ICAP Investment Team

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.

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    MainStay ICAP Equity Fund

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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.

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    MainStay ICAP International Fund

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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. A portfolio in this concentrated mandate typically holds 25 to 30 names.

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    MainStay ICAP Select Equity Fund

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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, 30 Hudson Street, Jersey City, NJ 07302, a wholly owned subsidiary of New York Life Insurance Company. NYLIFE Distributors LLC is a Member FINRA/SIPC.

Before you invest

Before considering an investment in the Fund, you should understand that you could lose money.

MainStay ICAP Equity Fund and MainStay ICAP Select Equity Fund (the “Funds”)
The Funds invest in a limited number of securities. By concentrating in a smaller number of investments, the Funds’ risks are increased because each investment has a greater effect on the Funds’ performance. The principal risk of investing in value stocks is that the price of the security may not approach its anticipated value. Investing in mid-cap stocks may carry more risk than investing in stocks of larger, more well-established companies.

Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. These risks may 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. An investment in real estate securities is subject to greater price volatility and the special risks associated with investments in such funds.

MainStay ICAP International Fund
The Fund invests in a limited number of securities. 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. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. These risks may be greater for emerging markets. Investing in mid-cap stocks may carry more risk than investing in stocks of larger, more well-established companies. 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. 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. The Fund may invest in derivatives, which may increase the volatility of the Fund’s NAV and may result in a loss to the Fund.