NYLI Equity Allocation Investor Class (MGXNX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
17.64
-0.09 (-0.51%)
Aug 29, 2025, 4:00 PM EDT
-0.51%
Fund Assets454.14M
Expense Ratio1.27%
Min. Investment$1,000
Turnover30.00%
Dividend (ttm)1.05
Dividend Yield5.80%
Dividend Growthn/a
Payout Frequencyn/a
Ex-Dividend DateDec 30, 2024
Previous Close17.73
YTD Return8.69%
1-Year Return9.36%
5-Year Return55.31%
52-Week Low14.02
52-Week High18.28
Beta (5Y)n/a
Holdings29
Inception DateFeb 28, 2008

About MGXNX

NYLI Equity Allocation Fund Investor Class is an open-end mutual fund designed to deliver long-term capital growth. This fund operates as a "fund of funds," meaning it invests primarily in a diversified selection of other mutual funds, rather than directly holding stocks or bonds. Its strategy leverages access to a multi-boutique lineup of specialized institutional asset managers, each with distinct investment philosophies and expertise, contributing to a comprehensive and diversified equity exposure. Managed by a seasoned team, the fund dynamically allocates assets among underlying funds, focusing chiefly on the equity markets but maintaining some exposure to fixed income securities when appropriate. This approach aims to capture growth opportunities across various market sectors and capitalizations, while benefiting from the oversight and risk management of experienced professionals. The NYLI Equity Allocation Fund Investor Class holds particular significance for investors seeking a hands-off, actively managed equity allocation solution that draws on the knowledge base and resources of multiple institutional managers within a single portfolio.

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

Performance

MGXNX had a total return of 9.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.52%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
MGXIXClass I0.88%
MGXAXClass A1.13%
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$1.04862Dec 30, 2024
Dec 29, 2022$1.43218Dec 29, 2022
Dec 30, 2021$2.21188Dec 30, 2021
Dec 30, 2020$0.77439Dec 30, 2020
Dec 30, 2019$0.78926Dec 30, 2019
Dec 31, 2018$1.55438Dec 31, 2018
Full Dividend History