The MainStay Conservative ETF Allocation Fund Class A (MNEAX) is a mutual fund that focuses on providing a conservative investment approach through a diversified portfolio of exchange-traded funds (ETFs). This fund aims to provide investors with a balanced mix of income and capital appreciation by investing in a variety of asset classes, including stocks, bonds, and cash equivalents. With a focus on risk management and a long-term investment horizon, MNEAX is suitable for investors seeking a more conservative investment option.