemed within a year.
Fund Family New York Life Investment Management LLC
Category Large Blend
Performance Rating Low
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol MGOCX
Share Class Class C
Index S&P 500 TR
MGOCX had a total return of -2.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.34%.
