Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

MainStay Growth Allocation Fund Class I (MGXIX)

16.79
Net Asset Value
+0.06%
1 Day
+13.75%
Year-to-Date
Overall Morningstar Rating
Allocation--85%+ equity
Style or Category
No Load
Sales Expenses
1.47%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital. The fund is a "fund of funds," meaning that it seeks to achieve its investment objective by investing primarily in mutual funds and ETFs managed by New York Life Investments or its affiliates. It seeks to achieve its investment objective by normally investing substantially all of its assets in underlying equity funds (normally within a range of 90% to 100%). The underlying equity funds may consist of approximately 25% (within a range of 15% to 35%) of international equity funds. The fund may invest up to 10% of its assets in underlying fixed-income funds.

Performance

1 month+4.42% 3 years+5.81%
3 months+4.55% 5 years+10.78%
1 year+19.22% Since inception+6.94%
Data through --

Peer Comparisonvs. Allocation--85%+ equity

 MGXIXCategory
Performance 5-yr return+10.78%+10.94%
Expense ratio1.47%1.35%
Risk 5 year sharpe ratio1.081.09
Net assets$375.7M$1.2B
Average market cap$24.6B$42.2B
Average P/E19.519.1
Portfolio turnover25%25%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyMainStay
Fund manager & tenureJonathan Swaney / 12 Years
Minimal initial investment$5,000,000.00
Minimum IRA investment--

Holdings

U.S. stock68.21%
International stock29.43%
Fixed income1.21%
Cash1.10%
Other0.05%
Top 5 Sectors
Portfolio weighting
Financial service 17.51%
Industrial materials 13.72%
Energy 11.71%
Healthcare 11.08%
Consumer goods 10.52%
Top 10 Holdings
Portfolio weighting
MOPIX MainStay Epoch U.S. Small Cap Fund Class I12.56%
MUBFX MainStay MAP Equity Fund Class I11.13%
MYCIX Mainstay U.S. Equity Opportunities Fund Class I10.51%
MEOIX MainStay Emerging Markets Equity Fund Class I8.24%
EPLCX MainStay Epoch U.S. Equity Yield Fund Class I7.15%
CRZZX MainStay Cushing® Renaissance Advantage Fund Class I7.14%
MATIX MainStay Epoch U.S. All Cap Fund Class I7.01%
MLAIX MainStay Large Cap Growth Fund Class I6.88%
MYIIX Mainstay International Opportunities Fund Class I6.28%
ICEUX MainStay Epoch International Choice Fund Class I6.10%