Before you invest
The principal risk of investing in value stocks is that the price of the security may not approach its anticipated value or may decline in value. Mid-capitalization companies are generally less established and their stocks may be more volatile and less liquid than the securities of larger companies. Stocks of small companies may be subject to higher price volatility, significantly lower trading volumes, and greater spreads between bid and ask prices than stocks of larger companies. Small-capitalization companies may be more vulnerable to adverse business or market developments than mid- or large-capitalization companies. Foreign securities may be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging markets than in developed markets. Funds that invest in bonds are subject to interest-rate risk and can lose principal value when interest rates rise. Bonds are also subject to credit risk, in which the bond issuer may fail to pay interest and principal in a timely manner, or that negative perception of the issuer’s ability to make such payments may cause the price of that bond to decline.
Annualized Performance: MainStay Epoch Global Equity Yield Fund
|Period ended 9/30/15||1 year||5 years||Since inception|
|Class A (NAV)||-6.23%||8.60%||5.51% (8/2/06)|
|Class A (Max. 5.5% load)||-11.39||7.38||4.86 (8/2/06)|
Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than the figures shown. Investment return and principal value will fluctuate, so that upon redemption, shares may be worth more or less than their original cost. For performance information current to the most recent month end, visit our web site at mainstayinvestments.com.
Total annual operating expenses for Class A: 1.07%.
As of 9/30/15, Morningstar rated MainStay Epoch Global Equity Yield Fund Class A shares three stars overall and two stars and three stars for the three- and five-year periods from among 1,001 and 758 World Stock funds, respectively. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the next 10% receive one star.
All holdings and sector weightings are as of 9/30/15, and are not indicative of future holdings or weightings, and may change daily. MainStay Epoch Global Equity Yield Fund’s top 10 holdings were as follows: National Grid PLC (2.1% of net assets), Philip Morris International, Inc. (2.0%), AT&T, Inc. (1.9%), BCE, Inc. (1.8%), TECO Energy, Inc. (1.8%), Welltower, Inc. REIT (1.8%), Verizon Communications, Inc. (1.7%), Vodafone Group PLC (1.7%), Reynolds American, Inc. (1.7%), Muenchener Rueckversicherungs-Gesellschaft A.G. (1.7%). Past performance is no guarantee of future results.
For more information about MainStay Funds®, call 800-MAINSTAY (624-6782) for a prospectus or summary prospectus. Investors are asked to consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus or summary prospectus contains this and other information about the investment company. Please read the prospectus or summary prospectus carefully before investing.
New York Life Investment Management LLC engages the services of Epoch Investment Partners, Inc., a non-affiliated federally registered advisor, to subadvise some funds. MainStay Investments® is a registered service mark and name under which New York Life Investment Management LLC does business. MainStay Investments, an indirect subsidiary of New York Life Insurance Company, New York, NY 10010, provides investment advisory products and services. Securities are distributed by NYLIFE Distributors LLC, 169 Lackawanna Avenue, Parsippany, NJ 07054, a wholly owned subsidiary of New York Life Insurance Company. NYLIFE Distributors LLC is a member of FINRA/SIPC.