The MainStay Equity Allocation Fund Class B (ticker: MGXBX) is a mutual fund that primarily invests in a mix of stocks and bonds. It aims to provide investors with long-term capital appreciation by strategically allocating its assets across various equity and fixed income securities. This fund is suitable for investors seeking a balanced and diversified portfolio with a moderate level of risk. It is managed by MainStay Investments and has a focus on long-term growth potential.