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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 current income and, secondarily, long-term growth of capital.The Fund invests, under normal circumstances, at least 80% of its assets (net assets plus any borrowings for investment purposes) in exchange-traded funds. The Fund is a "fund of funds" that seeks to achieve its investment objective by investing primarily in unaffiliated passively-managed exchange-traded funds (the "Underlying ETFs"). The Fund is designed for investors with a particular risk profile as represented by the asset class allocations described below, and invests in a distinct mix of Underlying ETFs. The Fund seeks to achieve its investment objective by normally investing approximately 60% (within a range of 50% to 70%) of its assets in Underlying Fixed-Income ETFs and approximately 40% (within a range of 30% to 50%) of its assets in Underlying Equity ETFs. The Fund may invest approximately 10% (within a range of 0% to 20%) of its assets in Underlying International Equity ETFs. New York Life Investments may change the asset class allocations, the Underlying ETFs in which the Fund invests, or the target weighting without approval from shareholders. New York Life Investments uses a two-step asset allocation process to create the Fund's portfolio. The first step includes a strategic review of the target allocations to the equity and fixed-income asset classes and a determination of any tactical allocation adjustments to establish the portion of the Fund's investable portfolio (meaning the Fund's assets available for investment, other than working cash balances) to be invested in each asset class.The following table illustrates the Fund's target allocations among asset classes (the target allocations and/or actual holdings will vary from time to time as a result of the tactical allocation process, although these variations will remain within the ranges described above):The second step in the Fund's portfolio construction process involves the actual selection of Underlying ETFs to represent the asset classes indicated above and determination of target weightings among the Underlying ETFs. The Fund may invest in any or all of the Underlying ETFs within an asset class, but will not normally invest in every Underlying ETF at one time. Selection of individual Underlying ETFs is based on several factors,including, but not limited to, liquidity, benchmark tracking error and total annual fund operating expenses.New York Life Investments monitors the Fund's portfolio daily to ensure that the Fund's actual asset class allocations among the Underlying ETFs continue to conform to the Fund's target allocations over time and may periodically adjust target asset class allocations based on various quantitative and qualitative data relating to the U.S. and international economies, securities markets, and various segments within those markets. In response to adverse market or other conditions, the Fund may temporarily hold all or a portion of its assets in U.S. government securities, money market funds, cash, or cash equivalents. In connection with the asset allocation process, the Fund may from time to time invest more than 25% of its assets in one Underlying ETF.

Net Asset Value

as of 5:44 PM ET 05/19/2022

Performance

  • 1 Week
  • +0.37%
  • 1 Month
  • -5.51%
  • 3 Months
  • -7.34%
  • 1 Yr Return
  • -14.82%
  • 5 Yr Return
  • -8.73%

Equity Sector Breakdown

Finance 90.45%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Other 90.45%
Stocks 9.55%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 23.50 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -3.74 -3.98 -2.83
Beta 0.48 0.48 0.48
R Squared 0.92 0.91 0.90
Std Deviation 9.37 8.21 6.87
Sharpe Ratio 0.32 0.27 n/a

Purchase Information

as of 5:41 PM ET 05/18/2022
Minimum Initial $1000
Minimum Additional $50
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 04/30/2022 Average Annual Current Performance Quarterly As Of 03/31/2022 Avg Annual Current Performance Monthly As Of 04/30/2022 Avg Annual Current Performance Quarterly As Of 03/31/2022
1 Year
  • -6.65%
  • +0.33%
-6.65% +0.33%
3 Year
  • +3.43%
  • +5.69%
+3.43% +5.69%
10 Year
  • +3.97%
  • +4.47%
+3.97% +4.47%
Life Of Fund
  • +4.28%
  • +4.61%
+4.28% +4.61%

Top 10 Holdings

Symbol Company Name % Of Assets
SHRT TOTAL*SHORT TERM INVESTMENTS 8.48%
MXFAX MAINSTAY FLOATING RATE FUND 7.68%
MDHAX MAINSTAY SHORT DUR HI YLD FD 7.12%
MHCAX MAINSTAY HIGH YIELD CORP BD 4.03%
MSICX MAINSTAYS FLEXIBLE BOND OPP F 35.99%
MLAAX MAINSTAY LARGE CAP GROWTH 3.48%
IQSU IQ CANDRIAM ESG US EQUITY ETF 3.45%
EPLPX MAINSTAY EPOCH US EQUITY YLD 2.70%
MAPAX MAINSTAY MAP FUND 2.62%
CLRG IQ CHAIKIN US LARGE CAP ETF 2.60%

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