NYLI Equity ETF Allocation Class R3 (MWFQX)

Fund Assets	166.80M
Expense Ratio	1.09%
Min. Investment	$0.00
Turnover	46.00%
Dividend (ttm)	0.44
Dividend Yield	2.17%
Dividend Growth	38.76%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	20.30
YTD Return	14.88%
1-Year Return	21.99%
5-Year Return	52.44%
52-Week Low	16.84
52-Week High	20.56
Beta (5Y)	n/a
Holdings	11
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.

• 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: MWFQX
• Share Class: Class R3
• Index: S&P 500 TR

Performance

MWFQX had a total return of 21.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.47%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MWFIX	Class I	0.58%
MWFAX	Class A	0.82%
MWFVX	Simple Class	1.08%
MWFCX	Class C	1.58%

Top 10 Holdings

108.29% of assets

Name	Symbol	Weight
Vanguard Morningstar Mega Cap ETF	MGC	41.86%
iShares Core MSCI EAFE ETF	IEFA	19.08%
Schwab U.S. Small-Cap ETF	SCHA	15.04%
Invesco Shrt-Trm Inv Gov&Agcy Instl	AGPXX	8.69%
Vanguard Morningstar Mid-Cap ETF	VO	8.68%
iShares Core MSCI Emerging Markets ETF	IEMG	5.03%
iShares Core S&P Mid-Cap ETF	IJH	4.98%
iShares Core S&P 500 ETF	IVV	2.83%
Schwab U.S. Mid-Cap ETF	SCHM	1.59%
iShares MSCI Emerging Markets ex China ETF	EMXC	0.51%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.43724	Dec 30, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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