MainStay Moderate Allocation Fund (MMRIX)
The investment seeks long-term growth of capital and, secondarily, current income. The fund is a "fund of funds" that seeks to achieve its investment objective by investing primarily in mutual funds and ETFs managed by New York Life Investments or its affiliates. It seeks to achieve its investment objective by normally investing approximately 60% (within a range of 50% to 70%) of its assets in underlying equity funds, and approximately 40% (within a range of 30% to 50%) of its assets in Underlying Fixed-Income funds.
Fund Info
ISIN | US56063U8282 |
---|---|
CUSIP | 56063U828 |
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
MMRIX has an expense ratio of 0.09% which is considered to be low.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MMRIX vs. VOO, MMRIX vs. RPXIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MainStay Moderate 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 Moderate Allocation Fund had a return of 3.53% year-to-date (YTD) and 13.43% in the last 12 months. Over the past 10 years, MainStay Moderate Allocation Fund had an annualized return of 5.61%, while the S&P 500 had an annualized return of 10.79%, indicating that MainStay Moderate Allocation Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 3.53% | 9.47% |
1 month | 1.17% | 1.91% |
6 months | 12.14% | 18.36% |
1 year | 13.43% | 26.61% |
5 years (annualized) | 6.89% | 12.90% |
10 years (annualized) | 5.61% | 10.79% |
Monthly Returns
The table below presents the monthly returns of MMRIX, 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% | 1.79% | 2.20% | -3.16% | 3.53% | ||||||||
2023 | 5.34% | -2.17% | 0.90% | 0.57% | -1.30% | 3.53% | 2.06% | -1.55% | -3.32% | -2.29% | 6.85% | 4.85% | 13.65% |
2022 | -4.14% | -1.58% | 0.80% | -5.73% | 0.38% | -6.51% | 5.98% | -3.09% | -7.02% | 5.15% | 5.22% | -2.99% | -13.76% |
2021 | -0.42% | 1.70% | 1.74% | 3.15% | 1.19% | 0.46% | 1.11% | 1.42% | -2.86% | 3.34% | -1.78% | 2.72% | 12.21% |
2020 | -0.07% | -4.14% | -10.13% | 8.13% | 3.64% | 2.11% | 3.82% | 3.31% | -2.07% | -1.67% | 7.77% | 3.08% | 13.01% |
2019 | 6.06% | 2.01% | 0.63% | 2.20% | -3.76% | 4.39% | 0.53% | -0.76% | 1.00% | 1.36% | 1.72% | 1.77% | 18.20% |
2018 | 2.88% | -3.29% | -1.30% | 0.22% | 1.03% | -0.87% | 1.97% | 0.64% | -0.21% | -5.50% | 0.75% | -5.17% | -8.86% |
2017 | 2.04% | 2.15% | 0.23% | 0.82% | 0.97% | 0.37% | 1.91% | 0.22% | 1.51% | 1.27% | 1.47% | 1.07% | 14.92% |
2016 | -4.26% | -0.75% | 5.07% | 1.13% | 0.72% | -0.39% | 3.09% | 0.46% | 0.23% | -1.30% | 1.47% | 1.20% | 6.57% |
2015 | -0.75% | 3.63% | -0.66% | 0.88% | 0.51% | -1.45% | 0.44% | -4.17% | -2.67% | 5.18% | -0.22% | -2.08% | -1.71% |
2014 | -1.98% | 3.21% | -0.07% | 0.00% | 1.74% | 1.35% | -1.26% | 2.27% | -1.81% | 1.06% | 1.19% | -0.98% | 4.67% |
2013 | 3.51% | 0.64% | 2.48% | 1.49% | 0.77% | -1.38% | 3.72% | -1.64% | 3.04% | 3.10% | 1.57% | 1.55% | 20.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MMRIX is 64, 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.
MMRIX (MainStay Moderate Allocation Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay Moderate Allocation Fund (MMRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay Moderate Allocation Fund granted a 0.58% dividend yield in the last twelve months. The annual payout for that period amounted to $0.08 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.08 | $0.08 | $0.70 | $1.41 | $0.83 | $0.55 | $0.93 | $0.79 | $0.50 | $0.65 | $0.98 | $0.75 |
Dividend yield | 0.58% | 0.60% | 5.92% | 9.74% | 5.89% | 4.16% | 7.98% | 5.73% | 3.90% | 5.26% | 7.38% | 5.48% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Moderate 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 | $0.08 | $0.08 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.41 | $1.41 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.93 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.79 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.65 |
2014 | $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 |
2013 | $0.75 | $0.75 |
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 Moderate 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 Moderate Allocation Fund was 37.81%, occurring on Mar 9, 2009. Recovery took 466 trading sessions.
The current MainStay Moderate Allocation Fund drawdown is 0.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-37.81% | Nov 1, 2007 | 338 | Mar 9, 2009 | 466 | Jan 11, 2011 | 804 |
-24.34% | Feb 20, 2020 | 23 | Mar 23, 2020 | 92 | Aug 3, 2020 | 115 |
-20.4% | Nov 10, 2021 | 224 | Sep 30, 2022 | 358 | Mar 6, 2024 | 582 |
-15.36% | Jan 29, 2018 | 229 | Dec 24, 2018 | 214 | Oct 30, 2019 | 443 |
-14.27% | May 22, 2015 | 183 | Feb 11, 2016 | 208 | Dec 7, 2016 | 391 |
Volatility
Volatility Chart
The current MainStay Moderate Allocation Fund volatility is 2.33%, 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.