NYLI Equity ETF Allocation Class R3 (MWFQX)
| Fund Assets | 111.22M |
| Expense Ratio | 1.29% |
| Min. Investment | $1,000 |
| Turnover | 49.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 1.90% |
| Dividend Growth | 186.28% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 16.64 |
| YTD Return | 7.79% |
| 1-Year Return | 9.63% |
| 5-Year Return | 66.94% |
| 52-Week Low | 13.24 |
| 52-Week High | 16.66 |
| Beta (5Y) | n/a |
| Holdings | 14 |
| Inception Date | Jun 30, 2020 |
About MWFQX
NYLI Equity ETF Allocation Fund Class R3 is a mutual fund designed to provide a holistic portfolio solution by blending active asset allocation with investments in low-cost, passively managed exchange-traded funds (ETFs). Its primary objective is long-term capital growth, catering to investors seeking an aggressive allocation strategy. The fund employs a disciplined process that leverages both quantitative and qualitative analysis, enabling it to make strategic shifts and tactical adjustments based on evolving market conditions. Typically, the portfolio allocates 90%–100% of assets to underlying equity ETFs, with the flexibility to invest up to 10% in fixed-income funds, allowing for tailored risk exposure. Managed by New York Life Investments’ Multi-Asset Solutions team, the fund emphasizes risk mitigation and consistency in performance, seeking to balance growth potential with prudent investment management. It is structured as a fund-of-funds, meaning it invests primarily in other unaffiliated ETFs, providing broad diversification across equity sectors and styles. This approach makes it a notable solution for retirement plans and investors looking for managed exposure to global equity markets through a single investment vehicle.
Performance
MWFQX had a total return of 9.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.57%.
Top 10 Holdings
97.02% of assets| Name | Symbol | Weight |
|---|---|---|
| Vanguard Mega Cap ETF | MGC | 29.69% |
| iShares Core MSCI EAFE ETF | IEFA | 21.19% |
| Vanguard Mid-Cap ETF | VO | 10.85% |
| Schwab U.S. Small-Cap ETF | SCHA | 6.19% |
| iShares Core MSCI Emerging Markets ETF | IEMG | 5.86% |
| iShares Core S&P Small Cap ETF | IJR | 5.62% |
| iShares Core S&P Mid-Cap ETF | IJH | 4.97% |
| Invesco S&P SmallCap Quality ETF | XSHQ | 4.88% |
| iShares Core S&P 500 ETF | IVV | 4.71% |
| iShares MSCI EAFE Small-Cap ETF | SCZ | 3.07% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $0.31511 | Dec 30, 2024 |
| Dec 28, 2023 | $0.11007 | Dec 28, 2023 |
| Dec 29, 2022 | $0.0776 | Dec 29, 2022 |
| Dec 30, 2021 | $0.09617 | Dec 30, 2021 |
| Dec 30, 2020 | $0.04745 | Dec 30, 2020 |