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
Stock Exchange NASDAQ
Ticker Symbol MWFAX
Share Class Class A
Index S&P 500 TR
MWFAX had a total return of 10.06% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.96%.
