Fund Evaluator:

NYLI Winslow Large Cap Growth Class I Overview

NYLI Winslow Large Cap Growth Class I (MLAIX) is an actively managed U.S. Equity Large Growth fund. New York Life Investment Management LLC launched the fund in 2005.

The investment seeks long-term growth of capital. The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in large capitalization companies, which are companies having a market capitalization in excess of $4 billion at the time of purchase. The Subadvisor invests substantially all of the fund's investable assets in domestic securities. However, the fund is permitted to invest up to 20% of its net assets in foreign securities. An issuer of a security is considered to be a U.S. or foreign issuer based on the issuer’s “country of risk” (or similar designation) as determined by a third-party such as Bloomberg.

About NYLI Winslow Large Cap Growth Class I (MLAIX)

There are 3 members of the management team with an average tenure of 12.51 years: Patrick Burton (2013), Steve Hamill (2023), Justin Kelly (2005). 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 Winslow Large Cap Growth Class I has 58 securities in its portfolio. The top 10 holdings constitute 47.8% 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 Winslow Large Cap Growth Class I is part of the Equity global asset class and is within the U.S. Equity fund group. NYLI Winslow Large Cap Growth Class I has 2.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.2%. There is 2.9% 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 Winslow Large Cap Growth Class I has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $6 billion in total assets, which is above 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.

MLAIX 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 Winslow Large Cap Growth Class I expense ratio is above average compared to funds in the Large Growth category. NYLI Winslow Large Cap Growth Class I has an expense ratio of 0.69%, which is 28% lower than its category average, making the fund expense ratio grade a B. 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 Winslow Large Cap Growth Class I has a portfolio turnover rate of 84%, 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 Winslow Large Cap Growth Class I returned -4.4%, which earned it a grade of D, 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 Winslow Large Cap Growth Class I 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 Winslow Large Cap Growth Class I Grades

Year to date, the fund has returned 1.0%, 2.7 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.3% over the past year (grade of D), 18.3% over the past three years (grade of C) and 9.3% per year over the past five years (grade of C) and 16.3% per year over the past 10 years (grade of B).

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