MainStay Large Cap Growth Fund Class A
MLAAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 51 Madison Ave New York NY United States of America 10010
- IPO Date
- Jul 7, 1995
- CIK
- 0000787441
- Website
- nylim.com
- Similar Companies
- Business
- NYLI Winslow Large Cap Growth Fund Class A (MLAAX) is an open-end mutual fund that seeks long-term growth of capital by investing at least 80% of its net assets in equity securities of large capitalization U.S. companies with market capitalizations generally exceeding $4 billion at the time of purchase; the fund employs a fundamental, active growth equity strategy managed by subadvisor Winslow Capital Management, focusing on high-quality growth companies across three complementary types—diversified innovators, consistent compounders, and emerging disruptors—to provide long-term growth potential while mitigating downside risk through a "no preferred habitat" approach that avoids sector or style biases. It offers multiple share classes including Class A (front-end load with maximum 5.5% initial sales charge), Class I, Class C, Class INV, Class R1 through R6, and Class B, with adjusted expense ratios ranging from 0.82% for Class I to 1.94% for Class C, an 81% portfolio turnover rate, and top holdings such as Microsoft Corp (10.39%), NVIDIA Corp (9.22%), Amazon.com Inc (7.13%), Apple Inc (6.13%), and Meta Platforms Inc (4.92%) as of recent data; the fund may allocate up to 20% of assets to foreign securities, including emerging markets, and is benchmarked against the Russell 1000 Growth Index within the large growth category. New York Life Investments (NYLI), the fund's adviser and part of New York Life Insurance Company, provides strategic oversight through its multi-boutique platform, while Winslow Capital Management, a specialized growth equity firm with portfolio managers possessing over 100 years of combined experience (including Justin Kelly, Patrick Burton, Peter A. Dlugosch, and Steven M. Hamill), handles day-to-day portfolio management. The fund operates primarily in the U.S. large-cap growth equity segment, targeting institutional and retail investors such as financial advisors, retirement plans, and individual shareholders seeking exposure to high-growth companies in technology, consumer cyclical, and communication services sectors; it is distributed nationwide through broker-dealers, retirement platforms, and financial intermediaries. Originally launched in 1995 as part of MainStay Funds (with inception around June 30 for Class A), it underwent a significant reorganization on April 1, 2005, when the FMI Winslow Growth Fund merged into MainStay Large Cap Growth Fund, and was recently renamed from MainStay Winslow Large Cap Growth Fund to NYLI Winslow Large Cap Growth Fund effective in late 2024 as part of New York Life Investments' broader rebranding of MainStay and IndexIQ products to align under the NYLI umbrella; the fund has approximately $14.8-$16.3 billion in total assets under management across classes. Recent enhancements include Morningstar's upgrade to the People Pillar rating due to the experienced team's bolstered resources and strong strategy execution, alongside ongoing portfolio adjustments such as adding positions in Amazon.com and Microsoft amid generative AI growth themes while trimming holdings like Alphabet and Intuit; no major acquisitions, funding rounds, or new product launches specific to this fund were reported in 2024-2025, though NYLI continues to evolve its mutual fund lineup under new SEC regulations effective July 2024 for open-end funds. The fund is headquartered in Jersey City, New Jersey, under New York Life Investments, with subadvisor Winslow Capital Management based in Minneapolis, Minnesota, and serves investors across the United States without notable international operations for this share class.