MGDRX: MainStay Moderate Growth Allocation R3

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MGDRX MainStay Moderate Growth Allocation R3


Profile

MGDRX - Profile

Vitals

  • YTD Return -21.8%
  • 3 Yr Annualized Return -8.5%
  • 5 Yr Annualized Return N/A
  • Net Assets $738 M
  • Holdings in Top 10 63.7%

52 WEEK LOW AND HIGH

$11.25
$10.32
$15.03

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 42.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--70% to 85% Equity

Distributions

  • YTD Total Return -21.8%
  • 3 Yr Annualized Total Return -3.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    MainStay Moderate Growth Allocation Fund
  • Fund Family Name
    MainStay
  • Inception Date
    Feb 29, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jonathan Swaney

Fund Description

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 80% (within a range of 70% to 90%) of its assets in underlying equity funds, and approximately 20% (within a range of 10% to 30%) of its assets in underlying fixed-income funds.


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Categories

Performance

MGDRX - Performance

Return Ranking - Trailing

Period MGDRX Return Category Return Low Category Return High Rank in Category (%)
YTD -21.8% -39.2% 7.9% 82.74%
1 Yr -18.8% -41.7% 22.6% 71.80%
3 Yr -8.5%* -19.0% 10.6% 83.10%
5 Yr N/A* -15.3% 6.9% 22.33%
10 Yr N/A* -5.7% 8.0% 16.15%

* Annualized

Return Ranking - Calendar

Period MGDRX Return Category Return Low Category Return High Rank in Category (%)
2019 15.9% -5.5% 25.7% 15.81%
2018 -20.3% -32.7% 10.9% 95.05%
2017 11.6% -3.7% 19.3% 23.74%
2016 N/A -43.7% 16.1% N/A
2015 N/A -19.4% 6.0% N/A

Total Return Ranking - Trailing

Period MGDRX Return Category Return Low Category Return High Rank in Category (%)
YTD -21.8% -39.2% 7.9% 82.74%
1 Yr -18.8% -41.7% 22.6% 72.50%
3 Yr -3.9%* -19.0% 10.6% 53.59%
5 Yr N/A* -15.3% 6.9% 41.10%
10 Yr N/A* -5.7% 8.5% 27.60%

* Annualized

Total Return Ranking - Calendar

Period MGDRX Return Category Return Low Category Return High Rank in Category (%)
2019 15.9% -5.5% 25.7% 15.81%
2018 -12.0% -32.7% 10.9% 80.92%
2017 17.2% -3.7% 22.1% 14.40%
2016 N/A -43.7% 20.7% N/A
2015 N/A -16.4% 8.0% N/A

NAV & Total Return History


Holdings

MGDRX - Holdings

Concentration Analysis

MGDRX Category Low Category High MGDRX % Rank
Net Assets 738 M 3.96 M 108 B 52.75%
Number of Holdings 29 4 4602 56.78%
Net Assets in Top 10 504 M -11.7 B 23 B 41.85%
Weighting of Top 10 63.69% 4.9% 100.0% 54.85%

Top 10 Holdings

  1. MainStay Epoch US Equity Yield R6 8.44%
  2. MainStay Winslow Large Cap Growth R6 8.43%
  3. MainStay MAP Equity I 7.10%
  4. MainStay MacKay Growth I 6.93%
  5. MainStay MacKay Short Dur Hi Yld I 6.89%
  6. MainStay Epoch US All Cap R6 6.00%
  7. MainStay MacKay Small Cap Core I 5.92%
  8. IQ Chaikin US Large Cap ETF 4.99%
  9. MainStay MacKay Total Return Bond R6 4.96%
  10. MainStay Epoch International Choice I 4.04%

Asset Allocation

Weighting Return Low Return High MGDRX % Rank
Stocks
75.30% 0.00% 80.06% 7.98%
Bonds
18.02% -1244.78% 179.84% 88.83%
Other
4.25% -7.95% 62.97% 11.17%
Convertible Bonds
1.31% 0.00% 71.52% 15.62%
Cash
1.00% -106.59% 1319.41% 89.28%
Preferred Stocks
0.12% 0.00% 33.71% 46.86%

Stock Sector Breakdown

Weighting Return Low Return High MGDRX % Rank
Technology
18.97% 0.00% 36.56% 8.49%
Financial Services
16.53% 0.00% 34.95% 39.22%
Healthcare
13.14% 0.00% 34.26% 30.28%
Industrials
12.19% 0.00% 21.59% 24.31%
Consumer Cyclical
11.88% 0.00% 25.82% 18.58%
Communication Services
8.64% 0.00% 38.92% 33.03%
Consumer Defense
6.01% 0.00% 22.18% 78.56%
Basic Materials
4.04% 0.00% 15.68% 49.66%
Energy
3.28% 0.00% 41.94% 88.76%
Utilities
2.88% 0.00% 71.13% 70.07%
Real Estate
2.45% 0.00% 90.44% 89.11%

Stock Geographic Breakdown

Weighting Return Low Return High MGDRX % Rank
US
54.99% -5.64% 61.27% 2.74%
Non US
20.31% -1.59% 36.97% 43.22%

Bond Sector Breakdown

Weighting Return Low Return High MGDRX % Rank
Corporate
50.78% 0.00% 97.52% 11.06%
Municipal
17.05% 0.00% 36.89% 1.37%
Derivative
12.42% -0.04% 56.25% 8.55%
Government
8.08% 0.00% 86.03% 89.97%
Securitized
7.61% 0.00% 64.61% 80.27%
Cash & Equivalents
4.05% -3.64% 100.00% 94.64%

Bond Geographic Breakdown

Weighting Return Low Return High MGDRX % Rank
US
16.66% -1276.32% 97.03% 82.67%
Non US
1.36% -273.52% 82.81% 83.47%

Expenses

MGDRX - Expenses

Operational Fees

MGDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.01% 22.24% 57.66%
Management Fee 0.00% 0.00% 1.90% 20.98%
12b-1 Fee 0.50% 0.00% 1.00% 69.93%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

MGDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MGDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MGDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.00% 0.00% 447.00% 50.53%

Distributions

MGDRX - Distributions

Dividend Yield Analysis

MGDRX Category Low Category High MGDRX % Rank
Dividend Yield 0.00% 0.00% 13.58% 95.55%

Dividend Distribution Analysis

MGDRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

MGDRX Category Low Category High MGDRX % Rank
Net Income Ratio 0.90% -0.95% 6.49% 92.08%

Capital Gain Distribution Analysis

MGDRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MGDRX - Fund Manager Analysis

Managers

Jonathan Swaney


Start Date

Tenure

Tenure Rank

Apr 04, 2005

14.92

14.9%

Mr. Swaney was an employee of New York Life Investments from 1997-2009 and was responsible both for managing quantitative equity portfolios and performing research at New York Life Investments’ Equity Investors Group. Also within New York Life Investments, Mr. Swaney previously worked with the Investment Consulting Group and was a portfolio manager with the Quantitative Strategies unit. In 2009, Mr. Swaney joined Madison Square Investors LLC, an indirect, wholly-owned subsidiary of New York Life. While at Madison Square Investors LLC, Mr. Swaney was responsible both for managing quantitative equity portfolios and performing research. In January 2011, Mr. Swaney re-joined New York Life Investments as part of the Investment Consulting Group. Mr. Swaney earned his B.A. in Political Science from The College of William & Mary.

Jae Yoon


Start Date

Tenure

Tenure Rank

Jan 01, 2011

9.17

9.2%

Jae Yoon, CFA. From 2005-2009, Mr. Yoon was employed by New York Life Investments where he led the Investment Consulting Group. In 2009, Mr. Yoon joined MacKay Shields LLC as a Senior Managing Director responsible for Risk Management. In his role at MacKay Shields, Mr. Yoon worked side-by-side with the portfolio managers directly enhancing the risk management processes across all portfolios. In January 2011, Mr. Yoon re-joined New York Life Investments and leads the Investment Consulting Group. Mr. Yoon obtained a B.S. and a Masters degree from Cornell University and attended New York University’s Stern School of Business MBA program. He earned his Chartered Financial Analyst designation in 1998 and has been in the investment industry since 1991.

Poul Kristensen


Start Date

Tenure

Tenure Rank

Feb 28, 2013

7.01

7.0%

Mr. Kristensen joined New York Life Investments in 2011 as a Director in the Multi-Asset Solutions Group. Mr. Kristensen focuses on global macroeconomic trends and investment strategy. Prior to joining New York Life Investments, he worked as a senior investment strategist for Danske Bank where he advised major pension funds on asset allocation. Mr. Kristensen holds a Master’s degree in economics from Asrhus University in Denmark, is a CFA charterholder and is also certified in quantitative finance (CQF designation).

Amit Soni


Start Date

Tenure

Tenure Rank

Feb 29, 2016

4.0

4.0%

Mr. Soni joined New York Life Investments in 2013 as a Senior Associate in the Strategic Asset Allocation and Solutions Group. Mr. Soni focuses on quantitative and macro-economic investment research and portfolio management for the funds managed by the team. Prior to joining New York Life Investments, he worked as an Investment Associate in the Global Asset Allocation group at Putnam Investments. He holds a Master’s degree from the Massachusetts Institute of Technology in Computation for Design and Optimization and a Bachelors degree from the Indian Institute of Technology Kanpur (India) in Mechanical Engineering. He holds the CFA® designation and has been in the investment industry since 2008.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 28.18 5.94 0.16