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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 04/30/2008 |
| NAV: |
| Class A (01/03/1995) |
-3.99 |
-6.87 |
12.32 |
15.79 |
6.30 |
6.89 |
| Class INV (02/28/2008) |
-3.93 |
-6.81 |
12.34 |
15.81 |
6.30 |
6.90 |
| Class B (09/13/1994) |
-4.34 |
-7.69 |
11.45 |
14.90 |
5.51 |
6.10 |
| Class C (09/01/1998) |
-4.27 |
-7.57 |
11.48 |
14.90 |
5.51 |
6.10 |
With Sales Charges: |
| Class A (01/03/1995) |
-9.27 |
-12.00 |
10.22 |
14.49 |
5.70 |
6.45 |
| Class INV (02/28/2008) |
-9.21 |
-11.94 |
10.24 |
14.50 |
5.70 |
6.46 |
| Class B (09/13/1994) |
-9.12 |
-11.83 |
10.63 |
14.67 |
5.51 |
6.10 |
| Class C (09/01/1998) |
-5.23 |
-8.40 |
11.48 |
14.90 |
5.51 |
6.10 |
| Average Annual Total Returns as of 03/31/2008 |
| NAV: |
| Class A (01/03/1995) |
-7.28 |
-6.37 |
10.10 |
17.14 |
6.03 |
6.66 |
| Class INV (02/28/2008) |
-7.15 |
-6.24 |
10.15 |
17.17 |
6.05 |
6.67 |
| Class B (09/13/1994) |
-7.51 |
-7.08 |
9.28 |
16.26 |
5.26 |
5.88 |
| Class C (09/01/1998) |
-7.44 |
-7.02 |
9.29 |
16.26 |
5.26 |
5.88 |
With Sales Charges: |
| Class A (01/03/1995) |
-12.38 |
-11.52 |
8.05 |
15.82 |
5.44 |
6.22 |
| Class INV (02/28/2008) |
-12.25 |
-11.40 |
8.10 |
15.85 |
5.45 |
6.23 |
| Class B (09/13/1994) |
-12.13 |
-11.26 |
8.44 |
16.04 |
5.26 |
5.88 |
| Class C (09/01/1998) |
-8.37 |
-7.85 |
9.29 |
16.26 |
5.26 |
5.88 |
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. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. 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. Gross Expenses: Class A 1.39%, INV 1.66%, B 2.36%, C 2.36%, R1 1.12%, R2 1.37%, R3 1.62%, I 1.02%
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| | Growth of a Hypothetical $10,000 Investment at NAV | |  | | Class B shares 09/13/1994 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 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) | |
Top Holdings
| |
% of Net Assets |
| Tesco PLC |
4.6% |
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| Snam Rete Gas SpA |
4.3% |
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| Mediaset SpA |
4.1% |
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| TNT NV |
3.8% |
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| Reed Elsevier NV |
3.7% |
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| Nestle S.A. |
3.6% |
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| Roche Holding AG |
3.5% |
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| Novartis AG* |
3.0% |
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| Hannover Rueckversicherung AG |
2.9% |
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| OPAP SA |
2.9% |
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| | *Securities traded on more than one exchange. Multiple securities for this issuer have been aggregated. | |
Top Countries
| |
% of Net Assets |
| United Kingdom |
16.2% |
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| Italy |
15.1% |
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| Switzerland |
11.9% |
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| Japan |
9.7% |
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| Netherlands |
9.4% |
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| Germany |
6.2% |
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| France |
5.6% |
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| United States |
3.9% |
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| Sweden |
3.8% |
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| Greece |
2.9% |
| |
| | Portfolio Composition
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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 |
107.8M |
41.6M |
58.2M |
19.8M |
| Beta1 | 0.71 | 0.71 | 0.72 | 0.72 | | Standard Deviation2 | 9.72 | 9.71 | 9.73 | 9.74 | | Number of Holdings | 86 | | | | | Purchases | $1,000 minimum initial investment,
$50 subsequent | |
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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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| | 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 | | Foreign securities may 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. High-yield securities ("junk bonds") are generally considered speculative because they present a greater risk of loss than higher-quality debt securities; these securities may also be subject to greater price volatility. 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 | 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 (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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