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MainStay Growth Allocation Fund Class B (MGDBX)

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17.07+0.04 (+0.23%)
At close: 8:01PM EDT

MainStay Growth Allocation Fund Class B

Mainstay Funds Trust

169 Lackawanna Ave

Parsippany NJ 07054

Management Information
Jonathan Swaney,Lead Manager since April 3, 2005
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.
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryAllocation--70% to 85% Equity
Fund FamilyNew York Life Investment Management LLC
Net Assets893.13M
YTD Return9.41%
Morningstar Rating★★
Inception DateApr 3, 2005

Fund Operations

Last Dividend0.02
Last Cap Gain0.00
Holdings Turnover47.00%
Average for CategoryN/A

Fees & Expenses

ExpenseMGDBXCategory Average
Annual Report Expense Ratio (net)1.42%0.72%
Prospectus Net Expense Ratio1.42%N/A
Prospectus Gross Expense Ratio1.42%N/A
Max 12b1 Fee0.50%N/A
Max Front End Sales LoadN/A5.03%
Max Deferred Sales Load5.00%1.40%
3 Yr Expense Projection952N/A
5 Yr Expense Projection1,328N/A
10 Yr Expense Projection2,251N/A