The MainStay Conservative ETF Allocation Fund Simple Class (MNEVX) is a mutual fund that focuses on providing a conservative investment strategy through a diversified portfolio of exchange-traded funds (ETFs). This fund aims to provide stable returns with lower risk by investing in a mix of fixed income and equity ETFs. The "Simple Class" designation indicates that this fund has a simplified fee structure and is suitable for investors seeking a straightforward investment option. MNEVX is a suitable choice for those looking for a conservative approach to investing in the stock market.