Mainstay Growth Allocation Fund Quote
| MGXBX Fund | USD 17.11 0.14 0.82% |
Performance7 of 100
| Odds Of DistressLess than 19
|
Mainstay Growth is trading at 17.11 as of the 25th of November 2024; that is 0.82 percent increase since the beginning of the trading day. The fund's open price was 16.97. Mainstay Growth has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Mainstay Growth Allocation are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2024 and ending today, the 25th of November 2024. Click here to learn more.
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 . More on Mainstay Growth Allocation
Moving together with Mainstay Mutual Fund
Mainstay Mutual Fund Highlights
| Fund Concentration | New York Life Investment Management LLC Funds, Large Blend Funds, Allocation--85%+ Equity Funds, Allocation--85%+ Equity, 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 Growth Allocation [MGXBX] is traded in USA and was established 25th of November 2024. Mainstay Growth is listed under New York Life Investment Management LLC category by Fama And French industry classification. The fund is listed under Allocation--85%+ Equity category and is part of New York Life Investment Management LLC family. This fund now has accumulated 420.75 M in assets with no minimum investment requirementsMainstay Growth Allo is currently producing year-to-date (YTD) return of 13.09%, while the total return for the last 3 years was 2.15%.
Check Mainstay Growth 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 Growth Allocation 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 Growth Allocation Mutual Fund Constituents
| HFXI | IQ 50 Percent | Etf | Foreign Large Blend | |
| MUBFX | Mainstay Map Equity | Mutual Fund | Large Value | |
| MSPIX | Mainstay Sp 500 | Mutual Fund | Large Blend | |
| MSOIX | Mainstay Mon Stock | Mutual Fund | Large Blend | |
| MOPIX | Mainstay Epoch Small | Mutual Fund | Small Blend | |
| MMPDX | Mainstay Wmc Value | Mutual Fund | Large Value | |
| MLRSX | Mainstay Large Cap | Mutual Fund | Large Growth | |
| MCYSX | Mainstay Candriam Emerging | Mutual Fund | Diversified Emerging Mkts |
Mainstay Growth Allo Risk Profiles
| Mean Deviation | 0.5533 | |||
| Semi Deviation | 0.6163 | |||
| Standard Deviation | 0.7324 | |||
| Variance | 0.5364 |
Mainstay Growth Against Markets
Other Information on Investing in Mainstay Mutual Fund
Mainstay Growth 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 Growth security.
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |