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| MainStay Mid Cap Growth 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 06/30/2009 |
| NAV: |
| Class A (01/02/2001) |
11.97 |
-32.93 |
-10.51 |
0.12 |
n/a |
-1.17 |
| Class INV (02/28/2008) |
11.87 |
-33.17 |
-10.62 |
0.05 |
n/a |
-1.22 |
| Class B (01/02/2001) |
11.50 |
-33.62 |
-11.30 |
-0.67 |
n/a |
-1.95 |
| Class C (01/02/2001) |
11.35 |
-33.71 |
-11.31 |
-0.70 |
n/a |
-1.96 |
With Sales Charges: |
| Class A (01/02/2001) |
5.81 |
-36.61 |
-12.18 |
-1.01 |
n/a |
-1.83 |
| Class INV (02/28/2008) |
5.72 |
-36.85 |
-12.29 |
-1.08 |
n/a |
-1.87 |
| Class B (01/02/2001) |
6.50 |
-36.94 |
-12.11 |
-1.04 |
n/a |
-1.95 |
| Class C (01/02/2001) |
10.35 |
-34.37 |
-11.31 |
-0.70 |
n/a |
-1.96 |
| Average Annual Total Returns as of 06/30/2009 |
| NAV: |
| Class A (01/02/2001) |
11.97 |
-32.93 |
-10.51 |
0.12 |
n/a |
-1.17 |
| Class INV (02/28/2008) |
11.87 |
-33.17 |
-10.62 |
0.05 |
n/a |
-1.22 |
| Class B (01/02/2001) |
11.50 |
-33.62 |
-11.30 |
-0.67 |
n/a |
-1.95 |
| Class C (01/02/2001) |
11.35 |
-33.71 |
-11.31 |
-0.70 |
n/a |
-1.96 |
With Sales Charges: |
| Class A (01/02/2001) |
5.81 |
-36.61 |
-12.18 |
-1.01 |
n/a |
-1.83 |
| Class INV (02/28/2008) |
5.72 |
-36.85 |
-12.29 |
-1.08 |
n/a |
-1.87 |
| Class B (01/02/2001) |
6.50 |
-36.94 |
-12.11 |
-1.04 |
n/a |
-1.95 |
| Class C (01/02/2001) |
10.35 |
-34.37 |
-11.31 |
-0.70 |
n/a |
-1.96 |
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.
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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 1.48%, INV 1.57%, B 2.26%, C 2.26%, R2 1.70%, R3 1.85%, I 1.22%. Net Expenses: Class A 1.29%, INV 1.57%, B 2.26%, C 2.26%, R2 1.47%, R3 1.72%, I 1.12%.
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| | Growth of a Hypothetical $10,000 Investment at NAV | |  | | Class A shares 01/02/2001 to 03/31/2009. 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 Midcap®
Growth Index is an unmanaged index that measures the performance of those Russell
Midcap companies with higher price-to-book ratios and higher 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) | | > View Securities Lending Statement | |
Top Holdings
| |
% of Net Assets |
| iShares Russell Midcap Growth Index Fund |
2.8% |
|
| Crown Holdings, Inc. |
2.5% |
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| Thermo Fisher Scientific, Inc. |
2.3% |
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| Amphenol Corp. |
2.3% |
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| Chattem, Inc. |
2.2% |
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| Becton, Dickinson & Co. |
2.2% |
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| Quanta Services, Inc. |
2.1% |
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| SBA Communications Corp. |
2.1% |
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| Cephalon, Inc. |
2.0% |
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| Medco Health Solutions, Inc. |
2.0% |
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Top Sectors
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% of Net Assets |
| Health Care |
20.0% |
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| Information Technology |
18.3% |
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| Industrials |
16.6% |
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| Consumer Discretionary |
15.6% |
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| Energy |
7.6% |
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| Telecommunication Services |
4.7% |
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| Materials |
4.7% |
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| Consumer Staples |
4.6% |
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| Financials |
2.6% |
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| Utilities |
1.1% |
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| | Portfolio Composition
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Investment Advisor
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| MainStay is a division of New York Life Investment Management LLC (NYLIM), a world-class financial services organization that with its affiliates has more than $224 billion in assets under management as of March 31, 2009. NYLIM is the Investment Advisor for all MainStay Funds and serving as manager, runs the Funds' day-to-day business.
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Portfolio Manager(s)
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| | Tony H. Elavia, Ph.D.
Mr. Elavia is a Senior Managing Director at New York Life Investments and is also Chief Executive Officer and Chief Investment Officer of Madison Square Investors. Prior to joining New York Life Investments in 2004, Mr. Elavia spent five years as a Managing Director and Senior Portfolio Manager of the Large Cap Growth team of Putnam Investments in Boston, Massachusetts. Mr. Elavia holds a PhD and MA in Economics from the University of Houston and a MS and BC from the University of Baroda in Vadodara, India.
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Investment Strategy
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The Fund normally invests at least 65% of its total assets in equity-type securities, including common stocks, as well as securities convertible into, or exchangeable for, common stocks. |
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The Fund primarily invests in domestic securities but may invest up to 35% of its net assets, plus any borrowings for investment purposes, in foreign securities. |
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Securities of foreign issuers that are represented by American Depositary Receipts or that are listed on a U.S. securities exchange or traded in the U.S. over-the counter markets are not considered foreign securities for the purpose of this limitation. |
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Fund Statistics
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Class A |
Class INV |
Class B |
Class C |
| Total Net Assets |
39.8M |
15.5M |
21.9M |
16.2M |
| Beta1 | 0.96 | 0.96 | 0.96 | 0.96 | | Standard Deviation2 | 19.16 | 19.15 | 19.14 | 19.15 | | Number of Holdings | 80 | | | | | Purchases | $1,000 minimum initial investment, $50 subsequent | |
| | 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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Investor Profile
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Investors who believe that mid-cap companies may be attractive growth candidates. |
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Investors pursuing long-term goals, such as college funding or retirement. |
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Investors who can accept a higher degree of risk in search of higher return potential. |
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Why Mid Caps?
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Mid-cap stocks have made it past the initial growth hurdles and proven their ability to sustain themselves, often amid larger competitors.
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About Risk
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| Growth stocks may be more volatile than other stocks because they are generally more sensitive to investor perceptions and market moves. During periods of growth stock underperformance, the Fund's performance may suffer. Mid-capitalization companies are generally less established and their stocks may be more volatile and less liquid than the securities of larger companies. The Fund's use of securities lending presents the risk of default by the borrower, which may result in a loss to the Fund. |
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What You Should Know
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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. |
| 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. |
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| > |
| Class A: 01/02/01 |
| Class INV: 02/28/08 |
| Class B: 01/02/01 |
| Class C: 01/02/01 |
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| > |
| Class A: MMCPX |
| Class INV: MMYMX |
| Class B: MMGBX |
| Class C: MMGCX |
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| > |
| Class A: 56062F178 |
| Class INV: 56062X435 |
| Class B: 56062F160 |
| Class C: 56062F152 |
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| > |
| Class A: 1343 |
| Class INV: 2554 |
| Class B: 1370 |
| Class C: 1371 |
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