MainStay Equity Allocation Fund (MGXIX)
The fund is a "fund of funds" that seeks to achieve its investment objective by investing 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 fund may invest approximately 25% (within a range of 15% to 35%) of its assets in underlying international equity funds. It may invest up to 10% of its assets in underlying fixed-income funds.
Fund Info
| ISIN | US56063U8779 |
|---|---|
| CUSIP | 56063U877 |
| Issuer | New York Life Investments |
| Inception Date | Apr 3, 2005 |
| Category | Diversified Portfolio |
| Min. Investment | $1,000,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
MGXIX features an expense ratio of 0.12%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MGXIX vs. FGRTX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MainStay Equity Allocation 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 Equity Allocation Fund had a return of 7.91% year-to-date (YTD) and 20.46% in the last 12 months. Over the past 10 years, MainStay Equity Allocation Fund had an annualized return of 7.77%, while the S&P 500 had an annualized return of 10.99%, indicating that MainStay Equity Allocation Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.91% | 11.18% |
| 1 month | 5.46% | 5.60% |
| 6 months | 15.60% | 17.48% |
| 1 year | 20.46% | 26.33% |
| 5 years (annualized) | 10.33% | 13.16% |
| 10 years (annualized) | 7.77% | 10.99% |
Monthly Returns
The table below presents the monthly returns of MGXIX, 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 | 0.38% | 3.75% | 3.07% | -4.15% | 7.91% | ||||||||
| 2023 | 6.92% | -2.75% | 0.35% | 0.42% | -1.48% | 5.85% | 3.44% | -2.67% | -4.15% | -3.07% | 8.50% | 5.78% | 17.30% |
| 2022 | -5.55% | -2.15% | 2.08% | -7.86% | 0.51% | -8.36% | 7.82% | -4.01% | -9.21% | 8.32% | 6.67% | -4.61% | -17.08% |
| 2021 | -0.18% | 3.72% | 3.02% | 4.53% | 1.37% | 0.78% | 1.24% | 2.45% | -4.24% | 5.26% | -2.62% | 4.13% | 20.76% |
| 2020 | -1.43% | -7.71% | -14.70% | 11.55% | 5.18% | 2.71% | 4.86% | 6.03% | -3.50% | -1.94% | 12.15% | 4.88% | 15.71% |
| 2019 | 8.74% | 3.03% | 0.14% | 3.28% | -6.68% | 6.67% | 0.66% | -2.58% | 1.97% | 2.19% | 2.93% | 2.70% | 24.59% |
| 2018 | 4.66% | -4.68% | -1.95% | 0.48% | 1.56% | -1.18% | 2.75% | 0.99% | -0.46% | -8.22% | 1.20% | -8.56% | -13.47% |
| 2017 | 3.05% | 2.96% | 0.32% | 0.70% | 1.01% | 0.63% | 2.49% | -0.18% | 2.92% | 1.77% | 2.79% | 1.30% | 21.54% |
| 2016 | -6.74% | -1.35% | 7.02% | 1.14% | 1.06% | -1.33% | 4.31% | 0.54% | 0.34% | -2.02% | 3.63% | 1.53% | 7.73% |
| 2015 | -2.05% | 5.76% | -0.80% | 1.19% | 0.99% | -1.77% | 0.56% | -6.62% | -4.17% | 7.67% | -0.06% | -3.09% | -3.21% |
| 2014 | -3.80% | 4.56% | -0.06% | -0.51% | 2.39% | 2.02% | -1.98% | 3.21% | -2.44% | 1.50% | 1.79% | -1.15% | 5.29% |
| 2013 | 5.37% | 0.80% | 3.71% | 1.98% | 1.72% | -1.32% | 5.66% | -2.47% | 4.48% | 4.08% | 2.66% | 2.26% | 32.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MGXIX is 65, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
MGXIX (MainStay Equity Allocation Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay Equity Allocation Fund (MGXIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay Equity Allocation 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 | $1.50 | $2.29 | $0.84 | $0.85 | $1.62 | $0.98 | $0.59 | $0.85 | $0.75 | $0.29 |
Dividend yield | 0.00% | 0.00% | 11.02% | 12.58% | 4.97% | 5.52% | 12.44% | 5.78% | 4.02% | 5.94% | 4.79% | 1.86% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Equity Allocation 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 | $1.50 | $1.50 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.29 | $2.29 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.84 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.85 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 | $1.62 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.98 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.59 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.85 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.75 |
| 2013 | $0.29 | $0.29 |
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 Equity Allocation 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 Equity Allocation Fund was 55.17%, occurring on Mar 9, 2009. Recovery took 993 trading sessions.
The current MainStay Equity Allocation Fund drawdown is 0.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.17% | Nov 1, 2007 | 338 | Mar 9, 2009 | 993 | Feb 19, 2013 | 1331 |
| -34.63% | Feb 13, 2020 | 27 | Mar 23, 2020 | 109 | Aug 26, 2020 | 136 |
| -25.63% | Nov 9, 2021 | 225 | Sep 30, 2022 | 350 | Feb 23, 2024 | 575 |
| -23% | Jan 29, 2018 | 229 | Dec 24, 2018 | 246 | Dec 16, 2019 | 475 |
| -21.35% | May 22, 2015 | 183 | Feb 11, 2016 | 233 | Jan 13, 2017 | 416 |
Volatility
Volatility Chart
The current MainStay Equity Allocation Fund volatility is 2.96%, 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.