NYLI S&P 500 Index Class A (MSXAX)
| Fund Assets | 1.74B |
| Expense Ratio | 0.54% |
| Min. Investment | $15,000 |
| Turnover | 3.00% |
| Dividend (ttm) | 3.26 |
| Dividend Yield | 4.63% |
| Dividend Growth | 52.03% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 5, 2024 |
| Previous Close | 69.52 |
| YTD Return | 10.81% |
| 1-Year Return | 18.38% |
| 5-Year Return | 98.64% |
| 52-Week Low | 53.12 |
| 52-Week High | 69.52 |
| Beta (5Y) | 1.02 |
| Holdings | 508 |
| Inception Date | Jan 2, 2004 |
About MSXAX
NYLI S&P 500 Index Fund Class A is a mutual fund designed to closely track the total return performance of the S&P 500 Index, one of the most widely followed benchmarks for the U.S. large-cap equity market. Its primary purpose is to provide investors broad exposure to 500 of the largest publicly traded U.S. companies, reflecting the composition and performance of the S&P 500 Index. This fund typically invests at least 80% of its assets in stocks that are included in the S&P 500, maintaining weights similar to the index, and may allocate up to 20% in options and futures contracts to enhance liquidity and manage trading costs. The fund is notable for its low expense ratio relative to category averages and is managed by a team of experienced investment professionals. Its portfolio is heavily allocated to key sectors such as technology, consumer cyclical, and communication services, mirroring the sector distribution of the S&P 500. Major holdings often include companies like Apple, Microsoft, NVIDIA, Amazon, and Meta Platforms. As a passive index fund, NYLI S&P 500 Index Fund Class A serves as a core portfolio holding for investors seeking diversified, cost-effective exposure to the U.S. equity market.
Performance
MSXAX had a total return of 18.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.97%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VFIAX | Vanguard | Vanguard 500 Index Fund | 0.04% |
Top 10 Holdings
36.17% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 7.25% |
| Microsoft Corporation | MSFT | 6.96% |
| Apple Inc. | AAPL | 5.77% |
| Amazon.com, Inc. | AMZN | 3.90% |
| Meta Platforms, Inc. | META | 3.02% |
| Broadcom Inc. | AVGO | 2.44% |
| Alphabet Inc. | GOOGL | 1.93% |
| Berkshire Hathaway Inc. | BRK.B | 1.68% |
| Tesla, Inc. | TSLA | 1.67% |
| Alphabet Inc. | GOOG | 1.57% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 5, 2024 | $3.25511 | Dec 5, 2024 |
| Dec 6, 2023 | $2.14111 | Dec 6, 2023 |
| Dec 7, 2022 | $4.51618 | Dec 7, 2022 |
| Dec 2, 2021 | $2.6301 | Dec 2, 2021 |
| Dec 2, 2020 | $4.25096 | Dec 2, 2020 |
| Dec 3, 2019 | $7.79922 | Dec 3, 2019 |