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| MainStay Moderate Growth Allocation 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. |
| Fund Performance
| Share Class (Inception) |
Category:
Asset Alloc. |
YTD % |
1 Year % |
3 Year % |
5 Year % |
10 Year % |
Since Incep. % |
| Average Annual Total Returns as of 04/30/2008 |
| NAV: |
| Class A (04/04/2005) |
-3.82 |
-0.60 |
9.41 |
n/a |
n/a |
8.53 |
| Class INV (02/28/2008) |
-3.82 |
-0.60 |
9.41 |
n/a |
n/a |
8.53 |
| Class B (04/04/2005) |
-4.02 |
-1.34 |
8.57 |
n/a |
n/a |
7.72 |
| Class C (04/04/2005) |
-4.02 |
-1.34 |
8.57 |
n/a |
n/a |
7.72 |
With Sales Charges: |
| Class A (04/04/2005) |
-9.11 |
-6.07 |
7.37 |
n/a |
n/a |
6.55 |
| Class INV (02/28/2008) |
-9.11 |
-6.07 |
7.37 |
n/a |
n/a |
6.55 |
| Class B (04/04/2005) |
-8.82 |
-6.06 |
7.72 |
n/a |
n/a |
7.16 |
| Class C (04/04/2005) |
-4.98 |
-2.28 |
8.57 |
n/a |
n/a |
7.72 |
| Average Annual Total Returns as of 03/31/2008 |
| NAV: |
| Class A (04/04/2005) |
-7.73 |
-1.34 |
n/a |
n/a |
n/a |
7.28 |
| Class INV (02/28/2008) |
-7.65 |
-1.25 |
n/a |
n/a |
n/a |
7.31 |
| Class B (04/04/2005) |
-7.88 |
-2.08 |
n/a |
n/a |
n/a |
6.47 |
| Class C (04/04/2005) |
-7.88 |
-2.08 |
n/a |
n/a |
n/a |
6.47 |
With Sales Charges: |
| Class A (04/04/2005) |
-12.81 |
-6.77 |
n/a |
n/a |
n/a |
5.27 |
| Class INV (02/28/2008) |
-12.73 |
-6.68 |
n/a |
n/a |
n/a |
5.30 |
| Class B (04/04/2005) |
-12.49 |
-6.76 |
n/a |
n/a |
n/a |
5.58 |
| Class C (04/04/2005) |
-8.80 |
-3.01 |
n/a |
n/a |
n/a |
6.47 |
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. Gross Expenses: Class A 1.16%, INV 1.37%, B 2.05%, C 2.05%, I 1.02%
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| > View total monthly holdings (30-day delayed) | |
Holdings in Underlying MainStay Funds
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% of Net Assets |
| Common Stock Fund |
17.0% |
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| Large Cap Growth Fund |
15.6% |
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| Indexed Bond Fund |
8.6% |
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| ICAP International Fund |
8.4% |
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| Growth Equity Fund |
8.2% |
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| ICAP Equity Fund |
8.0% |
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| ICAP Select Equity Fund |
8.0% |
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| International Equity Fund |
5.3% |
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| Floating Rate Fund |
5.0% |
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| High Yield Corporate Bond Fund |
5.0% |
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| S&P 500 Index Fund |
3.3% |
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| Mid Cap Growth Fund |
2.0% |
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| 130/30 International Fund |
1.5% |
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| Large Cap Opportunity Fund |
1.5% |
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| Intermediate Term Bond Fund |
1.5% |
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| 130/30 Core Fund |
0.6% |
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| MAP Fund |
0.2% |
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| | Target Asset Class Allocation | |
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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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| |  Tony Elavia, Ph.D.
Mr. Elavia is the portfolio manager for MainStay Asset Allocation Funds, MainStay Retirement Funds, and has managed MainStay Income Manager and Balanced Funds since 2005. He is Chief Investment Officer of NYLIM Equity Investors, and a Senior Managing Director of NYLIM. Immediately prior to joining NYLIM, Mr. Elavia was Managing Director and Senior Portfolio Manager of the Large Cap Growth team of Putnam Investments in Boston, MA, managing more than $25 billion in assets. Prior to joining Putnam, Mr. Elavia was Executive Vice President and Portfolio Manager at Voyageur Asset Management and President of TES Partners, a long short hedge fund in Minneapolis, MN. Previously, he was a Senior Vice President with Piper Capital Management. Mr. Elavia holds a Ph.D. and M.A. in Economics from the University of Houston and a M.S. and B.C. from the University of Baroda in Vadodara, India.
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| | Jonathan Swaney
Mr. Swaney has been an employee of NYLIM since 1997 and is responsible both for managing quantitative equity portfolios and performing research at NYLIM Equity Investors Group. He is also the Portfolio Manager for the MainStay Retirement Funds, Asset Allocation Funds, and Income Manager Fund. Within NYLIM, Mr. Swaney has previously worked with the Investment Consulting Group and was a Portfolio Manager with the Quantitative Strategies unit. Prior to joining NYLIM, Mr. Swaney performed manager research for fund-of-hedge-funds operator Pine Grove Partners and worked on the fixed income desk at The Vanguard Group. Mr. Swaney earned his B.A. in Political Science from The College of William & Mary. |
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Investment Process
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The Fund's investment objective is to seek long-term growth of capital and, secondarily, current income. |
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The Fund is a "fund of funds" that invests in shares of other mutual funds within the MainStay Family of Funds (the underlying Funds). |
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The Fund seeks to achieve its investment objective by normally investing approximately 80% (within a range of 70%-90%) of its assets in Underlying Equity Funds and approximately 20% (within a range of 10%-30%) of its assets in Underlying Fixed Income Funds. |
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The Fund's fixed income component may include a money market component. For cash management purposes, the Fund may hold a portion of its assets in U.S. government securities, cash, or cash equivalents. |
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Fund Statistics
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Class A |
Class INV |
Class B |
Class C |
| Total Net Assets |
175.8M |
49.0M |
94.4M |
25.9M |
| Number of Holdings | 17 | | | | | Purchases | $1,000 minimum initial investment,
$50 subsequent | |
| | Target Allocation | |
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Why MainStay?
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| Here at MainStay Funds, our commitment to you has three essential elements. We believe that all investors benefit from our consistent, long-term approach to investing. We are determined to maintain clear and unambiguous integrity in all of our dealings and operations. Through adherence to these principles, we aspire to deliver competitive, risk-adjusted performance over time.
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What You Should Know
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| 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. The Fund is indirectly subject to the investment risks of each underlying Fund held. Principal risks of the underlying Funds are described below.
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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. |
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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. |
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The investor should note that funds that invest in companies with market capitalization below $10 billion, or mid-cap funds, involve additional risks. The securities of these companies may be more volatile and less liquid than the securities of larger companies. |
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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. |
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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. |
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Floating rate funds are generally considered to have speculative characteristics that involve default risk of principal and interest, collateral impairment, non-diversification, borrower industry concentration, and limited liquidity. |
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An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to maintain a value of $1.00 per share, it is possible to lose money. |
Before making an investment in the Fund, you should consider all the risks associated with it.
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| About Fees and Expenses | | The term "fund of funds" is used to describe mutual funds that pursue their investment objectives by investing in other mutual funds. Your cost of investing in the Fund may be higher than the cost of investing in a mutual fund that invests directly in individual stocks and bonds. By investing in the Fund, you will indirectly bear fees and expenses charged by the underlying Funds in which the Fund invests in addition to the Fund's direct fees and expenses. Additionally, the use of a fund of funds structure could affect the timing, amount, and character of distributions to you and therefore may increase the amount of taxes payable by you. You should consult your tax and financial professionals regarding these matters. |
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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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| Class A: 04/04/05 |
| Class INV: 02/28/08 |
| Class B: 04/04/05 |
| Class C: 04/04/05 |
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| Class A: MGDAX |
| Class INV: MGDNX |
| Class B: MGDBX |
| Class C: MGDCX |
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| Class A: 278846142 |
| Class INV: 27885C247 |
| Class B: 278846134 |
| Class C: 278846126 |
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| Class A: 1932 |
| Class INV: 2558 |
| Class B: 1933 |
| Class C: 1934 |
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