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| MainStay Small Cap Value Fund |
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Get to know each MainStay Fund with these in-depth views. Simply click on the tabs below for related information. |
| Fund Performance
| Share Class (Inception) |
Category:
Equity |
YTD % |
1 Year % |
3 Year % |
5 Year % |
10 Year % |
Since Incep. % |
| Average Annual Total Returns as of 04/30/2008 |
| NAV: |
| Class A (06/01/1998) |
-0.90 |
-16.60 |
0.67 |
7.86 |
n/a |
6.50 |
| Class INV (02/28/2008) |
-0.67 |
-16.41 |
0.75 |
7.90 |
n/a |
6.53 |
| Class B (06/01/1998) |
-1.00 |
-17.12 |
-0.04 |
7.06 |
n/a |
5.72 |
| Class C (09/01/1998) |
-1.00 |
-17.12 |
-0.04 |
7.06 |
n/a |
5.72 |
With Sales Charges: |
| Class A (06/01/1998) |
-6.35 |
-21.18 |
-1.21 |
6.64 |
n/a |
5.90 |
| Class INV (02/28/2008) |
-6.14 |
-21.01 |
-1.13 |
6.69 |
n/a |
5.92 |
| Class B (06/01/1998) |
-5.95 |
-20.35 |
-0.70 |
6.84 |
n/a |
5.72 |
| Class C (09/01/1998) |
-1.99 |
-17.77 |
-0.04 |
7.06 |
n/a |
5.72 |
| Average Annual Total Returns as of 03/31/2008 |
| NAV: |
| Class A (06/01/1998) |
-3.25 |
-17.78 |
-2.18 |
9.19 |
n/a |
6.30 |
| Class INV (02/28/2008) |
-3.03 |
-17.59 |
-2.11 |
9.24 |
n/a |
6.32 |
| Class B (06/01/1998) |
-3.38 |
-18.38 |
-2.92 |
8.37 |
n/a |
5.51 |
| Class C (09/01/1998) |
-3.38 |
-18.38 |
-2.92 |
8.36 |
n/a |
5.51 |
With Sales Charges: |
| Class A (06/01/1998) |
-8.57 |
-22.30 |
-4.01 |
7.96 |
n/a |
5.69 |
| Class INV (02/28/2008) |
-8.36 |
-22.12 |
-3.94 |
8.01 |
n/a |
5.72 |
| Class B (06/01/1998) |
-8.21 |
-21.56 |
-3.56 |
8.14 |
n/a |
5.51 |
| Class C (09/01/1998) |
-4.34 |
-19.01 |
-2.92 |
8.36 |
n/a |
5.51 |
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. Performance data shown at NAV does not reflect the deduction of the sales load, which, if reflected, would reduce the performance quoted.
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Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Gross Expenses: Class A 1.62%, INV 1.80%, B 2.50%, C 2.50%, I 1.28%
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| | Growth of a Hypothetical $10,000 Investment at NAV | |  | | Class A shares 06/01/1998 to 03/31/2008. Based on total returns with reinvestment of
distributions and does not reflect the effect of any sales charges, which would
reduce performance shown. Performance for Class B and C shares will differ based
on differences in their sales charges and expense structures. The Russell
2000® Value Index is an unmanaged index that measures the
performance of those Russell 2000 companies with lower price-to-book ratios and
lower forecasted growth values. Results assume the reinvestment of all capital gain
and dividend distributions. An investment cannot be made directly into an index. |
| > View total monthly holdings (30-day delayed) | |
Top Holdings
| |
% of Net Assets |
| Callon Petroleum Co. |
1.7% |
|
| Alpha Natural Resources, Inc. |
1.6% |
|
| TNS, Inc. |
1.6% |
|
| Laclede Group, Inc. |
1.5% |
|
| Stone Energy Corp. |
1.5% |
|
| Complete Production Services, Inc. |
1.4% |
|
| NGP Capital Resources Co. |
1.4% |
|
| Saul Centers, Inc. REIT |
1.4% |
|
| Simmons First National Corp. |
1.4% |
|
| Walter Industries, Inc. |
1.4% |
| |
| |
Top Sectors
| |
% of Net Assets |
| Financials |
28.8% |
|
| Industrials |
16.7% |
|
| Consumer Discretionary |
14.7% |
|
| Energy |
12.0% |
|
| Information Technology |
9.5% |
|
| Utilities |
5.9% |
|
| Materials |
5.3% |
|
| Telecommunication Services |
1.6% |
|
| Consumer Staples |
1.5% |
|
| Health Care |
1.0% |
| |
| | Portfolio Composition
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Investment Strategy
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| > |
The Fund invests primarily in securities of companies within the capitalization spectrum of the Russell 2000 Stock index. |
| > |
The subadvisor uses a proprietary "value" method in managing the Fund's assets, focusing on securities it believes are undervalued and have positive and/or improving fundamentals. |
| > |
The Fund's proprietary valuation model seeks to identify attractive but undervalued small-capitalization stocks. |
| > |
Fundamental security analysis and direct company contact help the subadvisor evaluate which undervalued companies have the potential to improve. |
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Fund Statistics
| |
Class A |
Class INV |
Class B |
Class C |
| Total Net Assets |
23.8M |
10.9M |
20.1M |
4.6M |
| Beta1 | 0.95 | 0.95 | 0.95 | 0.95 | | Standard Deviation2 | 13.49 | 13.49 | 13.47 | 13.46 | | Number of Holdings | 113 | | | | | Purchases | $1,000 minimum initial investment,
$50 subsequent | |
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Investor Profile
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| > |
Investors seeking value opportunities from small-capitalization stocks. |
| > |
People pursuing maximum capital appreciation to help achieve their long-term goals. |
| > |
Investors who believe undervalued small-cap companies may represent overlooked opportunities. |
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Why Small Cap Value?
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Companies that start out small and undervalued may grow to fully valued industry giants someday.
|
| | 1Beta is a measure of historical volatility
relative to an appropriate index based on its investment objective.
A beta greater than 1.00 indicates volatility greater than the market's.
Beta shown is based on monthly returns over the last three years.
2Standard Deviation measures how widely dispersed a
fund's returns have been over a specified period of time (five years).
A high standard deviation indicates that the range is wide, implying
greater potential for volatility. |
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What You Should Know
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| Before You Invest | | 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 companies may be more vulnerable to adverse business or market developments than mid- or large-capitalization stocks.
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| View the Prospectus | This mutual fund may be offered and sold only to persons in the United States. Please contact your investment professional or call 800-MAINSTAY (624-6782) for a prospectus or download it now. Please consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus contains this and other information about the investment company. Please read it carefully before you invest.
NYLIFE Distributors LLC, 169 Lackawanna Avenue, Parsippany, NJ 07054.
These products are not federally insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, or similar agency.
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All total returns are shown both with and without their maximum sales charge and assume capital gain and dividend distributions are reinvested.
Class A and R2 shares have an annual 12b-1 fee of .25%. Class B and C shares have an annual 12b-1 fee of 1.00%. Class I and R1 shares have no annual 12b-1 fee.
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| Performance figures reflect certain fee waivers and/or expense limitations, without which total returns may have been lower. The fee waivers and/or expense limitations are voluntary and may be discontinued at any time. Performance for Class C shares, first offered 9/1/98, includes the historical performance of the Fund's Class B shares from inception (6/1/98) through 8/31/98 adjusted to reflect the applicable CDSC for such shares.
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| > Back to Top |
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| > |
| Class A: 06/01/98 |
| Class INV: 02/28/08 |
| Class B: 06/01/98 |
| Class C: 09/01/98 |
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| > |
| Class A: MSPAX |
| Class INV: MYSCX |
| Class B: MSPBX |
| Class C: MSMCX |
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| > |
| Class A: 56062F566 |
| Class INV: 56062X385 |
| Class B: 56062F558 |
| Class C: 56062F293 |
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| > |
| Class A: 945 |
| Class INV: 2569 |
| Class B: 946 |
| Class C: 926 |
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