MGDRX — MainStay Moderate Growth Allocation Fund
Data updated: 2026-09-23
MGDRX — MainStay Moderate Growth Allocation Fund. Alternative · $893.99M AUM · 1.23% expense ratio. Holdings, fees, performance and SEC filings.
MGDRX Fund Overview
MGDRX — MainStay Moderate Growth Allocation Fund is a US mutual fund managed by New York Life Investments Funds Trust, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: New York Life Investments Funds Trust
- Category: Alternative
- Assets under management: $893.99M
- 1-year return: 8.5%
- Ticker: MGDRX
- SEC CIK: 0001469192
- SEC series ID: S000028534
- Share class ID: C000166842
MGDRX Investment Objective and Strategy
MainStay Moderate Growth Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by New York Life Investments Funds Trust.
Investment objective
The Fund seeks long-term growth of capital and,
Principal investment strategy
"The Fund is a ""fund of funds,"" meaning that it seeks to achieve its investment objective by investing primarily in mutual funds and exchange-traded funds managed by New York Life Investment Management LLC (New York Life Investments) or its affiliates (the ""Underlying Funds""). The Underlying Funds are described and offered for direct investment in separate prospectuses. 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 Funds. The Fund 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.
The Fund may invest approximately 20% (within a range of 10% to 30%) of its assets in international equity funds. New York Life Investments may change the asset class allocations, the Underlying Funds in which the Fund invests, or the target weighting without prior approval from shareholders. With respect to investments in Underlying Funds that invest significantly in both U.S. and non-U.S. equity securities, New York Life Investments will generally allocate such investments equally between U.S. equity funds and international equity funds. New York Life Investments will determine each Underlying Fund's asset class, and for Underlying Funds that may potentially fall into multiple asset classes, New York Life Investments will classify them based on certain factors, including, but not limited to, the Underlying Fund's investment strategy and portfolio characteristics.
The Underlying Funds may engage in strategies involving non-traditional asset classes (e.g., master limited partnerships), non-traditional investment strategies (e.g., non-correlated returns or short sales) or illiquid assets. 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): U.S.
Equity International Equity Total Equity Fixed-Income MainStay Moderate Growth Allocation Fund* 60% 20% 80% 20% *Percentages represent target allocations, actual allocation percentages may vary up to +/-10% under normal conditions. The second step in the portfolio's construction process involves the actual selection of Underlying Funds to represent the asset classes indicated above and determination of target weightings among the Underlying Funds for the Fund's portfolio. The Fund may invest in any or all of the Underlying Funds within an asset class, but will not normally invest in every Underlying Fund at one time. Selection of individual Underlying Funds is based on several factors, including, but not limited to, past performance and total portfolio characteristics (e.g., size, style, credit quality and duration).
For cash management purposes, the Fund may hold a portion of its assets in U.S. government securities, cash or cash equivalents. The Fund also may invest in Underlying Funds that are money market funds. New York Life Investments monitors the Fund's portfolio daily to ensure that the Fund's actual asset class allocations among the Underlying Funds 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, regardless of its normal asset class allocations, 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 Fund."
MGDRX Holdings
Top 10 holdings of MainStay Moderate Growth Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NYLIM U.S. Government Liquidity Fund | 9.52% |
| NYLIM US Large Cap R&D Leaders ETF | 8.60% |
| NYLIM Candriam U.S. Mid Cap Equity ETF | 8.52% |
| NYLIM Candriam U.S. Large Cap Equity ETF | 6.73% |
| NYLIM WMC Growth Fund | 5.66% |
| NYLIM WMC Small Companies Fund | 5.35% |
| NYLIM Floating Rate Fund | 5.05% |
| NYLIM Candriam International Equity ETF | 5.05% |
| NYLIM S&P 500 Index Fund | 5.03% |
| NYLIM Epoch International Choice Fund | 4.71% |
MGDRX Portfolio Allocation
Asset-class allocation of MainStay Moderate Growth Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 90.2% |
| Cash & Equivalents | 9.5% |
MGDRX Performance
Total returns for MGDRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.5% |
| 3 years (annualised) | 4.4% |
MGDRX Risk Information
Risk metrics for MGDRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.5%
MGDRX Costs and Fees
MGDRX costs about $123 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.23%
- Gross expense ratio: 1.23%
- Portfolio turnover: 17%
- Brokerage commissions: 2.37 bps of average net assets (SEC N-CEN)
MGDRX Cashflows
Over the 12 months to 2026-04, MainStay Moderate Growth Allocation Fund had net outflows of $30.73M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$4.44M |
| 2026-03 | −$5.61M |
| 2026-02 | −$6.71M |
| 2026-01 | −$6.38M |
| 2025-12 | $34.01M |
| 2025-11 | −$4.93M |
MGDRX Debt Constituents
No individual debt constituents are reported in MainStay Moderate Growth Allocation Fund's latest SEC N-PORT filing.
MGDRX Prospectus and SEC Filings
Official MainStay Moderate Growth Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-26
- Prospectus (485BPOS) — filed 2025-02-25
- Prospectus supplement (497) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-23
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-26
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Alternative funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.