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| MainStay Money Market 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. |
| 7-day Yields as of 05/15/2008
| Share Class |
Symbol |
Current
7-day Yield |
| MainStay Money Market Fund |
| Class A |
MMAXX | 1.96% |
| Class INV |
MKTXX | 1.85% |
| Class B |
MKMXX | 1.86% |
| Class C |
MSCXX | 1.87% | | | | The 7-day current yield is more reflective of the Fund's current earnings than the total return quotation.
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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| > View total monthly holdings (30-day delayed) | |
Top Holdings
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% of Net Assets |
| FNMA, 4.22%, due 4/30/08 |
1.3% |
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| AstraZeneca, 4.20%, due 4/7/08 |
1.2% |
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| JPMorgan Chase & Co., 3.70%, due 4/17/08 |
1.2% |
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| Nestle Capital Corp., 2.70%, due 5/23/08 |
1.2% |
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| FHLMC, 3.59%, due 4/14/08 |
1.1% |
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| FNMA, 3.38%, due 1/23/09 |
1.1% |
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| Federal Home Loan Bank, 2.75%, due 2/20/09 |
1.1% |
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| Federal Home Loan Bank, 3.75%, due 1/16/09 |
1.1% |
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| General Electric Capital Corp., 3.70%, due 5/13/08 |
1.1% |
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| Pfizer, Inc., 4.43%, due 4/29/08 |
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 $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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Investment Subadvisor
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The Investment Advisor has delegated its portfolio management responsibilities for this Fund to its Investment Subadvisor, MacKay Shields LLC. MacKay Shields has specialized in money management for over 30 years, serving institutional and corporate clients.
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Portfolio Manager(s)
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| |  Claude Athaide, Ph.D., CFA
Mr. Athaide became a Manager of MainStay Money Market Fund in July 2000, and in April 2001, he became a Manager of MainStay Short Term Bond Fund. Mr. Athaide joined MacKay Shields in 1996 and became an Associate Director in 2001. Prior to joining MacKay Shields, Mr. Athaide taught graduate and undergraduate level statistics and computer programming courses at George Washington University and The Wharton School of the University of Pennsylvania. He was a Quantitative Analyst with Republic National Bank from May 1995 to August 1995. Mr. Athaide became a Chartered Financial Analyst in 2000.
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| |  Gary Goodenough
Mr. Goodenough became a manager of the Government Fund and the Total Return Fund in 2000, the Global High Income Fund in 2003, the Money Market Fund in 2006 and the Diversified Income Fund in 2008. Mr. Goodenough joined MacKay Shields as a Managing Director and Co-head of Fixed Income in 2000, and became a Senior Managing Director in 2004. Prior to joining MacKay Shields, Mr. Goodenough was a Senior Portfolio Manager at Loomis Sayles & Co. from December 1993 to May 2000. Prior to this, he was a Managing Director at Bear Stearns & Company and was a Managing Director of High Yield Bonds and a Managing Director of Global Bonds at Salomon Brothers.
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Investment Strategy
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The Fund invests in short-term dollar-denominated securities maturing in 13 months or less, and the Fund's weighted average portfolio maturity will not exceed 90 days. |
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To diversify the portfolio and pursue competitive yields, the Fund many invest in a wide range of money market instruments, including U.S. government securities, bank obligations, commercial paper, and other short-term loans and obligations. |
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The portfolio managers closely monitor the economy, the markets, and individual issuers to maintain high-credit quality and manage portfolio risk. |
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Fund Statistics
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Class A |
Class INV |
Class B |
Class C |
| Total Net Assets |
383.3M |
53.3M |
188.8M |
54.2M |
| Average Maturity | 54.0 Days | | | | | Number of Holdings | 142 | | | | | Average Duration | 54.0 Years | | | | | Purchases | $1,000 minimum initial investment, $50 subsequent | |
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Investor Profile
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Investors seeking competitive yields on ready cash or money they plan to invest elsewhere. |
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Investors who seek a place to keep emergency funds while maintaining liquidity. |
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Investors who are averse to the risk that may be associated with other types of investments. |
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What You Should Know
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| Before You Invest | | An investment in the MainStay Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
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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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| Yield reflects certain fee waivers and/or expense limitations, without which the current yield would have been different. The current yield is based on the latest 7-day period ended 05/15/2008. The fee waivers and/or expense limitations are voluntary and may be discontinued at any time.
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| > 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: MMAXX |
| Class INV: MKTXX |
| Class B: MKMXX |
| Class C: MSCXX |
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| Class A: 56062F723 |
| Class INV: 56062X419 |
| Class B: 56062F608 |
| Class C: 56062F236 |
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| Class A: 648 |
| Class INV: 2559 |
| Class B: 48 |
| Class C: 849 |
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