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| Give Yourself the Gift of Asset Allocation |
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If you spent any time putting together children’s toys this holiday season, you know what a frustrating task that can be. Bad instructions and small parts are enough to test anyone’s holiday spirit. If you are looking for a way to simplify your investment strategy this New Year—with no assembly required—you should take a closer look at MainStay Asset Allocation Funds.
Each MainStay Asset Allocation Fund offers you instant access to several underlying MainStay Funds—that means you can benefit from one portfolio encompassing multiple investment styles, with one application to complete, one account to open, and one consolidated statement. What’s best is that there is no assembly required, no instructions to lose, and no leftover parts.
Easy as 1-2-3
The golden rule of investing states that for optimum results your portfolio should be:
- Allocated across stocks, bonds, and cash
- Well-diversified among subcategories such as small-, mid-, and large-cap stocks, and government, corporate, and high-yield bonds, and
- Rebalanced on a regular basis.
With MainStay Asset Allocation Funds, you get all this and more, including more exposure, more managers, and more funds.
- More Exposure: MainStay Asset Allocation Funds provide broad exposure to the stock and bond market as well as different styles of investment management (value, growth, and blended) all designed to meet your investment needs.
- More Managers: With MainStay Asset Allocation Funds, you can benefit from the diverse group of investment management teams available through MainStay Investments. Each team employs its own investment philosophy and strategy, providing you with the ability to access a well-diversified portfolio of mutual funds and fund managers.
- More Funds: MainStay Asset Allocation Funds have a wide range of underlying Funds which invest in both domestic and international equities and fixed-income securities.
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MainStay Common Stock Fund |
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MainStay Value Fund |
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MainStay Growth Equity Fund |
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MainStay Floating Rate Fund |
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MainStay ICAP Equity Fund |
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MainStay High Yield Corporate Bond Fund |
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MainStay ICAP Select Equity Fund |
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MainStay Intermediate Term Bond Fund |
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MainStay Large Cap Growth Fund |
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MainStay Indexed Bond Fund |
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MainStay Small Cap Opportunity Fund |
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MainStay ICAP International Fund |
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MainStay S&P 500 Index Fund |
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MainStay International Equity Fund |
Underlying MainStay Funds used to create portfolios, as of 3/31/07. Actual number of underlying Funds may vary over time.
To start putting MainStay Asset Allocation Funds to work for you, talk to your financial advisor.
Before You Invest
MainStay Asset Allocation Funds are “funds of funds” that invest in other MainStay Funds. By investing in the Funds, you will indirectly bear fees and expenses charged by the underlying Funds in which the Funds invest in addition to the Funds’ 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 you pay.
The Funds’ performance depends on the advisor’s skill in determining the asset-class allocations and the mix of underlying MainStay Funds, as well as the performance of those underlying funds. The Funds are indirectly subject to the investment risks of each underlying Fund held. Principal risks of the underlying Funds are described below.
The Fund may invest more than 25% of its assets in one underlying Fund, which may significantly affect net asset value of the Fund. High-yield securities are considered to have speculative characteristics and may be subject to greater price volatility than higher quality debt securities. 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 securities 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. Funds that invest in bonds are subject to interest rate risk and can lose principal value when interest rates rise. Floating rate funds are generally considered to have speculative characteristics that involve default risk of principal and interest, collateral impairment, nondiversification, borrower industry concentration, and limited liquidity. Index Funds seek to match rather than beat their respective indices. It is not possible to invest in an index. The principal risk of investing in value stocks is that the price of the security may not approach its anticipated value or may decline in value. Growth stocks may be more volatile than other stocks because they are generally more sensitive to investor perceptions and market moves than the non-growth market.
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