- ISIN
- US56064B8292
- CUSIP
- 56064B829
- Issuer
- New York Life
- Inception Date
- Aug 7, 2006
- Category
- Large Cap Growth Equities
- Min. Investment
- $15,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
KLGAX Performance Chart
MainStay WMC Growth Fund (KLGAX) is up 2.6% since the beginning of the year. KLGAX is currently trading at $56 per share. Investors who bought $1,000 worth of KLGAX shares 5 years ago would now be looking at an investment worth $1,492.
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Returns By Period
MainStay WMC Growth Fund (KLGAX) has returned 2.62% so far this year and 17.09% over the past 12 months. Over the last ten years, KLGAX has had an annualized return of 13.69%, just under the S&P 500 Index benchmark’s 13.88%.
MainStay WMC Growth Fund
- 1D
- 1.66%
- 1M
- 0.02%
- YTD
- 2.62%
- 6M
- 2.01%
- 1Y
- 17.09%
- 3Y*
- 18.39%
- 5Y*
- 8.33%
- 10Y*
- 13.69%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
KLGAX Monthly Returns History
Based on dividend-adjusted daily data since Aug 7, 2006, KLGAX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +15.6%, while the worst month was Oct 2008 at -17.0%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, KLGAX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +13.1%, while the worst single day was Mar 16, 2020 at -12.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.55% | -3.33% | -5.61% | 11.24% | 4.83% | -2.04% | 2.62% | ||||||
| 2025 | 3.35% | -3.82% | -8.62% | 2.78% | 8.41% | 6.80% | 2.45% | 0.50% | 3.29% | 3.31% | -0.81% | -1.02% | 16.60% |
| 2024 | 3.05% | 6.93% | 1.57% | -4.50% | 4.43% | 5.40% | -1.29% | 1.58% | 2.35% | -1.48% | 5.52% | -0.25% | 25.22% |
| 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% |
Benchmark Metrics
MainStay WMC Growth Fund has an annualized alpha of 0.23%, beta of 1.10, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since August 07, 2006.
- This fund captured 112.02% of S&P 500 Index gains and 108.36% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.10 and R2 of 0.91, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.23%
- Beta
- 1.10
- R²
- 0.91
- Upside Capture
- 112.02%
- Downside Capture
- 108.36%
Expense Ratio
KLGAX has a high expense ratio of 1.02%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
KLGAX ranks 13 for risk / return — in the bottom 13% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MainStay WMC Growth Fund (KLGAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KLGAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 2.78 | -1.76 |
| Martin ratioReturn relative to average drawdown | 3.45 | 12.44 | -8.99 |
Dividends
Dividend History
MainStay WMC Growth Fund provided a 3.29% dividend yield over the last twelve months, with an annual payout of $1.85 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.85 | $1.85 | $1.93 | $0.00 | $0.00 | $11.63 | $1.75 | $1.28 | $3.31 | $1.32 | $2.40 | $2.25 |
Dividend yield | 3.29% | 3.38% | 3.96% | 0.00% | 0.00% | 26.57% | 3.69% | 3.43% | 11.10% | 3.85% | 8.73% | 7.55% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.85 | $1.85 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.93 | $1.93 |
| 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 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 55.04%, occurring on Nov 20, 2008. Recovery took 565 trading sessions.
The current MainStay WMC Growth Fund drawdown is 3.53%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.04%Nov 2008 | 1y 1mo | 2y 3mo | 3y 4moOct 2007 - Feb 2011 |
Bear market2022 | -39.29%Oct 2022 | 11mo 1d | 1y 7mo | 2y 6moNov 2021 - May 2024 |
COVID crash2020 | -32.39%Mar 2020 | 1mo 2d | 2mo 19d | 3mo 21dFeb 2020 - Jun 2020 |
2011 bear market2011 | -24.10%Oct 2011 | 2mo 8d | 4mo 27d | 7mo 5dJul 2011 - Feb 2012 |
Rate-hike selloffLate 2018 | -23.91%Dec 2018 | 2mo 23d | 10mo 15d | 1y 1moOct 2018 - Nov 2019 |
Drawdown Indicators
| KLGAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.04% | -56.78% | +1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -9.10% | -6.93% |
Max Drawdown (3Y)Largest decline over 3 years | -22.71% | -18.90% | -3.81% |
Max Drawdown (5Y)Largest decline over 5 years | -39.29% | -25.43% | -13.86% |
Max Drawdown (10Y)Largest decline over 10 years | -39.29% | -33.92% | -5.37% |
Current DrawdownCurrent decline from peak | -3.53% | -1.80% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -10.71% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 2.03% | +2.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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