The MainStay Moderate ETF Allocation Fund Class I (MDAIX) is a mutual fund that aims to provide investors with a balanced and diversified portfolio by investing in a mix of exchange-traded funds (ETFs). This fund is designed for moderate risk tolerance investors who are seeking a combination of growth and income. MDAIX offers exposure to a variety of asset classes, including stocks, bonds, and alternative investments, to help investors achieve their long-term financial goals. With a focus on low-cost ETFs, this fund offers a cost-effective way to access a diversified portfolio.