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Large caps continue to play an important role in a diversified portfolio. However, finding the right investment opportunity can be difficult. MainStay makes it easy by narrowing the field...we'll let the facts tell our story:
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Award Winning Performance
MainStay ICAP Select Equity Fund was selected as the 2008 Lipper Fund Award Winner in the Large-Cap Value, 10-year category.
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A Proven Process
MainStay ICAP Select Equity and MainStay ICAP International Funds were named "Analyst Picks" by Morningstar in 2008.
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A Strong Team
ICAP Select Equity Fund team was nominated by Morningstar as 2005 Domestic-Stock Fund Manager of the Year.
ICAP International Fund team was named by Morningstar as the 2005 International-Stock Fund Manager of the Year.
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Strong Reviews
"MainStay ICAP International Fund is worth a long look from investors seeking a standalone or core foreign holding that's dedicated to developed markets."
- Morningstar, February 19, 2008
"The fact remains that these are very talented managers [at ICAP] with a proven ability to find that elusive thing - alpha - returns that come purely from stock selection."
- Morningstar's Andrew Gogerty, Mutual Fund Analyst (as quoted in Barron's, December 10, 2007)
"MainStay's ICAP Select Equity Fund remains among the category's elite!"
- Morningstar, March 12, 2007
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Using a relative-value approach, the investment team at Institutional Capital LLC (ICAP) has been managing a suite of large-cap value equity funds that continue to stand out from the crowd—repeatedly grabbing the attention of both Lipper and Morningstar analysts.
Please ask your clients to consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus contains this and other information about the Fund and can be obtained by contacting you, the investment professional. Instruct your clients to read the prospectus carefully before investing.
About Risk
The Funds may invest in derivatives, which may increase the volatility of the Funds' net asset value and may result in a loss to the Funds. Liquidity risk is the risk that certain securities may be difficult or impossible to sell at the time that the seller would like or at the price that the seller believes the security is currently worth. 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 for less developed markets. The Funds may experience a portfolio turnover rate of over 100% and may generate short-term capital gains which are taxable to the shareholder. The Funds’ use of securities lending presents the risk of default by the borrower, which may result in a loss to the Fund.
The Lipper Fund Awards program highlights funds in 21 countries that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. In achieving recognition for the Lipper Fund Award, the fund outperformed 149 other funds in its category.
MainStay ICAP Select Equity and MainStay ICAP International Funds were named as "Top Fund Analyst Picks" in 2008 by Morningstar in the Large Value and Foreign Large Value categories, respectively.
In selecting a Fund Manager of the Year, Morningstar looks for managers that had strong 1-year performance along with superior results over the long term, and managers who put their shareholders first when it comes to fees, communication, their own investments in their funds, closing their offerings in a timely fashion, and other important issues. In selecting Analyst Picks, Morningstar not only takes long-term performance into consideration, but also looks for other attributes that will be key to a fund’s future success: sensible strategies, successful management, good stewardship, and low costs.
Alpha is a coefficient measuring the risk-adjusted performance, considering the risk due to the specific fund, rather than the overall market. Beta is a measure of the volatility of a security relative to the overall market.
Securities distributed by NYLIFE Distributors LLC, 169 Lackawanna Avenue, Parsippany, New Jersey 07054. |
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