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NYLIM Moderate Allocation SIMPLE Class Overview

NYLIM Moderate Allocation SIMPLE Class (MMRSX) is an actively managed Allocation Global Moderate Allocation fund. New York Life Investment Management LLC launched the fund in 2020.

The investment seeks long-term growth of capital and, secondarily, current income. The fund is a "fund of funds" that seeks to achieve its investment objective by investing primarily in mutual funds and ETFs managed by New York Life Investments or its affiliates. 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 funds, and approximately 40% (within a range of 30% to 50%) of its assets in Underlying Fixed-Income funds.

About NYLIM Moderate Allocation SIMPLE Class (MMRSX)

There are 2 members of the management team with an average tenure of 11.40 years: Migene Kim (2025), Jonathan Swaney (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 S&P 500 (TR) (1970) index with a weighting of 100%. NYLIM Moderate Allocation SIMPLE Class has 38 securities in its portfolio. The top 10 holdings constitute 61.8% 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.

NYLIM Moderate Allocation SIMPLE Class is part of the Allocation global asset class and is within the Allocation fund group. NYLIM Moderate Allocation SIMPLE Class has 17.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 40.1%. There is 15.3% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 33.1% (30.5% domestic bond, 2.6% foreign bond and 0.0% convertible bond). NYLIM Moderate Allocation SIMPLE Class has 11.3% of the portfolio in cash.

Assets Under Management

The fund has $18 million in total assets, which is below the $959 million average for the Global Moderate Allocation 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.

MMRSX 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 NYLIM Moderate Allocation SIMPLE Class expense ratio is high compared to funds in the Global Moderate Allocation category. NYLIM Moderate Allocation SIMPLE Class has an expense ratio of 1.13%, which is 8% higher than its category average, making the fund expense ratio grade a D. 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. NYLIM Moderate Allocation SIMPLE 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 65% for the Global Moderate Allocation category.

Recently, in the month of August 2026, NYLIM Moderate Allocation SIMPLE Class returned 1.6%, which earned it a grade of C, as the Global Moderate Allocation category had an average return of 1.6%. 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.

NYLIM Moderate Allocation SIMPLE Class has a trailing yield of 1.58%, which is below the 2.59% category average. The fund normally distributes its income 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.

NYLIM Moderate Allocation SIMPLE Class Grades

Year to date, the fund has returned 8.6%, 1.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 12.7% over the past year (grade of D), 11.2% over the past three years (grade of F) and 5.0% per year over the past five years (grade of F) and 6.9% per year over the past 10 years (grade of D).

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