Mainstay Nerstone Growth Fund Quote
| KLGAX Fund | USD 50.11 0.06 0.12% |
Performance6 of 100
| Odds Of DistressLess than 20
|
Mainstay Nerstone is trading at 50.11 as of the 25th of November 2024; that is 0.12% up since the beginning of the trading day. The fund's open price was 50.05. Mainstay Nerstone has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Mainstay Nerstone Growth are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of December 2022 and ending today, the 25th of November 2024. Click here to learn more.
The fund invests primarily in stocks of large-capitalization U.S. companies considered to have above-average earnings growth potential and reasonable stock prices in comparison with expected earnings. Under normal circumstances, at least 80 percent of its assets will be invested in securities issued by U.S. More on Mainstay Nerstone Growth
Moving together with Mainstay Mutual Fund
| 0.74 | MKHCX | Mainstay High Yield | PairCorr |
| 0.98 | MLACX | Mainstay Large Cap | PairCorr |
| 0.98 | MLABX | Mainstay Large Cap | PairCorr |
| 0.98 | MLAAX | Mainstay Large Cap | PairCorr |
Moving against Mainstay Mutual Fund
Mainstay Mutual Fund Highlights
| Fund Concentration | New York Life Investment Management LLC Funds, Large Growth Funds, Large Growth, New York Life Investment Management LLC (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Mainstay Nerstone Growth [KLGAX] is traded in USA and was established 25th of November 2024. Mainstay Nerstone is listed under New York Life Investment Management LLC category by Fama And French industry classification. The fund is listed under Large Growth category and is part of New York Life Investment Management LLC family. This fund now has accumulated 808.7 M in assets with no minimum investment requirementsMainstay Nerstone Growth is currently producing year-to-date (YTD) return of 23.21%, while the total return for the last 3 years was 2.81%.
Check Mainstay Nerstone Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Mainstay Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Mainstay Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Mainstay Nerstone Growth Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Mainstay Nerstone Growth Mutual Fund Constituents
| ABBV | AbbVie Inc | Stock | Health Care | |
| CMCSA | Comcast Corp | Stock | Communication Services | |
| MCD | McDonalds | Stock | Consumer Discretionary | |
| BA | The Boeing | Stock | Industrials | |
| MO | Altria Group | Stock | Consumer Staples | |
| V | Visa Class A | Stock | Financials | |
| AAPL | Apple Inc | Stock | Information Technology | |
| UNH | UnitedHealth Group Incorporated | Stock | Health Care |
Mainstay Nerstone Growth Risk Profiles
| Mean Deviation | 0.7637 | |||
| Semi Deviation | 1.12 | |||
| Standard Deviation | 1.09 | |||
| Variance | 1.19 |
Mainstay Nerstone Against Markets
Other Information on Investing in Mainstay Mutual Fund
Mainstay Nerstone financial ratios help investors to determine whether Mainstay Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Nerstone security.
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |