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| MainStay International Equity Fund |
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| Fund Performance
| Share Class (Inception) |
Category:
International |
YTD % |
1 Year % |
3 Year % |
5 Year % |
10 Year % |
Since Incep. % |
| Average Annual Total Returns as of 06/30/2009 |
| NAV: |
| Class A (01/03/1995) |
1.89 |
-15.33 |
-2.21 |
4.65 |
3.08 |
4.65 |
| Class INV (02/28/2008) |
1.69 |
-15.60 |
-2.31 |
4.58 |
3.04 |
4.63 |
| Class B (09/13/1994) |
1.31 |
-16.31 |
-3.10 |
3.77 |
2.27 |
3.84 |
| Class C (09/01/1998) |
1.31 |
-16.24 |
-3.07 |
3.77 |
2.27 |
3.84 |
With Sales Charges: |
| Class A (01/03/1995) |
-3.72 |
-19.99 |
-4.04 |
3.47 |
2.49 |
4.25 |
| Class INV (02/28/2008) |
-3.90 |
-20.24 |
-4.14 |
3.41 |
2.46 |
4.23 |
| Class B (09/13/1994) |
-3.69 |
-20.19 |
-3.86 |
3.46 |
2.27 |
3.84 |
| Class C (09/01/1998) |
0.31 |
-17.02 |
-3.07 |
3.77 |
2.27 |
3.84 |
| Average Annual Total Returns as of 06/30/2009 |
| NAV: |
| Class A (01/03/1995) |
1.89 |
-15.33 |
-2.21 |
4.65 |
3.08 |
4.65 |
| Class INV (02/28/2008) |
1.69 |
-15.60 |
-2.31 |
4.58 |
3.04 |
4.63 |
| Class B (09/13/1994) |
1.31 |
-16.31 |
-3.10 |
3.77 |
2.27 |
3.84 |
| Class C (09/01/1998) |
1.31 |
-16.24 |
-3.07 |
3.77 |
2.27 |
3.84 |
With Sales Charges: |
| Class A (01/03/1995) |
-3.72 |
-19.99 |
-4.04 |
3.47 |
2.49 |
4.25 |
| Class INV (02/28/2008) |
-3.90 |
-20.24 |
-4.14 |
3.41 |
2.46 |
4.23 |
| Class B (09/13/1994) |
-3.69 |
-20.19 |
-3.86 |
3.46 |
2.27 |
3.84 |
| Class C (09/01/1998) |
0.31 |
-17.02 |
-3.07 |
3.77 |
2.27 |
3.84 |
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. Class I: No initial sales charge or CDSC. Class R1 & R2: No initial sales charge or CDSC, available only through corporate-sponsored retirement programs, which include certain minimum program requirements. A 2% redemption fee will be applied to any shares redeemed within 60 days of purchase. Performance shown does not reflect this fee, which would lower performance. Gross Expenses: Class A 1.49%, INV 1.75%, B 2.49%, C 2.48%, R1 1.17%, R2 1.42%, R3 1.67%, I 1.07%. Net Expenses: Class A 1.39%, INV 1.72%, B 2.47%, C 2.47%, R1 1.15%, R2 1.40%, R3 1.65%, I 1.05%.
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| | Growth of a Hypothetical $10,000 Investment at NAV | |  | | Class B shares 09/13/1994 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 A and C shares will differ based on
differences in their sales charges and expense structures. The Morgan Stanley
Capital International (MSCI) Europe, Australasia, and Far East Index—the
EAFE® Index—is an unmanaged, capitalization-weighted index
containing approximately 985 equity securities located outside the U.S. 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 |
| Snam Rete Gas SpA |
5.4% |
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| Roche Holding AG |
5.4% |
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| Tesco PLC |
4.2% |
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| Nestle SA |
4.0% |
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| NTT DoCoMo, Inc. |
3.7% |
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| BP PLC, Sponsored ADR |
3.4% |
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| Enagas |
2.9% |
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| Terna Rete Elettrica Nazionale SpA |
2.9% |
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| iShares S&P Europe 350 Index Fund |
2.8% |
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| Alcon, Inc. |
2.5% |
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| | *Securities traded on more than one exchange. Multiple securities for this issuer have been aggregated. | |
Top Countries
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% of Net Assets |
| United Kingdom |
18.5% |
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| Switzerland |
17.6% |
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| Japan |
16.9% |
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| Italy |
10.0% |
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| United States |
6.0% |
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| Germany |
4.3% |
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| France |
3.9% |
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| Belgium |
3.8% |
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| Spain |
3.4% |
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| Netherlands |
2.8% |
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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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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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| | | Rupal Bhansali | Rupal joined the firm in 2001 as Managing Director and Head of the International Equity Team and was promoted to Senior Managing Director in 2007. Most recently with Oppenheimer Capital as a Portfolio Manager/Analyst, Rupal was Co-Head of the International Equity Team. She began her career in 1989 as an Associate in the Corporate Finance division of a J.P. Morgan affiliate (ICICI, Ltd.). Rupal has also worked with Crosby Securities as a Vice President on the Equities desk and prior to moving to Oppenheimer Capital in 1996, she was a Senior Investment Analyst with Soros Fund Management. Rupal has been in the investment management and research industry since 1989. She received a Bachelor of Commerce in Accounting and Finance and a Master of Commerce in International Finance and Banking from the University of Bombay. Additionally, Rupal has a MBA in Finance from the University of Rochester.
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Investment Strategy
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The Fund seeks to generate superior risk-adjusted returns by investing in quality companies that are currently undervalued. |
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Using a bottom-up stock picking discipline, the Fund invests primarily in companies, wherever organized, that do business mainly outside the United States. |
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Investments are made pursuing a bottom up, stock picking investment discipline using proprietary quantitative and qualitative tools to identify attractive companies and control risk at the portfolio level. |
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Investments will be made in at least five countries outside the United States, with country allocations resulting from the bottom-up selection process. |
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Fund Statistics
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Class A |
Class INV |
Class B |
Class C |
| Total Net Assets |
68.8M |
33.0M |
29.7M |
11.7M |
| Beta1 | 0.68 | 0.68 | 0.68 | 0.68 | | Standard Deviation2 | 13.07 | 13.08 | 13.07 | 13.09 | | Number of Holdings | 93 | | | | | 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 seeking the potential for higher returns. |
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Long-term investors pursuing capital growth. |
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Investors seeking to invest in equities worldwide. |
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Long-term investors seeking to broaden their investment horizon. |
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Why International Equities?
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Companies in different countries may react differently to economic and competitive pressure, helping you diversify and broaden your investments.
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About Risk
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| Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging markets than in developed markets. The Fund may invest in derivatives, which may increase the volatility of the Fund's net asset value and may result in a loss to the Fund. |
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View the Prospectus
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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 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 (9/13/94) 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. Performance for Class I shares, first offered 1/2/04, includes the historical performance of the Fund's Class B shares from inception through 12/31/03 adjusted to reflect the applicable 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: 09/13/94 |
| Class C: 09/01/98 |
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| Class A: MSEAX |
| Class INV: MINNX |
| Class B: MINEX |
| Class C: MIECX |
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| Class A: 56062F681 |
| Class INV: 56062X468 |
| Class B: 56062F830 |
| Class C: 56062F442 |
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| Class A: 656 |
| Class INV: 2551 |
| Class B: 56 |
| Class C: 456 |
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