Strategies

Explore ICAP's Strategies

  • MainStay ICAP Equity Fund

    The Fund seeks total return and uses a team approach with a primarily large-cap value oriented investment style. The Fund invests primarily in U.S. dollar-denominated equity securities of companies with market capitalizations of at least $3 billion at time of purchase. Portfolios invested in the ICAP Equity mandate typically hold 40 to 50 stocks. Individual positions generally do not exceed 5% of the total portfolio.

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  • MainStay ICAP International Fund

    The Fund seeks total return, and uses a team approach with a primarily large-cap value oriented investment style. The ICAP International strategy invests in equity securities of foreign companies that generally have market capitalizations of at least $3 billion at time of purchase. The portfolio will typically hold between 30 and 50 securities. Individual positions can be greater than 5% but will not exceed 8% of the total portfolio.

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  • MainStay ICAP Select Equity Fund

    The Fund seeks total return, and uses a team approach with a primarily large-cap value oriented investment style. The Fund invests primarily in U.S. dollar-denominated equity securities of companies with market capitalizations of at least $3 billion at time of purchase. In the ICAP Select Equity mandate, position sizes can be greater than 5% but will not exceed 8% of the total portfolio. A portfolio in this concentrated mandate typically holds 25 to 30 names.

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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.

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 its affiliate, Institutional Capital LLC, a federally registered advisor, to subadvise the Funds. MainStay Investments® is a registered service mark and name under which New York Life Investment Management LLC does business. New York Life Investment Management LLC serves as the investment manager of the MainStay Funds. The MainStay Funds® are managed by New York Life Investment Management LLC and distributed through 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 FINRA/SIPC.

MainStay ICAP Equity Fund and MainStay ICAP Select Equity Fund: By concentrating in a smaller number of investments, the Fund’s risk is increased because each investment has a greater effect on the Fund’s performance. 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. Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political 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. Issuers of convertible securities may not be as financially strong as those issuing securities with higher credit ratings and are more vulnerable to economic changes. Investment in REITs carries with it many of the risks associated with direct ownership of real estate, including decline in property values, extended vacancies, increases in property taxes, and changes in interest rates.

MainStay ICAP Global Fund and MainStay ICAP International Fund: 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. 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. Mid-capitalization companies are generally less established and their stocks may be more volatile and less liquid than the securities of larger companies. Issuers of convertible securities may not be as financially strong as those issuing securities with higher credit ratings and are more vulnerable to changes in the economy. By concentrating in a smaller number of investments, the Fund’s risk is increased because each investment has a greater effect on the Fund’s performance. The Fund may invest in derivatives, which may increase the volatility of the Fund’s net asset value and may result in a loss to the Fund. Investment in REITs carries with it many of the risks associated with direct ownership of real estate, including decline in property values, extended vacancies, increases in property taxes, and changes in interest rates.