MainStay WMC Growth Fund (KLGAX)
The investment seeks long-term growth of capital. The fund invests primarily in stocks of large-capitalization U.S. companies considered to have above-average earnings growth potential and reasonable stock prices in comparison with expected earnings. Under normal circumstances, at least 80% of its assets will be invested in securities issued by U.S. companies. The Subadvisor employs a traditional, bottom-up fundamental research approach to identify securities that possess sustainable growth at reasonable valuations.
Fund Info
| ISIN | US56064B8292 |
|---|---|
| CUSIP | 56064B829 |
| Issuer | New York Life Investments |
| Inception Date | Aug 7, 2006 |
| Category | Large Cap Growth Equities |
| Min. Investment | $15,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
KLGAX has a high expense ratio of 1.02%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: KLGAX vs. VFIAX, KLGAX vs. VTTSX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MainStay WMC Growth Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MainStay WMC Growth Fund had a return of 11.75% year-to-date (YTD) and 34.61% in the last 12 months. Over the past 10 years, MainStay WMC Growth Fund had an annualized return of 11.43%, outperforming the S&P 500 benchmark which had an annualized return of 10.84%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.75% | 10.00% |
| 1 month | 1.10% | 2.41% |
| 6 months | 19.54% | 16.70% |
| 1 year | 34.61% | 26.85% |
| 5 years (annualized) | 12.42% | 12.81% |
| 10 years (annualized) | 11.43% | 10.84% |
Monthly Returns
The table below presents the monthly returns of KLGAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.05% | 6.93% | 1.57% | -4.50% | 11.75% | ||||||||
| 2023 | 9.28% | -2.39% | 6.19% | 0.82% | 4.45% | 6.19% | 3.15% | -1.92% | -5.04% | -2.65% | 11.17% | 5.27% | 38.63% |
| 2022 | -9.11% | -5.13% | 2.30% | -12.35% | -3.43% | -10.00% | 12.00% | -4.83% | -9.95% | 6.02% | 4.11% | -6.64% | -33.53% |
| 2021 | 0.76% | 0.04% | 0.42% | 6.92% | -2.57% | 5.92% | 2.97% | 3.52% | -5.49% | 5.98% | -2.44% | 1.31% | 17.85% |
| 2020 | -0.19% | -7.49% | -10.83% | 15.56% | 6.76% | 4.88% | 6.94% | 9.67% | -4.98% | -3.93% | 10.22% | 4.89% | 31.88% |
| 2019 | 8.64% | 3.05% | 2.09% | 4.10% | -7.83% | 6.57% | 2.64% | -1.82% | 0.57% | 2.01% | 4.13% | 2.84% | 29.41% |
| 2018 | 6.58% | -2.35% | -2.91% | 0.86% | 5.28% | -0.05% | 2.50% | 6.49% | -0.17% | -9.29% | -0.74% | -9.07% | -4.33% |
| 2017 | 3.06% | 3.64% | 1.09% | 1.86% | 1.89% | 0.19% | 2.43% | 2.28% | 1.27% | 4.49% | 2.98% | 1.45% | 30.05% |
| 2016 | -9.99% | -1.60% | 6.20% | 1.35% | 3.13% | -3.54% | 5.76% | -1.47% | 0.31% | -1.72% | 2.20% | 0.59% | 0.15% |
| 2015 | -3.21% | 6.18% | -0.53% | 0.84% | 1.14% | -0.34% | 2.21% | -6.26% | -3.71% | 7.34% | 2.17% | -3.08% | 1.89% |
| 2014 | -2.61% | 3.91% | -3.39% | -1.77% | 3.87% | 3.03% | -2.11% | 5.20% | -2.62% | 3.12% | 3.08% | -1.17% | 8.26% |
| 2013 | 3.54% | -1.06% | 3.07% | -0.90% | 2.27% | -1.75% | 6.26% | -0.71% | 3.62% | 3.72% | 1.15% | 3.03% | 24.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of KLGAX is 78, placing it in the top 22% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
KLGAX (MainStay WMC Growth Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay WMC Growth Fund (KLGAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay WMC Growth Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $11.63 | $1.75 | $1.28 | $3.31 | $1.32 | $2.40 | $2.25 | $2.98 | $3.11 |
Dividend yield | 0.00% | 0.00% | 0.00% | 26.57% | 3.69% | 3.43% | 11.10% | 3.85% | 8.73% | 7.55% | 9.49% | 9.79% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay WMC Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $11.63 | $11.63 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.75 | $1.75 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.28 | $1.28 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.31 | $3.31 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.32 | $1.32 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.40 | $2.40 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.25 | $2.25 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.98 | $2.98 |
| 2013 | $1.50 | $0.00 | $0.00 | $0.00 | $1.61 | $3.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the MainStay WMC Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MainStay WMC Growth Fund was 58.60%, occurring on Nov 20, 2008. Recovery took 1234 trading sessions.
The current MainStay WMC Growth Fund drawdown is 16.24%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -58.6% | Oct 11, 2007 | 281 | Nov 20, 2008 | 1234 | Oct 18, 2013 | 1515 |
| -48.42% | Dec 2, 2021 | 219 | Oct 14, 2022 | — | — | — |
| -32.39% | Feb 20, 2020 | 23 | Mar 23, 2020 | 55 | Jun 10, 2020 | 78 |
| -23.91% | Oct 2, 2018 | 58 | Dec 24, 2018 | 217 | Nov 4, 2019 | 275 |
| -23.21% | Jul 20, 2015 | 141 | Feb 8, 2016 | 256 | Feb 13, 2017 | 397 |
Volatility
Volatility Chart
The current MainStay WMC Growth Fund volatility is 5.17%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.