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Address And Details

30 Hudson Street , Jersey City, NJ 07302
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund seeks total return. He Fund invests approximately 60% of its assets (net assets plus any borrowings for investment purposes) in stocks and 40% of its assets in fixed-income securities (such as bonds) and cash equivalents. Although this 60/40 ratio may vary, under normal market conditions, the Fund will invest at least 25% of its assets in fixed-income securities. Asset allocation decisions are made by New York Life Investment Management LLC, the Fund s Manager, based on its tactical view of the market. The Fund may invest in exchange-traded funds ( ETFs ), including ETFs advised by affiliates of the Manager and ETFs advised by unaffiliated advisers, to facilitate rebalancing the Fund s allocation between equity and fixed-income exposures. The Fund may invest up to 20% of its net assets in foreign securities, but only in countries that NYL Investors LLC ( NYL Investors ), the Subadvisor for the fixed-income portion of the Fund, and MacKay Shields LLC ( MacKay Shields ), the Subadvisor for the equity portion of the Fund, considers table, and only in securities considered to be of high quality. The Fund may also invest in derivatives, such as futures and options, to try to enhance returns or reduce the risk of loss by hedging certain of its holdings. Under normal market conditions, the Subadvisors will seek to keep the portfolio fully invested rather than taking temporary cash positions with respect to their portions of the Fund's assets. The Subadvisors will sell a security if it becomes relatively overvalued, if better opportunities are identified, or if they determine that the initial investment expectations are not being met. Equity Investment Process: MacKay Shields generally invests in mid-capitalization, value oriented stocks, but may also invest in large-capitalization, value-oriented stocks. MacKay Shields considers mid-capitalization stocks to be those stocks issued by companies with a market capitalization that, at the time of investment, are similar to the companies in the Russell Midcap Index (which ranged from $824 million to $78.721billion as of December 31, 2019), the S&P Midcap 400 Index (which ranged from $1.104 billion to $12.638 billion as of December 31, 2019), or universe selected from the smallest 800 companies of the largest 1,000 companies, ranked by market capitalization. Mid-capitalization stocks are common stocks of mid-size U.S. companies that tend to be well known and tend to have a large amount of stock outstanding compared to small-capitalization stocks. Value" stocks are stocks that MacKay Shields determines (1) have strong or improving fundamental characteristics and (2) have been overlooked by the marketplace so that they are undervalued or "underpriced" relative to the rest of the Fund's universe.

Net Asset Value

as of 6:04 PM ET 12/07/2021

Performance

  • 1 Week
  • -16.62%
  • 1 Month
  • -19.85%
  • 3 Months
  • -18.01%
  • 1 Yr Return
  • -6.97%
  • 5 Yr Return
  • -6.53%

Equity Sector Breakdown

Finance 22.52%
Technology 10.95%
IndustrialCyclical 6.96%
Health 5.52%
NonDurables 5.24%
Services 2.23%
Utilities 2.14%
Energy 2.10%
RetailTrade 1.89%
ConsumerDurables 1.50%

Asset Allocation

Asset Type % Of Allocation
Stocks 57.25%
Other 4.69%
ForeignStocks 4.28%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 2.29 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -3.98 -4.24 -2.03
Beta 0.67 0.66 0.65
R Squared 0.92 0.91 0.89
Std Deviation 13.02 10.67 8.97
Sharpe Ratio 0.77 0.70 n/a

Purchase Information

as of 6:12 PM ET 12/06/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +14.62%
  • +21.90%
+14.62% +21.90%
3 Year
  • +8.96%
  • +7.28%
+8.96% +7.28%
10 Year
  • +8.24%
  • +8.87%
+8.24% +8.87%
Life Of Fund
  • +5.96%
  • +5.97%
+5.96% +5.97%

Top 10 Holdings

Symbol Company Name % Of Assets
IWD ISHARES RUSSELL 1000 VAL IDX 3.78%
JPM JPMORGAN CHASE & CO 2.16%
UNH UNITEDHEALTH GROUP INC 1.82%
CSCO CISCO SYSTEMS INC 1.61%
PFE PFIZER INC 1.60%
CMCSA COMCAST CORP 1.57%
BAC BANK OF AMERICA CORPORATION 1.54%
ANTM ANTHEM INC 1.23%
GOOG ALPHABET INC CLASS C 1.21%
LLY ELI LILLY & CO 1.17%

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