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| MainStay ICAP International 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:
International |
YTD % |
1 Year % |
3 Year % |
5 Year % |
10 Year % |
Since Incep. % |
| Average Annual Total Returns as of 04/30/2008 |
| NAV: |
| Class A (08/31/2006) |
-3.27 |
-0.56 |
16.93 |
22.39 |
9.22 |
11.51 |
| Class INV (04/30/2008) |
-3.27 |
-0.56 |
16.93 |
22.38 |
9.22 |
11.51 |
| Class C (08/31/2006) |
-3.50 |
-1.27 |
16.05 |
21.47 |
8.40 |
10.68 |
With Sales Charges: |
| Class A (08/31/2006) |
-8.59 |
-6.03 |
14.75 |
21.01 |
8.61 |
10.90 |
| Class INV (04/30/2008) |
-8.59 |
-6.03 |
14.74 |
21.00 |
8.60 |
10.90 |
| Class C (08/31/2006) |
-4.46 |
-2.14 |
16.05 |
21.47 |
8.40 |
10.68 |
| Average Annual Total Returns as of 03/31/2008 |
| NAV: |
| Class A (08/31/2006) |
-7.59 |
-0.28 |
14.78 |
23.85 |
9.29 |
11.11 |
| Class INV (04/30/2008) |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
| Class C (08/31/2006) |
-7.75 |
-1.02 |
13.91 |
22.92 |
8.47 |
10.28 |
With Sales Charges: |
| Class A (08/31/2006) |
-12.67 |
-5.76 |
12.63 |
22.46 |
8.68 |
10.50 |
| Class INV (04/30/2008) |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
| Class C (08/31/2006) |
-8.68 |
-1.89 |
13.91 |
22.92 |
8.47 |
10.28 |
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 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. A 2% redemption fee will be applied to any shares redeemed within 30 days of purchase. Gross Expenses: Class A 1.26%, INV 1.40%, C 2.13%, R1 1.08%, R2 1.33%, R3 1.58%, I 0.98%
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| | Growth of a Hypothetical $10,000 Investment at NAV | |  | | Class I Shares 12/31/1997 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. 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.
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| > View total monthly holdings (15-day delayed) | |
Top Holdings
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% of Net Assets |
| Allianz SE |
4.9% |
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| Novartis AG ADR |
4.7% |
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| Energias de Portugal SA |
4.4% |
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| Prudential PLC |
4.3% |
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| Bayer AG |
4.2% |
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| Suez SA |
4.2% |
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| Roche Holding AG, Sponsored ADR |
4.1% |
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| Akzo Nobel NV |
3.9% |
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| Vodafone Group PLC, ADR |
3.8% |
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| Julius Baer Holding AG |
3.6% |
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Top Countries
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% of Net Assets |
| United Kingdom |
19.5% |
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| Germany |
18.9% |
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| Switzerland |
15.0% |
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| Japan |
14.2% |
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| France |
9.3% |
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| Netherlands |
6.9% |
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| Italy |
4.8% |
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| Portugal |
4.4% |
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| Singapore |
1.3% |
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| Belgium |
1.1% |
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| Bermuda |
1.0% |
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| Cayman Islands |
0.6% |
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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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Investment Subadvisor
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| The Investment Advisor has delegated its portfolio management responsibilities for this Fund to its Investment Subadvisor, Institutional Capital LLC (ICAP). ICAP is an affiliate of New York Life Investment Management LLC. Founded in 1970 as an institutional investment firm dedicated to the unique needs of institutional investors, ICAP currently manages over $14 billion in assets for some of the world's largest and most respected corporations and institutions.
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Portfolio Manager(s)
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| |  Jerrold K. Senser, CFA
Mr. Senser serves as Chief Executive Officer and Chief Investment Officer of ICAP.
As CEO and CIO, Mr. Senser heads the investment committee and is the lead portfolio manager
for all of ICAP’s investment strategies, MainStay ICAP Funds, and MainStay MAP Fund. Mr. Senser
has been with the firm since 1986. Mr. Senser graduated with a B.A. in economics from the University
of Michigan and an M.B.A from the University of Chicago. He is a CFA charterholder. Prior to joining ICAP, Mr. Senser spent seven years at Stein Roe & Farnham as an associate involved in economic and
fixed-income analysis. He began his career at Data Resources, Inc., an economic consulting firm. |
| |  Thomas R. Wenzel, CFA
Mr. Wenzel, Executive Vice President and Director of Research, is a senior member of the investment committee. Mr. Wenzel serves as a lead portfolio manager for all of ICAP’s investment strategies, MainStay ICAP Funds, and MainStay MAP Funds. As a 15-year veteran of the firm, Mr. Wenzel also leads the firm’s investment research with particular emphasis on the financial sector. At the University of Wisconsin-Madison, he participated in the applied security analysis and investment management program and earned a B.A. in economics and an M.B.A. He is a CFA charterholder. Before joining ICAP in 1993, he served as a senior equity analyst at Brinson Partners for six years.
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What You Should Know
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| Before You Invest | | 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. The Fund may experience a portfolio turnover rate of over 100% and may
generate short-term capital gains which are taxable. |
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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 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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| Average annual total returns include the change in share price and reinvestment of capital gains and distributions. 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. Effective 8/31/06, ICAP International Fund was renamed MainStay ICAP International Fund. At that time, the Fund's existing no-load shares were redesignated Class I shares. Performance for Class A and C shares, first offered 8/31/06, includes the historical performance of Class I shares from inception (12/31/97) through 8/30/06 adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. Class I shares are generally available only to corporate and institutional investors. |
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| > Back to Top |
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| > |
| Class A: 08/31/06 |
| Class INV: 04/30/08 |
| Class C: 08/31/06 |
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| > |
| Class A: ICEVX |
| Class INV: ICELX |
| Class C: ICEWX |
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| > |
| Class A: 448926501 |
| Class INV: 448926691 |
| Class C: 448926600 |
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| > |
| Class A: 1892 |
| Class INV: 2574 |
| Class C: 1893 |
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