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| MainStay S&P 500 Index 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.
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| 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 (01/02/2004) |
-5.18 |
-5.16 |
7.57 |
9.96 |
3.43 |
10.25 |
| Class INV (02/28/2008) |
-5.15 |
-5.13 |
7.58 |
9.97 |
3.44 |
10.25 |
With Sales Charges: |
| Class A (01/02/2004) |
-8.03 |
-8.01 |
6.48 |
9.30 |
3.12 |
10.05 |
| Class INV (02/28/2008) |
-8.00 |
-7.98 |
6.49 |
9.30 |
3.12 |
10.06 |
| Average Annual Total Returns as of 03/31/2008 |
| NAV: |
| Class A (01/02/2004) |
-9.54 |
-5.58 |
5.20 |
10.67 |
3.05 |
10.00 |
| Class INV (02/28/2008) |
-9.54 |
-5.58 |
5.20 |
10.67 |
3.05 |
10.00 |
With Sales Charges: |
| Class A (01/02/2004) |
-12.25 |
-8.41 |
4.14 |
9.99 |
2.73 |
9.80 |
| Class INV (02/28/2008) |
-12.25 |
-8.41 |
4.14 |
9.99 |
2.73 |
9.80 |
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: 3% maximum initial sales charge. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A 0.72%, INV 0.93%, I 0.42%
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| | Growth of a Hypothetical $10,000 Investment at NAV | |  | | Class I shares 01/02/1991 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 shares will differ based on
differences in sales charges and expense structure. 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
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% of Net Assets |
| ExxonMobil Corp. |
3.8% |
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| General Electric Co. |
3.1% |
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| AT&T, Inc. |
2.0% |
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| Microsoft Corp. |
1.9% |
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| Procter & Gamble Co. |
1.8% |
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| Johnson & Johnson |
1.6% |
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| ChevronTexaco Corp. |
1.5% |
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| Bank of America Corp. |
1.4% |
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| International Business Machines Corp. |
1.4% |
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| JPMorgan Chase & Co. |
1.2% |
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Top Sectors
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% of Net Assets |
| Financials |
16.4% |
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| Information Technology |
15.3% |
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| Energy |
12.9% |
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| Industrials |
11.9% |
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| Health Care |
11.5% |
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| Consumer Staples |
10.8% |
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| Consumer Discretionary |
8.5% |
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| Materials |
3.5% |
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| Utilities |
3.5% |
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| Telecommunication Services |
3.4% |
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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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Portfolio Manager(s)
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| | | Francis J. Ok | | Mr. Ok has managed MainStay S&P 500 Index Fund and MainStay Equity Index Fund since November 1996 and is responsible for managing and running NYLIM Equity Investors trading desk. Mr. Ok has been an employee of NYLIM since March 2000. Previously, Mr. Ok was a portfolio manager and managed the trading desk at Monitor Capital Advisors LLC since 1994. Mr. Ok holds a B.S. in Economics from Northeastern University. |
| | Lee Baker
Mr. Baker is a Vice President at NYLIM Equity Investors and is responsible for enhancing the algorithmic trading process for the portfolio management teams. He is also the Portfolio Manager for the S&P 500 Index Fund. Prior to joining NYLIM, he held positions at Schwab Soundview Capital Markets and Stuart Frankel as a trader on the electronic and program trading desks. He has over six years of experience in the industry. Mr. Baker received his BA in Economics from Occidental College. |
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Fund Objective
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To seek to provide investment results that correspond to the total return performance (reflecting reinvestment of dividends) of common stocks in the aggregate, as represented by the S&P 500 Index.
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Investment Strategy
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The Fund normally invests at least 80% of its total assets in stocks in the S&P 500 Index in the same proportion, to the extent feasible, as they are represented in the index. |
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The portfolio is managed to track changes in the composition of the Index, including additions, deletions, and capitalization changes. |
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The Fund's investments also include S&P 500 Index futures, which are used for cash management purposes. |
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The Fund uses proprietary statistical models in seeking to efficiently track the Index. |
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Fund Statistics
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Class A |
Class INV |
| Total Net Assets |
262.8M |
13.9M |
| Beta1 | 1.00 | 1.00 | | Standard Deviation2 | 9.09 | 9.09 | | Number of Holdings | 508 | | | Purchases | $1,000 minimum initial investment,
$50 subsequent | |
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Investor Profile
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Investors seeking long-term capital growth. |
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Investors who seek to reduce risk by investing in a broad selection of common stocks. |
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Investors with a long-term investment horizon, to weather the ups and downs of the equity market. |
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Why Indexed Investing?
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| Indexed investors hold to the old maxim: If you can’t beat the market, buy it. |
| | 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 | 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 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 A shares, first offered 1/2/04, includes the historical performance of the Fund's Class I shares from inception (1/2/91) through 12/31/03 adjusted to reflect the applicable sales charge and fees and expenses for such shares. |
| > Back to Top |
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| Class A: 01/02/04 |
| Class INV: 02/28/08 |
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| Class A: MSXAX |
| Class INV: MYSPX |
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| Class A: 278846274 |
| Class INV: 27885C171 |
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| Class A: 1559 |
| Class INV: 2565 |
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