Fund Evaluator:
NYLI WMC Growth Investor Class (KLGNX)
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Fund Details
NYLI WMC Growth Investor Class Overview
NYLI WMC Growth Investor Class (KLGNX) is an actively managed U.S. Equity Large Growth fund. New York Life Investment Management LLC launched the fund in 2013.
The investment seeks long-term growth of capital. The fund invests primarily in stocks of large-capitalization U.S. companies considered to have above-average earnings growth potential and reasonable stock prices in comparison with expected earnings. Under normal circumstances, at least 80% of its assets will be invested in securities issued by U.S. companies. The Subadvisor employs a traditional, bottom-up fundamental research approach to identify securities that possess sustainable growth at reasonable valuations.
About NYLI WMC Growth Investor Class (KLGNX)
There are 2 members of the management team with an average tenure of 2.42 years: Matthew Hudson (2025), Clark Shields (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 1000 Growth TR USD index with a weighting of 100%. NYLI WMC Growth Investor Class has 58 securities in its portfolio. The top 10 holdings constitute 50.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
NYLI WMC Growth Investor Class is part of the Equity global asset class and is within the U.S. Equity fund group. NYLI WMC Growth Investor Class has 4.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.2%. There is 4.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). NYLI WMC Growth Investor Class has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $57 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
KLGNX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The NYLI WMC Growth Investor Class expense ratio is high compared to funds in the Large Growth category. NYLI WMC Growth Investor Class has an expense ratio of 1.32%, which is 37% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. NYLI WMC Growth Investor Class has a portfolio turnover rate of 38%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.
Recently, in the month of July 2026, NYLI WMC Growth Investor Class returned -5.9%, which earned it a grade of F, as the Large Growth category had an average return of -3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
NYLI WMC Growth Investor Class has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
NYLI WMC Growth Investor Class Grades
Year to date, the fund has returned -2.7%, 6.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.3% over the past year (grade of F), 14.4% over the past three years (grade of F) and 5.7% per year over the past five years (grade of F) and 12.2% per year over the past 10 years (grade of F).
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KLGNX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| KLGNX Return (NAV) | -5.9% | -2.5% | 2.3% | 14.4% | 5.7% | 12.2% |
| KLGNX Grade | F | F | F | F | F | F |
| +/- Category | -2.8% | -4.3% | -6.7% | -3.7% | -3.0% | -3.2% |
| Large Growth Avg | -3.1% | 1.7% | 9.1% | 18.1% | 8.7% | 15.4% |
| KLGNX Tax Cost Ratio | na | na | 0.8% | 0.6% | 1.7% | 1.6% |
KLGNX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| KLGNX Return (NAV) | -2.7% | 16.3% | 25.3% | 37.7% | -33.7% | 17.1% | 31.5% | 29.1% | -4.7% | 29.7% | -0.1% |
| KLGNX Grade | F | C | D | C | D | D | D | F | F | C | D |
| +/- Category | -6.4% | 0.6% | -4.4% | -1.1% | -1.6% | -3.3% | -10.8% | -4.1% | -4.0% | -0.1% | -2.9% |
| Large Growth Avg | 3.7% | 15.7% | 29.7% | 38.9% | -32.1% | 20.4% | 42.3% | 33.2% | -0.7% | 29.8% | 2.7% |
| Risk Measures | |
| Standard Deviation: | 16.4% |
| Total Risk Index: | 1.34 - High |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (33% Rank) |
| Beta: | 1.17 |
| R-Squared: | 87% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $981 Mil |
| Fund Total Assets: | $ 58 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 38% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.4 years | |||
| Average Tenure: 2.4 years | |||
| Managers (Year): Shields Clark (2023), Hudson Matthew (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 58 |
| % in Top 10 Holdings: | 50.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.2% |
Portfolio Allocation |
|
| Domestic Stock: | 95.2% |
| Foreign Stock: | 4.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | New York Life Investment Management LLC |
| Phone Number: | 800-624-6782 |
| Website: | www.mainstayinvestments.com |
| Status: | Open |
| Inception Date: | January 18, 2013 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.32% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | NYLI WMC Growth Class A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
