NYLI Equity Allocation Class C (MGXCX)
| Fund Assets | 443.65M |
| Expense Ratio | 2.02% |
| Min. Investment | $1,000 |
| Turnover | 30.00% |
| Dividend (ttm) | 0.91 |
| Dividend Yield | 5.53% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 16.47 |
| YTD Return | 4.90% |
| 1-Year Return | 7.37% |
| 5-Year Return | 57.60% |
| 52-Week Low | 13.38 |
| 52-Week High | 17.39 |
| Beta (5Y) | 0.97 |
| Holdings | 30 |
| Inception Date | Apr 4, 2005 |
About MGXCX
NYLI Equity Allocation Fund Class C is a mutual fund designed to provide long-term capital growth through a diversified approach. As a "fund of funds," it invests primarily in a range of underlying equity mutual funds and ETFs managed by New York Life Investments and its affiliates. Typically, the fund allocates between 90% and 100% of its assets to equity funds, with the flexibility to invest approximately 15% to 35% in international equity funds and up to 10% in fixed-income funds. The fund leverages a multi-boutique investment model, partnering with specialized institutional asset managers, each bringing distinct investment styles and philosophies. Active management is emphasized both at the underlying fund level and through asset allocation decisions made by seasoned professionals. This approach aims to offer diversified equity exposure across market capitalizations and geographies, mitigating risk while seeking consistent returns. The fund is categorized within the "Aggressive Allocation" segment, making it suitable for investors looking for broad, equity-oriented diversification within a single solution. With annual turnover around 30% and annual distributions, the fund provides a packaged investment solution that plays a key role for those seeking growth through a mix of U.S. and international equities.
Performance
MGXCX had a total return of 7.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.18%.
Top 10 Holdings
67.61% of assets| Name | Symbol | Weight |
|---|---|---|
| NYLI WMC Enduring Capital Class R6 | MCSDX | 7.32% |
| NYLI WMC Value Class R6 | MMPDX | 7.15% |
| NYLI Epoch U.S. Equity Yield Class R6 | EPLDX | 7.12% |
| NYLI PineStone U.S. Equity Class R6 | FCUDX | 7.12% |
| NYLI Candriam U.S. Large Cap Equity ETF | IQSU | 7.03% |
| NYLI WMC Growth Class R6 | KLGDX | 7.03% |
| NYLI Candriam U.S. Mid Cap Equity ETF | IQSM | 6.73% |
| NYLI Fiera SMID Growth Class R6 | APSDX | 6.68% |
| NYLI WMC Small Companies Class I | MOPIX | 6.46% |
| NYLI Candriam Emerging Markets Equity Class R6 | MCYSX | 4.97% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $0.9105 | Dec 30, 2024 |
| Dec 29, 2022 | $1.31681 | Dec 29, 2022 |
| Dec 30, 2021 | $2.07198 | Dec 30, 2021 |
| Dec 30, 2020 | $0.73194 | Dec 30, 2020 |
| Dec 30, 2019 | $0.6655 | Dec 30, 2019 |
| Dec 31, 2018 | $1.42056 | Dec 31, 2018 |