- ISIN
- US56062X6748
- CUSIP
- 56062X674
- Issuer
- New York Life
- Inception Date
- Jul 3, 1995
- 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
MLAAX Performance Chart
MainStay Winslow Large Cap Growth Fund (MLAAX) is up 6.0% since the beginning of the year. MLAAX is currently trading at $9 per share. Investors who bought $1,000 worth of MLAAX shares 5 years ago would now be looking at an investment worth $1,750.
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Returns By Period
MainStay Winslow Large Cap Growth Fund (MLAAX) has returned 6.03% so far this year and 15.52% over the past 12 months. Looking at the last ten years, MLAAX has achieved an annualized return of 17.26%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
MainStay Winslow Large Cap Growth Fund
- 1D
- 1.86%
- 1M
- 3.10%
- YTD
- 6.03%
- 6M
- 5.19%
- 1Y
- 15.52%
- 3Y*
- 21.73%
- 5Y*
- 11.84%
- 10Y*
- 17.26%
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%
MLAAX Monthly Returns History
Based on dividend-adjusted daily data since Jul 7, 1995, MLAAX's average daily return is +0.04%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +13.8%, while the worst month was Dec 2000 at -38.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MLAAX closed higher 51% of trading days. The best single day was Dec 3, 2018 with a return of +23.8%, while the worst single day was Dec 21, 2000 at -38.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.62% | -3.74% | -6.43% | 13.10% | 6.31% | 0.54% | 6.03% | ||||||
| 2025 | 3.25% | -2.84% | -8.56% | 2.28% | 9.93% | 7.21% | 1.23% | -0.94% | 2.93% | 4.77% | -3.06% | -1.48% | 14.20% |
| 2024 | 4.00% | 7.04% | 1.30% | -5.12% | 4.77% | 7.43% | -2.49% | 2.27% | 2.50% | -0.81% | 7.00% | -1.29% | 28.95% |
| 2023 | 7.29% | -2.26% | 5.99% | 1.41% | 5.70% | 5.28% | 3.42% | -1.10% | -5.68% | -0.94% | 13.35% | 5.33% | 43.10% |
| 2022 | -10.86% | -4.51% | 2.21% | -12.49% | -4.04% | -7.38% | 11.50% | -6.01% | -9.89% | 7.50% | 7.47% | -7.23% | -31.51% |
| 2021 | -1.76% | 2.91% | -0.25% | 7.74% | -2.47% | 6.34% | 4.77% | 3.56% | -5.08% | 7.96% | -0.60% | 0.39% | 25.00% |
Benchmark Metrics
MainStay Winslow Large Cap Growth Fund has an annualized alpha of -2.02%, beta of 1.08, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since July 07, 1995.
- This fund participated in 113.24% of S&P 500 Index downside but only 100.76% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.02% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.08 and R2 of 0.65, 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
- -2.02%
- Beta
- 1.08
- R²
- 0.65
- Upside Capture
- 100.76%
- Downside Capture
- 113.24%
Expense Ratio
MLAAX has a high expense ratio of 0.93%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MLAAX ranks 10 for risk / return — in the bottom 10% 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 Winslow Large Cap Growth Fund (MLAAX) 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.
| MLAAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 2.78 | -2.03 |
| Martin ratioReturn relative to average drawdown | 2.18 | 12.44 | -10.25 |
Dividends
Dividend History
MainStay Winslow Large Cap Growth Fund provided a 22.99% dividend yield over the last twelve months, with an annual payout of $2.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.14 | $2.14 | $2.15 | $0.95 | $1.05 | $3.11 | $0.64 | $1.06 | $1.82 | $1.56 | $1.06 | $1.27 |
Dividend yield | 22.99% | 24.37% | 22.54% | 10.59% | 14.95% | 26.64% | 5.40% | 11.55% | 23.59% | 17.20% | 13.18% | 13.61% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Winslow Large Cap 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 | $2.14 | $2.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.15 | $2.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $0.95 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 | $1.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.11 | $3.11 |
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 Winslow Large Cap 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 Winslow Large Cap Growth Fund was 83.01%, occurring on Feb 13, 2003. Recovery took 3851 trading sessions.
The current MainStay Winslow Large Cap Growth Fund drawdown is 4.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2003 bear market2003 | -83.01%Feb 2003 | 4y 6mo | 15y 3mo | 19y 10moJul 1998 - Jun 2018 |
Bear market2022 | -39.36%Oct 2022 | 11mo 1d | 1y 3mo | 2y 2moNov 2021 - Jan 2024 |
2025 selloff2025 | -35.43%Apr 2025 | 4mo 3d | — | 1y 6moDec 2024 - now |
Rate-hike selloffLate 2018 | -30.78%Dec 2018 | 20d | 1y 2d | 1y 22dDec 2018 - Dec 2019 |
COVID crash2020 | -30.39%Mar 2020 | 1mo 2d | 2mo 18d | 3mo 20dFeb 2020 - Jun 2020 |
Drawdown Indicators
| MLAAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.01% | -56.78% | -26.23% |
Max Drawdown (1Y)Largest decline over 1 year | -20.28% | -9.10% | -11.18% |
Max Drawdown (3Y)Largest decline over 3 years | -35.43% | -18.90% | -16.53% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -25.43% | -13.93% |
Max Drawdown (10Y)Largest decline over 10 years | -39.36% | -33.92% | -5.44% |
Current DrawdownCurrent decline from peak | -4.27% | -1.80% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -38.75% | -10.71% | -28.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.98% | 2.03% | +4.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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