NYLI Equity Allocation Class A (MGXAX)
| Fund Assets | 473.04M |
| Expense Ratio | 1.13% |
| Min. Investment | $15,000 |
| Turnover | 30.00% |
| Dividend (ttm) | 1.06 |
| Dividend Yield | 5.30% |
| Dividend Growth | -2.47% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 19.34 |
| YTD Return | 11.22% |
| 1-Year Return | 21.40% |
| 5-Year Return | 43.12% |
| 52-Week Low | 16.58 |
| 52-Week High | 19.70 |
| Beta (5Y) | 1.02 |
| Holdings | 31 |
| Inception Date | Apr 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.
Performance
MGXAX had a total return of 21.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.37%.
Top 10 Holdings
70.42% of assets| Name | Symbol | Weight |
|---|---|---|
| NYLI Candriam U.S. Mid Cap Equity ETF | IQSM | 10.06% |
| NYLI WMC Growth Class R6 | KLGDX | 8.51% |
| NYLI Candriam U.S. Large Cap Equity ETF | IQSU | 8.16% |
| NYLI WMC Small Companies Class I | MOPIX | 7.55% |
| NYLI U.S. Large Cap R&D Leaders ETF | LRND | 6.56% |
| NYLI WMC Value Class R6 | MMPDX | 6.36% |
| NYLI Epoch U.S. Equity Yield Class R6 | EPLDX | 6.04% |
| NYLI WMC International Research Equity Class I | MYIIX | 5.92% |
| NYLI S&P 500 Index Class I | MSPIX | 5.83% |
| NYLI Candriam Emerging Markets Equity Class R6 | MCYSX | 5.44% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $1.06084 | Dec 30, 2025 |
| Dec 30, 2024 | $1.0877 | Dec 30, 2024 |
| Dec 29, 2022 | $1.45833 | Dec 29, 2022 |
| Dec 30, 2021 | $2.24359 | Dec 30, 2021 |
| Dec 30, 2020 | $0.80868 | Dec 30, 2020 |
| Dec 30, 2019 | $0.8123 | Dec 30, 2019 |