Investment Management

At the core of the MainStay success story is a multi-boutique structure that consists of autonomous institutional asset managers, each of which is highly specialized, with a unique investment focus, process, and philosophy.

A multi-boutique model allows us to seek out the best investment talent in the industry. Each boutique preserves the integrity of its own investment process and culture. MainStay’s boutiques are highly specialized, each offering a disciplined investment approach and long-term performance strategies in their respective areas of expertise.

1. Source: Simfund as of 12/31/13. Total AUM includes MainStay Funds and MainStay VP Portfolios.

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), two taxable-bond funds, and one tax-exempt fund. Fund loads and 12b-1 fees aren't included in the calculation of returns because the aim is to measure the manager's skill. To determine the overall rank for each fund family, Lipper calculates a weighted overall return based on the overall asset mix in Lipper's database.

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.