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An easy way to employ the principles of sound investing in a portfolio is with MainStay Asset Allocation Funds. Each Fund utilizes three time-tested investment principles—asset allocation, diversification, and rebalancing—as essential elements of its strategy.
In addition, investors gain instant access to several underlying MainStay Funds by investing in just one MainStay Asset Allocation Fund—that means the benefit of one portfolio encompassing more than one investment style, one application to complete, one account to open, and one consolidated statement.
No Assembly Required
About Risk
The Fund's performance depends on the advisor's skill in determining the asset class allocations, the mix of underlying MainStay Funds, as well as the performance of those underlying Funds. The underlying Funds' performance may be lower than the performance of the asset class which they were selected to represent.
Stocks and bonds can decline due to adverse issuer, market, regulatory, or economic developments. High-yield securities carry higher risks and some of the Fund's investments have speculative characteristics and present a greater risk of loss than higher-quality debt securities. These securities can also be subject to greater price volatility.
There are additional risks associated with investing in small-cap securities. Stocks of small companies may be subject to higher price volatility, significantly lower trading volume, and greater spreads between bid and ask prices, than stocks of larger companies. Furthermore, small-cap companies may be more vulnerable to adverse business or market developments and may have more limited product lines than large-capitalization stocks.
Foreign investing may be subject to greater risk than domestic investing. These may include securities markets that are less efficient, less liquid, and more volatile than those in the United States, as well as foreign currency fluctuations and different governmental regulatory concerns.
When interest rates rise, the prices of fixed-income securities in the underlying Funds' portfolios will generally fall. Conversely, when interest rates fall, the prices of fixed-income securities in the underlying Funds' portfolios will generally rise.
Before making an investment in any of these Funds, investors should consider all the risks associated with them.
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