NYLI Equity Allocation Class A (MGXAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
17.68
-0.09 (-0.51%)
Aug 29, 2025, 9:30 AM EDT
-0.51%
Fund Assets454.14M
Expense Ratio1.13%
Min. Investment$15,000
Turnover30.00%
Dividend (ttm)1.09
Dividend Yield5.97%
Dividend Growthn/a
Payout Frequencyn/a
Ex-Dividend DateDec 30, 2024
Previous Close17.77
YTD Return8.87%
1-Year Return9.60%
5-Year Return56.64%
52-Week Low14.04
52-Week High18.33
Beta (5Y)n/a
Holdings29
Inception DateApr 4, 2005

About MGXAX

NYLI Equity Allocation Fund Class A is a diversified mutual fund designed to seek long-term capital growth by investing primarily in a wide mix of equity securities. Structured as a fund-of-funds, it achieves its objective by allocating assets across a selection of underlying mutual funds and exchange-traded funds managed by New York Life Investments. This approach enables broad exposure to various segments of the equity market, including large-cap, mid-cap, and small-cap U.S. stocks, with the flexibility to allocate approximately 15% to 35% of assets to international equities, targeting up to 25% under typical conditions. The fund harnesses the expertise of multiple seasoned asset managers who actively oversee both portfolio selection and tactical allocation decisions to reflect shifts in market conditions and investment opportunities. With assets distributed among several specialized strategies, the fund is positioned within the aggressive allocation category and caters to investors seeking comprehensive equity market participation through a single, professionally managed vehicle.

Fund Family New York Life Investment Management LLC
Category Mix Tgt All Agg Gr
Stock Exchange NASDAQ
Ticker Symbol MGXAX
Share Class Class A
Index S&P 500 TR

Performance

MGXAX had a total return of 9.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.92%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
MGXIXClass I0.88%
MGXNXInvestor Class1.27%
MGXSXSimple Class1.52%
MGXCXClass C2.02%

Top 10 Holdings

68.81% of assets
NameSymbolWeight
NYLI WMC Growth Class R6KLGDX7.26%
NYLI WMC Small Companies Class IMOPIX7.12%
NYLI PineStone U.S. Equity Class R6FCUDX7.11%
NYLI Candriam U.S. Large Cap Equity ETFIQSU7.10%
NYLI WMC Value Class R6MMPDX7.09%
NYLI Epoch U.S. Equity Yield Class R6EPLDX7.08%
NYLI Candriam U.S. Mid Cap Equity ETFIQSM7.01%
NYLI WMC Enduring Capital Class R6MCSDX7.00%
NYLI Fiera SMID Growth Class R6APSDX6.94%
NYLI Candriam Emerging Markets Eq Cl R6MCYSX5.10%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 30, 2024$1.0877Dec 30, 2024
Dec 29, 2022$1.45833Dec 29, 2022
Dec 30, 2021$2.24359Dec 30, 2021
Dec 30, 2020$0.80868Dec 30, 2020
Dec 30, 2019$0.8123Dec 30, 2019
Dec 31, 2018$1.5805Dec 31, 2018
Full Dividend History