A list of top-performing managers in 39 asset classes was identified by Institutional Investor magazine’s editorial and research teams, based on data provided by eVestment. Award based on track record of institutional strategies. For a detailed explanation on award methodology, visit www.usinvestmentawards.com. MainStay ranked number three, four, five, and four in the tax-exempt bond category for 2015, 2014, 2012, and 2010, respectively.
To qualify for the Lipper/Barron’s Fund Survey, a fund family must have at least three funds in Lipper’s general U.S.-stock category, one in world equity (which combines global and international funds), one mixed-equity fund (which holds stocks and bonds), at least two taxable-bond funds, and one tax-exempt offering. Each fund’s returns are adjusted for 12b-1 fees. Fund loads, or sales charges, aren’t included in the calculation of returns, either. Each fund’s return is measured against those of all funds in its Lipper category. Percentile ranking, with 100 being the highest and 1 the lowest, is weighted by asset size, relative to the fund family’s other assets in its general classification, world equity. If a family’s biggest funds do well, that boosts its overall ranking. Poor performance in a big fund would have the opposite effect. Finally, the score is multiplied by the weighting of its general classification, as determined by the entire Lipper universe of funds. The fund family with the highest score wins, both for every category and overall. The same process is repeated for the five- and 10-year rankings based on their weightings. Ranking data is from Lipper. Source: Barron’s, 2/08/16.
Source: Barron's, 2/10/14. Overall, MainStay Funds ranked number 28 for the one-year period, 22 for the five-year period, and seven for the 10-year period ended December 31, 2013, out of 64, 55, and 48 fund families, respectively. MainStay ranked number one from among 46 fund families for the 10-year period in 2012.MainStay ranked number three for the 10-year period in 2009, 2010, and 2011 from among 48, 46, and 45 fund families, respectively. MainStay ranked number six from among 48 fund families for the 10-year period in 2008. Past performance is no guarantee of future results, which will vary. All mutual funds are subject to market risk and will fluctuate in value.