About MWFAX
NYLI Equity ETF Allocation Fund Class A is a mutual fund designed to pursue long-term capital growth through a diversified, multi-asset approach. Structured as a “fund of funds,” it primarily invests in a selection of unaffiliated, passively managed exchange-traded funds (ETFs), creating broad exposure across U.S., international, and sector equities. The fund leverages both active asset allocation and low-cost index ETFs, aiming to balance risk mitigation with consistent performance while accommodating varying risk tolerances.
The fund’s portfolio is managed by New York Life Investments’ Multi-Asset Solutions team, combining robust quantitative tools and qualitative analysis to adjust allocations strategically. Its holdings typically feature a significant weight in large-cap U.S. equities, with additional exposure to mid-cap, small-cap, and international markets. Its aggressive allocation category reflects a growth-oriented stance, making it a holistic solution for investors seeking diversified equity exposure within a single vehicle.
Offering a disciplined yet adaptive strategy, NYLI Equity ETF Allocation Fund Class A plays a key role for those seeking an actively managed, diversified equity mix through cost-effective ETFs in their investment portfolios.
Fund Family New York Life Investment Management LLC
Category Mix Tgt All Agg Gr
Performance Rating Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol MWFAX
Share Class Class A
Index S&P 500 TR
MWFAX had a total return of 15.01% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.92%.
