The MainStay Conservative ETF Allocation Fund Class I (ticker: MNELX) is a mutual fund that focuses on providing a conservative investment strategy through a diversified portfolio of exchange-traded funds (ETFs). This fund is designed for investors seeking a lower risk option with a mix of fixed income and equity investments. With a focus on capital preservation and income generation, MNELX aims to provide steady returns over the long term. As a Class I fund, it is typically only available to institutional investors and may have lower fees compared to other classes of the same fund.