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
US56063U8779
56063U877
Apr 3, 2005
$1,000,000
Large-Cap
Blend
Expense Ratio
MGXIX has an expense ratio of 0.12%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
MainStay Equity Allocation Fund (MGXIX) returned 1.62% year-to-date (YTD) and 7.55% over the past 12 months. Over the past 10 years, MGXIX returned 7.21% annually, underperforming the S&P 500 benchmark at 10.85%.
MGXIX
1.62%
4.81%
-3.51%
7.55%
8.15%
11.15%
7.21%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.65% | -2.25% | -4.37% | 0.06% | 4.81% | 1.62% | |||||||
| 2024 | 0.38% | 3.75% | 3.07% | -4.15% | 3.42% | 1.12% | 2.68% | 1.42% | 1.63% | -2.21% | 5.75% | -5.05% | 11.82% |
| 2023 | 6.92% | -2.76% | 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% | 12.14% | 4.88% | 15.71% |
| 2019 | 8.74% | 3.03% | 0.14% | 3.28% | -6.68% | 6.67% | 0.67% | -2.58% | 1.97% | 2.19% | 2.93% | 2.69% | 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% | 21.55% |
| 2016 | -6.74% | -1.35% | 7.02% | 1.14% | 1.06% | -1.32% | 4.31% | 0.54% | 0.34% | -2.02% | 3.63% | 1.53% | 7.73% |
| 2015 | -2.05% | 5.76% | -0.81% | 1.19% | 0.99% | -1.77% | 0.56% | -6.62% | -4.17% | 7.67% | -0.06% | -3.08% | -3.21% |
| 2014 | -3.80% | 4.56% | -0.06% | -0.51% | 2.39% | 2.01% | -1.97% | 3.21% | -2.44% | 1.50% | 1.79% | -1.14% | 5.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MGXIX is 31, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
MainStay Equity Allocation Fund provided a 6.57% dividend yield over the last twelve months, with an annual payout of $1.12 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.12 | $1.12 | $0.00 | $1.50 | $2.29 | $0.84 | $0.85 | $1.62 | $0.98 | $0.59 | $0.85 | $0.75 |
Dividend yield | 6.57% | 6.68% | 0.00% | 11.02% | 12.58% | 4.97% | 5.51% | 12.44% | 5.78% | 4.02% | 5.94% | 4.80% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $1.12 |
| 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 | $0.75 | $0.75 |
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 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 53.44%, occurring on Mar 9, 2009. Recovery took 970 trading sessions.
The current MainStay Equity Allocation Fund drawdown is 3.97%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -53.44% | Nov 1, 2007 | 338 | Mar 9, 2009 | 970 | Jan 15, 2013 | 1308 |
| -34.63% | Feb 13, 2020 | 27 | Mar 23, 2020 | 109 | Aug 26, 2020 | 136 |
| -25.62% | 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 |
| -21.34% | May 22, 2015 | 183 | Feb 11, 2016 | 233 | Jan 13, 2017 | 416 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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