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| MainStay Common Stock 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) |
-6.09 |
-7.01 |
7.77 |
9.81 |
n/a |
4.18 |
| Class INV (02/28/2008) |
-6.02 |
-6.94 |
7.80 |
9.82 |
n/a |
4.18 |
| Class B (06/01/1998) |
-6.37 |
-7.70 |
6.98 |
9.00 |
n/a |
3.40 |
| Class C (09/01/1998) |
-6.30 |
-7.70 |
6.99 |
9.01 |
n/a |
3.40 |
With Sales Charges: |
| Class A (06/01/1998) |
-11.26 |
-12.13 |
5.76 |
8.57 |
n/a |
3.58 |
| Class INV (02/28/2008) |
-11.19 |
-12.06 |
5.79 |
8.59 |
n/a |
3.59 |
| Class B (06/01/1998) |
-11.05 |
-11.94 |
6.10 |
8.72 |
n/a |
3.40 |
| Class C (09/01/1998) |
-7.24 |
-8.54 |
6.99 |
9.01 |
n/a |
3.40 |
| Average Annual Total Returns as of 03/31/2008 |
| NAV: |
| Class A (06/01/1998) |
-10.56 |
-7.75 |
5.09 |
10.01 |
n/a |
3.70 |
| Class INV (02/28/2008) |
-10.49 |
-7.68 |
5.12 |
10.02 |
n/a |
3.70 |
| Class B (06/01/1998) |
-10.70 |
-8.39 |
4.36 |
9.20 |
n/a |
2.94 |
| Class C (09/01/1998) |
-10.63 |
-8.31 |
4.36 |
9.21 |
n/a |
2.94 |
With Sales Charges: |
| Class A (06/01/1998) |
-15.48 |
-12.82 |
3.13 |
8.77 |
n/a |
3.10 |
| Class INV (02/28/2008) |
-15.41 |
-12.75 |
3.16 |
8.79 |
n/a |
3.11 |
| Class B (06/01/1998) |
-15.16 |
-12.59 |
3.43 |
8.92 |
n/a |
2.94 |
| Class C (09/01/1998) |
-11.52 |
-9.15 |
4.36 |
9.21 |
n/a |
2.94 |
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 1.26%, INV 1.58%, B 2.29%, C 2.29%, I 0.88%
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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. S&P 500®
is a trademark of The McGraw-Hill Companies, Inc. The S&P 500 is an unmanaged
index and is widely regarded as the standard for measuring large-cap U.S.
stock-market performance. 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 |
| ExxonMobil Corp. |
3.6% |
|
| S&P 500 Index-SPDR Trust Series 1 |
2.7% |
|
| Procter & Gamble Co. |
2.5% |
|
| General Electric Co. |
2.4% |
|
| Microsoft Corp. |
2.2% |
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| International Business Machines Corp. |
2.0% |
|
| AT&T, Inc. |
2.0% |
|
| Pfizer Inc. |
1.6% |
|
| ConocoPhillips |
1.6% |
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| Verizon Communications Inc. |
1.5% |
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Top Sectors
| |
% of Net Assets |
| Information Technology |
19.1% |
|
| Financials |
16.3% |
|
| Energy |
15.8% |
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| Industrials |
11.6% |
|
| Consumer Discretionary |
9.4% |
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| Health Care |
8.7% |
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| Consumer Staples |
6.9% |
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| Materials |
4.2% |
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| Telecommunication Services |
3.8% |
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| Utilities |
1.1% |
| |
| | 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 $246 billion in assets under management as of March 31, 2008. 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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| |  Harvey Fram, CFA
Mr. Fram is the Portfolio Manager of the MainStay 130/30 Core Fund. He is also Portfolio Manager for the MainStay Common Stock Fund, MainStay VP Common Stock Portfolio, MainStay VP Mid Cap Core Portfolio, and McMorgan Equity Investment Fund, and he manages the equity portion of the McMorgan Balanced Fund. Mr. Fram is currently a Managing Director at NYLIM. Prior to joining NYLIM in 2000, Mr. Fram was a Portfolio Manager and Research Strategist of Monitor Capital Advisors LLC (a former subsidiary of NYLIM). Mr. Fram is responsible for the management of quantitative equity portfolios. Prior to joining Monitor, he was a quantitative equity research analyst at ITG, a technology based equity brokerage firm. Mr. Fram was awarded his CFA charterholder in 1999 and has an M.B.A from the Wharton School at the University of Pennsylvania.
|
| | | Migene Kim, CFA | | Ms. Kim is has been part of the management team for the Common Stock Fund since 2007. Prior to joining NYLIM in 2005, Ms. Kim spent seven years as a quantitative research analyst at INVESCO's Structured Products Group. She started her career as an analyst at the Market Risk Management
Group of Chase Manhattan Bank in 1993. Ms. Kim earned her MBA in Financial Engineering from the MIT Sloan School of Management and is a summa cum laude graduate in Mathematics from the University of Pennsylvania where she was elected to Phi Beta Kappa. She is also a CFA charterholder.
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Fund Objective
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To seek long-term growth of capital, with income as a secondary consideration.
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Investment Strategy
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The Fund invests primarily in equity securities of well-established, well-managed large and midsize U.S. companies that appear to have better-than-average capital appreciation potential. |
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The Fund uses historical investment standards such as price/book value ratios and price/earnings ratios to seek companies that may represent good value. |
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Depending on market conditions, the Fund may shift between growth and value orientations. |
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Sector weightings are determined using "top down" macroeconomic assessments. |
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Fund Statistics
| |
Class A |
Class INV |
Class B |
Class C |
| Total Net Assets |
23.2M |
13.3M |
22.9M |
2.7M |
| Beta1 | 1.05 | 1.05 | 1.05 | 1.05 | | Standard Deviation2 | 9.23 | 9.22 | 9.22 | 9.20 | | Number of Holdings | 246 | | | | | Purchases | $1,000 minimum initial investment,
$50 subsequent | |
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Investor Profile
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| > |
Investors who desire a flexible, growth-seeking investment fund, with income as a secondary consideration. |
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Investors looking for growth and value opportunities among well-managed companies. |
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Opportunistic investors who seek to take advantage of shifting market opportunities. |
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Why Growth and Value?
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The flexibility to invest across growth and value stocks may help you take advantage of shifting opportunities as they arise.
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| | 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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| 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 Class B shares from inception (6/1/98) through 8/31/98 adjusted to reflect the applicable CDSC and fees and expenses for such shares. |
| > 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: MSOAX |
| Class INV: MCSSX |
| Class B: MOPBX |
| Class C: MGOCX |
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| > |
| Class A: 56062F541 |
| Class INV: 56062X534 |
| Class B: 56062F533 |
| Class C: 56062F269 |
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| > |
| Class A: 910 |
| Class INV: 2538 |
| Class B: 911 |
| Class C: 311 |
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