We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
New York Life Investments, a subsidiary of New Life Insurance Company of New York, has a multi-boutique investment approach to global asset management. It provides investment strategies across equities, fixed-income and alternative assets and manages $740 billion in assets. Its mutual funds incorporate environmental, social and governance (ESG) factors into the investment process. These features make New York Life Investments an appealing investment option.
We have chosen three NY Life Investments mutual funds — NYLI Epoch Global Equity Yield (EPSRX - Free Report) , NYLI MacKay Convertible (MCOAX - Free Report) and NYLI Winslow Large Cap Growth (MLRSX - Free Report) — that investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided a comparatively stronger performance and carry a lower fee.
NYLI Epoch Global Equity Yield Class fund invests most of its assets in equity securities of companies across all market capitalizations that pay out dividends. EPSRX advisors also invest in securities issued by companies in emerging markets.
Kera Van Valen has been the lead manager of EPSRX since Feb. 28, 2014. Most of the fund’s holdings were in companies like Broadcom Inc. (2.2%), Microsoft Corp. (2.1%) and International Business Machines Corp. (2%) as of Oct. 31, 2024.
EPSRX’s 3-year and 5-year annualized returns are 9% and 8.3%, respectively. Its net expense ratio is 0.74%. EPSRX has a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
NYLI MacKay Convertible fund invests most of its assets in convertible securities, including bonds, debentures, corporate notes, and preferred stocks. MCOAX advisors also invest in non-convertible debt, equity securities, U.S. government securities, and cash equivalents.
Edward Silverstein has been the lead manager of MCOAX since May 1, 2001. Most of the fund’s holdings were in companies like Lantheus Holdings, Inc. (2.4%), Tetra Tech, Inc. (2.3%) and NRG Energy, Inc. (2%) as of Oct. 31, 2024.
MCOAX’s 3-year and 5-year annualized returns are 3.7% and 9.3%, respectively. Its net expense ratio is 0.94%. MCOAX has a Zacks Mutual Fund Rank #1.
NYLI Winslow Large Cap Growth fund invests a majority of its assets in large-cap companies. MLRSX advisors also invest in domestic and foreign securities.
Justin H. Kelly has been the lead manager of MLRSX since Oct. 28, 2005. Most of the fund’s holdings were in companies like Microsoft Corp. (9.7%), NVIDIA Corp. (9%) and Amazon.com, Inc. (6.9%) as of Oct. 31, 2024.
MLRSX’s 3-year and 5-year annualized returns are 14% and 17.4%, respectively. Its net expense ratio is 0.62%. MLRSX has a Zacks Mutual Fund Rank #2.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
3 NY Investments Mutual Funds for Solid Gains
New York Life Investments, a subsidiary of New Life Insurance Company of New York, has a multi-boutique investment approach to global asset management. It provides investment strategies across equities, fixed-income and alternative assets and manages $740 billion in assets. Its mutual funds incorporate environmental, social and governance (ESG) factors into the investment process. These features make New York Life Investments an appealing investment option.
We have chosen three NY Life Investments mutual funds — NYLI Epoch Global Equity Yield (EPSRX - Free Report) , NYLI MacKay Convertible (MCOAX - Free Report) and NYLI Winslow Large Cap Growth (MLRSX - Free Report) — that investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided a comparatively stronger performance and carry a lower fee.
NYLI Epoch Global Equity Yield Class fund invests most of its assets in equity securities of companies across all market capitalizations that pay out dividends. EPSRX advisors also invest in securities issued by companies in emerging markets.
Kera Van Valen has been the lead manager of EPSRX since Feb. 28, 2014. Most of the fund’s holdings were in companies like Broadcom Inc. (2.2%), Microsoft Corp. (2.1%) and International Business Machines Corp. (2%) as of Oct. 31, 2024.
EPSRX’s 3-year and 5-year annualized returns are 9% and 8.3%, respectively. Its net expense ratio is 0.74%. EPSRX has a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
NYLI MacKay Convertible fund invests most of its assets in convertible securities, including bonds, debentures, corporate notes, and preferred stocks. MCOAX advisors also invest in non-convertible debt, equity securities, U.S. government securities, and cash equivalents.
Edward Silverstein has been the lead manager of MCOAX since May 1, 2001. Most of the fund’s holdings were in companies like Lantheus Holdings, Inc. (2.4%), Tetra Tech, Inc. (2.3%) and NRG Energy, Inc. (2%) as of Oct. 31, 2024.
MCOAX’s 3-year and 5-year annualized returns are 3.7% and 9.3%, respectively. Its net expense ratio is 0.94%. MCOAX has a Zacks Mutual Fund Rank #1.
NYLI Winslow Large Cap Growth fund invests a majority of its assets in large-cap companies. MLRSX advisors also invest in domestic and foreign securities.
Justin H. Kelly has been the lead manager of MLRSX since Oct. 28, 2005. Most of the fund’s holdings were in companies like Microsoft Corp. (9.7%), NVIDIA Corp. (9%) and Amazon.com, Inc. (6.9%) as of Oct. 31, 2024.
MLRSX’s 3-year and 5-year annualized returns are 14% and 17.4%, respectively. Its net expense ratio is 0.62%. MLRSX has a Zacks Mutual Fund Rank #2.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>