MDAIX: MainStay Moderate ETF Allocation I

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MDAIX MainStay Moderate ETF Allocation I


Profile

MDAIX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $14.7 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$10.42
$10.11
$10.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    MainStay Moderate ETF Allocation Fund
  • Fund Family Name
    MainStay
  • Inception Date
    Jun 30, 2020
  • Shares Outstanding
    192500
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jae Yoon

Fund Description

The fund is a "fund of funds" that seeks to achieve its investment objective by investing in unaffiliated passively-managed exchange-traded funds (the "Underlying ETFs"). It seeks to achieve its investment objective by normally investing approximately 60% (within a range of 50% to 70%) of its assets in Underlying Equity ETFs and approximately 40% (within a range of 30% to 50%) of its assets in Underlying Fixed-Income ETFs. The fund may invest approximately 15% (within a range of 5% to 25%) of its assets in Underlying International Equity ETFs.


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Categories

MDAIX - Mutual Fund Categories


Performance

MDAIX - Performance

Return Ranking - Trailing

Period MDAIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -18.6% 5.2% N/A
1 Yr N/A -29.5% 6.6% N/A
3 Yr N/A* -24.8% 6.2% N/A
5 Yr N/A* -16.1% 4.7% N/A
10 Yr N/A* -6.7% 7.9% N/A

* Annualized

Return Ranking - Calendar

Period MDAIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -29.5% 15.5% N/A
2018 N/A -64.7% 0.0% N/A
2017 N/A 0.0% 13.2% N/A
2016 N/A 0.0% 8.7% N/A
2015 N/A -12.7% 0.0% N/A

Total Return Ranking - Trailing

Period MDAIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -18.6% 5.2% N/A
1 Yr N/A -29.5% 6.6% N/A
3 Yr N/A* -24.8% 6.2% N/A
5 Yr N/A* -16.1% 5.8% N/A
10 Yr N/A* -6.7% 7.9% N/A

* Annualized

Total Return Ranking - Calendar

Period MDAIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -29.5% 15.5% N/A
2018 N/A -64.7% 0.0% N/A
2017 N/A 0.0% 19.9% N/A
2016 N/A 0.0% 10.2% N/A
2015 N/A -12.2% 0.0% N/A

NAV & Total Return History


Holdings

MDAIX - Holdings

Concentration Analysis

MDAIX Category Low Category High MDAIX % Rank
Net Assets 14.7 M 1.39 M 860 M 47.37%
Number of Holdings N/A 7 729 N/A
Net Assets in Top 10 N/A 1.02 M 797 M N/A
Weighting of Top 10 N/A 24.2% 100.0% N/A

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High MDAIX % Rank
Stocks
0.00% 2.67% 82.30% N/A
Preferred Stocks
0.00% 0.00% 2.43% N/A
Other
0.00% -0.73% 12.33% N/A
Convertible Bonds
0.00% 0.00% 10.15% N/A
Cash
0.00% 0.32% 66.50% N/A
Bonds
0.00% 0.00% 74.90% N/A

Expenses

MDAIX - Expenses

Operational Fees

MDAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.44% 15.75% N/A
Management Fee 0.20% 0.00% 1.50% 60.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.30% N/A

Sales Fees

MDAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MDAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MDAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 13.00% 315.00% N/A

Distributions

MDAIX - Distributions

Dividend Yield Analysis

MDAIX Category Low Category High MDAIX % Rank
Dividend Yield 0.00% 0.00% 8.56% 40.00%

Dividend Distribution Analysis

MDAIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

MDAIX Category Low Category High MDAIX % Rank
Net Income Ratio N/A -0.83% 3.74% N/A

Capital Gain Distribution Analysis

MDAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MDAIX - Fund Manager Analysis

Managers

Jae Yoon


Start Date

Tenure

Tenure Rank

Jun 30, 2020

0.17

0.2%

Jae Yoon, CFA. From 2005-2009, Mr. Yoon was employed by New York Life Investments where he led the Investment Consulting Group. In 2009, Mr. Yoon joined MacKay Shields LLC as a Senior Managing Director responsible for Risk Management. In his role at MacKay Shields, Mr. Yoon worked side-by-side with the portfolio managers directly enhancing the risk management processes across all portfolios. In January 2011, Mr. Yoon re-joined New York Life Investments and leads the Investment Consulting Group. Mr. Yoon obtained a B.S. and a Masters degree from Cornell University and attended New York University’s Stern School of Business MBA program. He earned his Chartered Financial Analyst designation in 1998 and has been in the investment industry since 1991.

Amit Soni


Start Date

Tenure

Tenure Rank

Jun 30, 2020

0.17

0.2%

Amit Soni joined New York Life Investments in 2013 as a Senior Associate in the Strategic Asset Allocation and Solutions Group. Mr. Soni focuses on quantitative and macro-economic investment research and portfolio management for the funds managed by the team. Prior to joining New York Life Investments, he worked as an Investment Associate in the Global Asset Allocation group at Putnam Investments. He holds a Master’s degree from the Massachusetts Institute of Technology in Computation for Design and Optimization and a Bachelors degree from the Indian Institute of Technology Kanpur (India) in Mechanical Engineering. He holds the CFA® designation and has been in the investment industry since 2008.

Jonathan Swaney


Start Date

Tenure

Tenure Rank

Jun 30, 2020

0.17

0.2%

Jonathan Swaney was an employee of New York Life Investments from 1997-2009 and was responsible both for managing quantitative equity portfolios and performing research at New York Life Investments’ Equity Investors Group. Also within New York Life Investments, Mr. Swaney previously worked with the Investment Consulting Group and was a portfolio manager with the Quantitative Strategies unit. In 2009, Mr. Swaney joined Madison Square Investors LLC, an indirect, wholly-owned subsidiary of New York Life. While at Madison Square Investors LLC, Mr. Swaney was responsible both for managing quantitative equity portfolios and performing research. In January 2011, Mr. Swaney re-joined New York Life Investments as part of the Investment Consulting Group. Mr. Swaney began his career in financil services working on the fixed income desk at the Vanguard Group after earned his B.A. in Political Science from The College of William & Mary in 1991. He also spent several years with a hedge fund of funds before coming to New York Life Investments in 1997.

Poul Kristensen


Start Date

Tenure

Tenure Rank

Jun 30, 2020

0.17

0.2%

Poul Kristensen joined New York Life Investments in 2011 as a Director in the Multi-Asset Solutions Group. Mr. Kristensen is currently a Managing Director and focuses on global macroeconomic trends and investment strategy. Prior to joining New York Life Investments, he worked as a senior investment strategist for Danske Bank where he advised major pension funds on asset allocation. Mr. Kristensen holds a Master’s degree in economics from Asrhus University in Denmark, is a CFA charterholder and is also certified in quantitative finance (CQF designation).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 6.64 1.82 0.17