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| MainStay Convertible 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:
Blended |
YTD % |
1 Year % |
3 Year % |
5 Year % |
10 Year % |
Since Incep. % |
| Average Annual Total Returns as of 04/30/2008 |
| NAV: |
| Class A (01/03/1995) |
-1.73 |
7.91 |
11.74 |
10.36 |
7.16 |
9.57 |
| Class INV (02/28/2008) |
-1.86 |
7.77 |
11.69 |
10.33 |
7.15 |
9.56 |
| Class B (05/01/1986) |
-1.97 |
7.11 |
10.93 |
9.55 |
6.37 |
8.78 |
| Class C (09/01/1998) |
-2.03 |
7.04 |
10.89 |
9.52 |
6.36 |
8.77 |
With Sales Charges: |
| Class A (01/03/1995) |
-7.13 |
1.97 |
9.66 |
9.12 |
6.55 |
9.29 |
| Class INV (02/28/2008) |
-7.25 |
1.84 |
9.61 |
9.09 |
6.54 |
9.28 |
| Class B (05/01/1986) |
-6.86 |
2.17 |
10.11 |
9.27 |
6.37 |
8.78 |
| Class C (09/01/1998) |
-3.01 |
6.06 |
10.89 |
9.52 |
6.36 |
8.77 |
| Average Annual Total Returns as of 03/31/2008 |
| NAV: |
| Class A (01/03/1995) |
-6.97 |
5.30 |
8.72 |
10.01 |
6.64 |
9.34 |
| Class INV (02/28/2008) |
-7.04 |
5.23 |
8.70 |
9.99 |
6.63 |
9.33 |
| Class B (05/01/1986) |
-7.13 |
4.52 |
7.93 |
9.22 |
5.85 |
8.55 |
| Class C (09/01/1998) |
-7.20 |
4.46 |
7.89 |
9.19 |
5.84 |
8.54 |
With Sales Charges: |
| Class A (01/03/1995) |
-12.09 |
-0.49 |
6.69 |
8.77 |
6.04 |
9.05 |
| Class INV (02/28/2008) |
-12.15 |
-0.56 |
6.67 |
8.76 |
6.03 |
9.05 |
| Class B (05/01/1986) |
-11.77 |
-0.29 |
7.07 |
8.94 |
5.85 |
8.55 |
| Class C (09/01/1998) |
-8.12 |
3.49 |
7.89 |
9.19 |
5.84 |
8.54 |
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 1.20%, INV 1.43%, B 2.12%, C 2.12%
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| | Growth of a Hypothetical $10,000 Investment at NAV | |  | | Class B shares 05/01/1986 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 A and C shares will differ based on
differences in their sales charges and expense structures. The Merrill Lynch (ML) All
Convertible Securities Index is an unmanaged market-capitalization weighted index of
domestic corporate convertible securities—to be included in the Index, bonds and
preferred stocks must be convertible only to common stock and have a market value
or original par value of at least $50 million. 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 Convertible Holdings
| |
% of Net Assets |
| Schlumberger Ltd., 1.50%, due 6/1/23 |
4.3% |
|
| Transocean, Inc., 1.50%, due 12/15/37 |
4.2% |
|
| Bank of America Corp. |
3.7% |
|
| Citigroup, Inc. |
3.6% |
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| Halliburton Co., 3.125%, due 7/15/23 |
3.5% |
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| Cameron International Corp., 2.50%, due 6/15/26 |
3.4% |
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| Covanta Holding Corp., 1.00%, due 2/1/27 |
3.1% |
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| Teva Pharmaceutical Finance LLC, 0.50%, due 2/1/24 |
2.7% |
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| Medtronic, Inc., 1.63%, due 4/15/13 |
2.6% |
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| Metlife, Inc. Preferred, Convertible |
2.3% |
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Top Sectors
| |
% of Net Assets |
| Energy |
24.8% |
|
| Consumer Non-Cyclical |
18.6% |
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| Financials |
18.4% |
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| Industrials |
8.6% |
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| Technology |
7.2% |
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| Consumer Cyclical |
6.4% |
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| Basic Materials |
3.9% |
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| Communications |
3.7% |
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| | Portfolio Composition
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Investment Strategy
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The Fund invests primarily in convertible securities but is managed like an equity fund, with a focus on securities that show strong prospects for capital appreciation. |
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In selecting convertible securities, the subadvisor may consider credit risk, projected interest return, and the convertible's premium relative to the underlying common stock. |
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Strict buy and sell disciplines and diversification guidelines help manage risk as the Fund pursues capital growth and current income. |
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Fund Statistics
| |
Class A |
Class INV |
Class B |
Class C |
| Total Net Assets |
291.3M |
80.7M |
96.0M |
41.6M |
| Beta1 | 1.02 | 1.02 | 1.02 | 1.03 | | Standard Deviation2 | 7.52 | 7.52 | 7.54 | 7.54 | | Number of Holdings | 68 | | | | | Purchases | $1,000 minimum initial investment,
$50 subsequent | |
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Investor Profile
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Investors seeking capital appreciation and current income. |
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Investors seeking the potential to enhance their total return. |
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Investors seeking to diversify stock or bond investments with securities that may combine the benefits of both. |
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Why Convertibles?
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Convertible securities provide current income and an opportunity to participate in the growth of the underlying stock.
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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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| Before You Invest | | High-yield securities ("junk bonds") are generally considered speculative because they present a greater risk of loss than higher-quality debt securities and may be subject to greater price volatility.
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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 for Class A and C shares, first offered 1/3/95 and 9/1/98, respectively, includes the historical performance of the Fund's Class B shares from inception (5/1/86) through 12/31/94 for Class A and through 8/31/98 for Class C, adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. |
| > Back to Top |
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| Class A: 01/03/95 |
| Class INV: 02/28/08 |
| Class B: 05/01/86 |
| Class C: 09/01/98 |
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| > |
| Class A: MCOAX |
| Class INV: MCINX |
| Class B: MCSVX |
| Class C: MCCVX |
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| > |
| Class A: 56062F780 |
| Class INV: 56062X526 |
| Class B: 56062F301 |
| Class C: 56062F434 |
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| Class A: 642 |
| Class INV: 2540 |
| Class B: 42 |
| Class C: 192 |
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