MainStay 130/30 Core, 130/30 Growth, 130/30 International, All Cap Growth, Balanced, Capital Appreciation, Common Stock, Conservative Allocation, Convertible, Growth Allocation, ICAP Equity, ICAP Global, ICAP International, ICAP Select Equity, Income Manager, International Equity, Large Cap Growth, MAP, Mid Cap Core, Mid Cap Growth, Mid Cap Value, Moderate Allocation, Moderate Growth Allocation, Small Cap Growth, Small Cap Opportunity, Small Cap Value, Total Return, and Value Funds: Class A shares are sold with a maximum initial sales charge of 5.5% and have an annual 12b-1 fee of .25%. The minimum initial investment for Class A shares is $25,000.
MainStay 130/30 High Yield, Diversified Income, Global High Income, Government, High Yield Corporate Bond, MainStay Intermediate Term Bond, and Tax Free Bond Funds: Class A shares are sold with a maximum initial sales charge of 4.5% and have an annual 12b-1 fee of .25%. The minimum initial investment for Class A shares is $25,000.
MainStay Equity Index, Floating Rate, Indexed Bond, S&P 500 Index, and Short Term Bond Funds: Class A shares are sold with a maximum initial sales charge of 3% and have an annual 12b-1 fee of .25%. The minimum initial investment for Class A shares is $25,000.
MainStay 130/30 Core, 130/30 Growth, 130/30 International, All Cap Growth, Balanced, Capital Appreciation, Common Stock, Conservative Allocation, Convertible, Growth Allocation, ICAP Equity, ICAP Global, ICAP International, ICAP Select Equity, Income Manager, International Equity, Large Cap Growth, MAP, Mid Cap Core, Mid Cap Growth, Mid Cap Value, Moderate Allocation, Moderate Growth Allocation, Small Cap Growth, Small Cap Opportunity, Small Cap Value, Total Return, and Value Funds: Investor Class shares are sold with a maximum initial sales charge of 5.5% and have an annual 12b-1 fee of .25%.
MainStay 130/30 High Yield, Diversified Income, Global High Income, Government, High Yield Corporate Bond, MainStay Intermediate Term Bond, and Tax Free Bond Funds: Investor Class shares are sold with a maximum initial sales charge of 4.5% and have an annual 12b-1 fee of .25%.
MainStay Floating Rate, Indexed Bond, S&P 500 Index, and Short Term Bond Funds: Investor Class shares are sold with a maximum initial sales charge of 3% and have an annual 12b-1 fee of .25%.
Class B shares are sold with no initial sales charge, are subject to a CDSC of up to 5% (3% for MainStay Floating Rate Fund) if redeemed within the first six years of purchase (four years for MainStay Floating Rate Fund), and have an annual 12b-1 fee of 1% (.5% for MainStay Tax Free Bond Fund).
Class C shares are sold with no initial sales charge, are subject to a CDSC of 1% if redeemed within one year of purchase, and have an annual 12b-1 fee of 1% (.5% for MainStay Tax Free Bond Fund).
Class I shares are sold with no initial sales charge or CDSC, have no annual 12b-1 fee, and are generally available to corporate and institutional investors with a minimum initial investment of $5 million.
Class R1 shares are sold with no initial sales charge or CDSC, have no annual 12b-1 fee, and are available only through corporate-sponsored retirement programs, which include certain minimum program requirements.
Class R2 shares are sold with no initial sales charge or CDSC, have an annual 12b-1 fee of .25%, and are available only through corporate-sponsored retirement programs, which include certain minimum program requirements.
Class R3 shares are sold with no initial sales charge or CDSC, have an annual 12b-1 fee of .50%, and are available only through corporate-sponsored retirement programs, which include certain minimum program requirements.
Additionally, for MainStay 130/30 High Yield, 130/30 International, Floating Rate, High Yield Corporate Bond, ICAP Global, ICAP International, and International Equity Funds, a redemption fee of 2% will be applied to any shares that are redeemed within 60 days of purchase.
Additionally:
Performance shown at NAV is based on total returns with reinvestment of capital gain and dividend distributions and does not reflect the effect of any sales charges or non-recurring fees, which, if reflected, would reduce performance shown.
SEC average annual total returns shown include the maximum sales charge and show the percentage change for each of the required periods with capital gain and dividend distributions reinvested.
Gross and Net Annual Operating Expenses shown are from the most recent Fund prospectus fee table. Net operating expenses for all MainStay Funds (except MainStay Capital Appreciation, High Yield Corporate Bond, and ICAP Equity Funds) reflect contractual waivers and/or expense limitations which may be modified or terminated only with the approval of the Funds' Board. Contractual waivers and/or expense limitations for MainStay ICAP Equity Fund are in effect through 5/1/09, and there is no guarantee that these waivers and/or expense limitations will continue after that date. MainStay Capital Appreciation and High Yield Corporate Bond Funds have no fee waivers or expense limitations in effect.
Total return since inception is quoted for Funds with less than 10 years of operating history.
Applies to all funds listed above except MainStay Capital Appreciation Fund and MainStay High Yield Corporate Bund Fund: Performance figures reflect contractual waivers and/or expense limitations (see footnote 3), without which total returns may have been lower. Absent these waivers and/or expense limitations, SEC yields for the following Funds would have been: MainStay 130/30 High Yield Fund, Class A: 14.08%, Investor Class: 14.08%, Class C: 13.98%, Class I: 15.03%; MainStay Diversified Income Fund, Class A: 7.52%, Investor Class: 7.13%, Class B: 6.71%, Class C: 6.71%, Class I: 8.14%; MainStay Floating Rate Fund, Class A: 5.95%, Investor Class: 5.70%, Class B: 5.12%, Class C: 5.12%, Class I: 6.39%; MainStay Global High Income Fund, Class A: 8.48%, Investor Class: 8.24%, Class B: 7.90%, Class C: 7.90%, Class I: 9.13%; MainStay Government Fund, Class A: 2.58%, Investor Class: 2.46%, Class B: 1.84%, Class C: 1.84%, Class I: 2.95%; MainStay Indexed Bond Fund, Class A: 3.52%, Investor Class: 3.07%, Class I: 3.88%; MainStay Institutional Bond Fund: Class I: 4.62%; MainStay Intermediate Term Bond Fund, Class A: 3.59%, Investor Class: 3.42%, Class B: 2.84%, Class C: 2.84%, Class I: 4.01%; MainStay Short Term Bond Fund, Class A: 1.12%, Investor Class: 0.14%, Class I: 1.68%; and MainStay Tax Free Bond Fund, Class A: 4.13%, Investor Class: 3.93%, Class B: 3.87%, Class C: 3.87%.
MainStay All Cap Growth Fund, and MainStay Intermediate Term Bond Fund: Performance for Class A, B, and C shares, first offered 1/2/04, includes the historical performance of the Fund's Class I shares from inception (1/2/91) through12/31/03 adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from Fund inception (1/2/91) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
MainStay Capital Appreciation Fund, MainStay Value Fund, MainStay Government Fund, and MainStay High Yield Corporate Bond Fund: Performance for Class A, C, and I shares, first offered 1/3/95, 9/1/98, and 1/2/04, respectively, includes the historical performance of the Fund's Class B shares from inception (5/1/86) through 12/31/94 for Class A, through 8/31/98 for Class C, and through 12/31/03 for Class I, adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from Fund inception (5/1/86) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
MainStay Equity Index Fund: Effective 1/1/02, MainStay Equity Index Fund was closed to new investors and new share purchases.
MainStay ICAP Equity Fund, MainStay ICAP Select Equity Fund, and MainStay ICAP International Fund: Effective 8/31/06, ICAP Equity Fund, ICAP International Fund, and ICAP Select Equity Fund were renamed MainStay ICAP Equity Fund, MainStay ICAP International Fund, and MainStay ICAP Select Equity Fund, respectively. At that time, each Fund's existing no-load shares were redesignated Class I shares. Performance for Class A and Class C shares of each Fund, first offered 8/31/06, includes the historical performance of each respective Fund's Class I shares from inception (12/31/94 for ICAP Equity Fund and 12/31/97 for ICAP International Fund and ICAP Select Equity Fund) through 8/30/06, adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. Performance for Investor Class shares of each Fund, first offered 4/30/08, includes the historical performance of each respective fund's Class A shares from Fund inception (12/31/94 for ICAP Equity Fund and 12/31/97 for ICAP International Fund and ICAP Select Equity Fund) through 4/29/08, adjusted to reflect the applicable fees and expense for such shares.
MainStay Large Cap Growth Fund: On 4/1/05, FMI Winslow Growth Fund was reorganized as MainStay Large Cap Growth Fund Class A shares. Performance for MainStay Large Cap Growth Fund Class A shares includes the historical performance of the FMI Winslow Growth Fund from inception (7/1/95) through 3/31/05 adjusted to reflect the current applicable maximum sales charge and fees and expenses for such shares. Performance for Class B, C, and I shares, first offered 4/1/05, and performance for Investor Class shares, first offered 2/28/08, include the historical performance of Class A shares from inception (7/1/95) through 3/31/05 for Class B, C, and I shares, and through 2/27/08 for Investor Class shares, adjusted for differences in certain contractual expenses and fees. Prior to the reorganization (7/1/95-3/31/05), the Fund operated as the FMI Winslow Growth Fund, had no sales charge, and its total net expenses were capped at 1.30%. The total expenses of MainStay Large Cap Growth Fund Class A shares are currently capped at 1.18%. Fund performance for all share classes prior to 4/1/05 has not been adjusted to reflect the current expense cap. If the above adjustments had not been made, or if Fund performance for all share classes prior to 4/1/05 had been adjusted to reflect the current expense caps, the performance numbers shown would have been different.
Performance for Class R1, R2, and R3 shares, first offered 4/1/05, 4/1/05, and 4/28/06, respectively, includes the historical performance of the Fund's Class A shares from inception (7/1/95) through 3/31/05 for Class R1 and R2, and through 4/27/06 for Class R3, adjusted to reflect the applicable fees and expenses for such shares.
MainStay Mid Cap Core Fund:Effective 9/29/08, MainStay Mid Cap Opportunity Fund was renamed MainStay Mid Cap Core Fund. At that time, the Fund's investment objective was changed from seeking total return to seeking long-term growth of capital. Performance for Class A and B shares, first offered 1/2/04, includes the historical performance of the Fund's Class I shares from inception (12/27/94) through 12/31/03 adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. Prior to 1/1/04, the Fund offered Class L shares, which were subject to a 1% sales charge and a 1% CDSC on redemptions within one year of purchase. Performance for Class L shares, first offered 12/30/02, includes the historical performance of the Class I shares from inception (12/27/94) through 12/29/02 adjusted to reflect the applicable sales charge, CDSC, and fees and expenses for such shares. Effective 1/1/04, all outstanding Class L shares of the Fund were converted and/or redesignated Class C shares. Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from Fund inception (12/27/94) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
Performance for Class R3 shares, first offered 4/28/06, includes the historical performance of the Fund's Class I shares from inception (12/27/94) through 4/27/06 adjusted to reflect the applicable fees and expenses for such shares.
MainStay S&P 500 Index Fund, MainStay Indexed Bond Fund, and MainStay Short Term Bond Fund: Performance for Class A shares, first offered 1/2/04, includes the historical performance of the Fund's Class I shares from inception (1/2/91) through 12/31/03 adjusted to reflect the applicable sales charge and fees and expenses for such shares. Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from Fund inception (1/2/91) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
MainStay Small Cap Opportunity Fund: Performance for Class A and B shares, first offered 1/2/04, includes the historical performance of the Fund's Class I shares from inception (1/12/87) through 12/31/03 adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. Prior to 1/1/04, the Fund offered Class L shares, which were subject to a 1% sales charge and a 1% CDSC on redemptions within one year of purchase. Performance for Class L shares, first offered 12/30/02, includes the historical performance of the Class I shares from inception through 12/29/02 adjusted to reflect the applicable sales charge, CDSC, and fees and expenses for such shares. Effective 1/1/04, all outstanding Class L shares of the Fund were converted and/or redesignated Class C shares. Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from Fund inception (1/12/87) through 2/27/08 adjusted to reflect the applicable
fees and expense for such shares.
MainStay Money Market Fund:The 7-day current yield is based on the latest 7-day period ended 12/31/08. Yields reflect contractual waivers and/or expense limitations, without which the 7-day current yield would have been: Class A: 0.23%, Investor Class: 0.00%, Class B: 0.00%, and Class C: 0.00%. These limitations may be modified or terminated only with the approval of the Fund's Board. The 7-day current yield more closely reflects the current earnings of theFund than the total return.
MainStay Money Market Fund, MainStay Tax Free Bond Fund, and MainStay Convertible Fund: Performance for Class A, C, and I shares, first offered 1/3/95, 9/1/98, and 11/28/08, respectively, includes the historical performance of the Fund's Class B shares from inception (5/1/86) through 12/31/94 for Class A, through 8/31/98 for Class C, and through 11/27/08 for Class I, adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from Fund inception (5/1/86) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
MainStay Tax Free Bond Fund: MainStay Tax Free Bond Fund is not available in Retirement Services products.
MainStay Balanced Fund: Performance for Class A and B shares, first offered 1/2/04, includes the historical performance of the Fund's Class I shares from inception (5/1/89) through 12/31/03 adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. Prior to 1/1/04, the Fund offered Class L shares, which were subject to a 1% sales charge and a 1% CDSC on redemptions within one year of purchase. Performance for Class L shares, first offered 12/30/02, includes the historical performance of the Class I shares from inception through 12/29/02, adjusted to reflect the applicable sales charge, CDSC, and fees and expenses for such shares. Effective 1/1/04, all outstanding Class L shares of the Fund were converted and/or redesignated Class C shares. Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from Fund inception (5/1/89) through 2/27/08 adjusted to reflect the applicable
fees and expense for such shares.
Performance for Class R1, R2, and R3 shares, first offered 1/2/04, 1/2/04, and 4/28/06, respectively, includes the historical performance of the Fund's Class I shares from inception (5/1/89) through 12/31/03 for Class R1 and R2, and through 4/27/06 for Class R3, adjusted to reflect the applicable fees and expenses for such shares.
MainStay Income Manager Fund: Performance for Class A and B shares, first offered 1/2/04, includes the historical performance of the Fund's Class I shares from inception (1/2/91) through 12/31/03 adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. Prior to 1/1/04, the Fund offered Class L shares, which were subject to a 1% sales charge and a 1% CDSC on redemptions within one year of purchase. Performance for Class L shares, first offered 12/30/02, includes the historical performance of the Class I shares from inception through 12/29/02, adjusted to reflect the applicable sales charge, CDSC, and fees and expenses for such shares. Effective 1/1/04, all outstanding Class L shares of the Fund were converted and/or redesignated Class C shares. Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from Fund inception (1/2/91) through 2/27/08 adjusted to reflect the applicable
fees and expense for such shares.
MainStay Total Return Fund: Performance for Class A, C, and I shares, first offered 1/3/95, 9/1/98, and 1/2/04, respectively, includes the historical performance of the Fund's Class B shares from inception (12/29/87) through 12/31/94 for Class A, through 8/31/98 for Class C, and through 12/31/03 for Class I, adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from Fund inception (12/29/87) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
MainStay International Equity Fund: Performance for Class A, C, and I shares, first offered 1/3/95, 9/1/98, and 1/2/04, respectively, includes the historical performance of the Fund's Class B shares from inception (9/13/94) through 12/31/94 for Class A, through 8/31/98 for Class C, and through 12/31/03 for Class I, adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from Fund inception (9/13/94) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
Performance for Class R1, R2, and R3 shares, first offered 1/2/04, 1/2/04, and 4/28/06, respectively, includes the historical performance of the Fund's Class B shares from inception (9/13/94) through 12/31/03 for Class R1 and R2, and through 4/27/06 for Class R3, adjusted to reflect the applicable fees and expenses for such shares.
MainStay Conservative Allocation Fund, MainStay Growth Allocation Fund, MainStay Moderate Allocation Fund, and MainStay Moderate Growth Allocation Fund: The Fund is a "fund of funds" that invests in shares of other mutual funds within the MainStay Family of Funds (the underlying funds). Fund 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 underlying Funds' performance may be lower than the performance of the asset class which they were selected to represent. The Fund may invest more than 25% of its assets in one underlying Fund, which may significantly affect net asset value of the Fund. Also, the cost of investing in this type of 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.
Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from inception (4/4/05) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
MainStay 130/30 Core Fund and MainStay 130/30 Growth Fund: Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from inception (6/29/07) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
MainStay Common Stock Fund: Performance for Class C shares, first offered 9/1/98, includes the historical performance of the Fund's Class B shares from inception (6/1/98) through 8/31/98 adjusted to reflect the applicable CDSC for such shares. Performance for Class I and Investor Class shares, first offered 12/28/04 and 2/28/08, respectively, includes the historical performance of the Fund's Class A shares from inception (6/1/98) through 12/27/04 for Class I and through 2/27/08 for Investor Class shares, adjusted to reflect the applicable fees and expenses for such shares.
MainStay Mid Cap Growth Fund: Performance for Class I and Investor Class shares, first offered 3/29/05 and 2/28/08, respectively, includes the historical performance of the Fund's Class A shares from inception (1/2/01) through 3/28/05 for Class I and through 2/27/08 for Investor Class, adjusted to reflect the applicable fees and expenses for such shares.
Performance for Class R2 and R3 shares, first offered 4/30/08 and 4/28/06, respectively, includes the historical performance of the Fund's Class A shares from inception (1/2/01) through 4/29/08 for Class R2, and through 4/27/06 for Class R3, adjusted to reflect the applicable fees and expenses for such shares.
MainStay Mid Cap Value Fund: Performance for Class C shares, first offered 9/1/98, includes the historical performance of the Fund's Class B shares from inception (6/1/98) through 8/31/98 adjusted to reflect the applicable CDSC for such shares. Performance for Class I and Investor Class shares, first offered 1/2/04 and 2/28/08, respectively, includes the historical performance of the Fund's
Class A shares from inception (6/1/98) through 12/31/03 for Class I and through 2/27/08 for Investor Class, adjusted to reflect the applicable fees and expenses for such shares.
Performance for Class R1 and R2 shares, first offered 1/2/04, includes the historical performance of the Fund's Class A shares from inception (6/1/98) through 12/31/03 adjusted to reflect the applicable fees and expenses for such shares.
MainStay Small Cap Growth Fund: Performance for Class C shares, first offered 9/1/98, includes the historical performance of the Fund's Class B shares from inception (6/1/98) through 8/31/98 adjusted to reflect the applicable CDSC for such shares. Performance for Class I and Investor Class shares, first offered 5/31/06 and 2/28/08, respectively, includes the historical performance of the
Fund's Class A shares from inception (6/1/98) through 5/30/06 for Class I and through 2/27/08 for Investor Class, adjusted to reflect the applicable fees and expenses for such shares.
MainStay Small Cap Value Fund: Performance for Class C shares, first offered 9/1/98, includes the historical performance of the Fund's Class B shares from inception (6/1/98) through 8/31/98 adjusted to reflect the applicable CDSC for such shares. Performance for Class I and Investor Class shares, first offered 2/16/05 and 2/28/08, respectively, includes the historical performance of the Fund's Class A shares from inception (6/1/98) through 2/15/05 for Class I and through 2/27/08 for Investor Class, adjusted to reflect the applicable fees and expenses for such shares.
MainStay 130/30 High Yield Fund: Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from inception (12/14/07) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
MainStay Diversified Income Fund: Performance for Class C shares, first offered 9/1/98, includes the historical performance of the Fund's Class B shares from inception (2/28/97) through 8/31/98 adjusted to reflect the applicable CDSC for such shares. Performance for Class I and Investor Class shares, first offered 1/2/04 and 2/28/08, respectively, includes the historical performance of the Fund's Class A shares from inception (2/28/97) through 12/31/03 for Class I and through 2/27/08 for Investor Class, adjusted to reflect the applicable fees and expenses for such shares.
MainStay Floating Rate Fund: Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from inception (5/3/04) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
MainStay 130/30 International Fund: Performance for Investor Class shares, first offered 2/28/08, includes the historical performance of Class A shares from inception (9/28/07) through 2/27/08 adjusted to reflect the applicable fees and expense for such shares.
MainStay Global High Income Fund: Performance for Class C shares, first offered 9/1/98, includes the historical performance of the Fund's Class B shares from inception (6/1/98) through 8/31/98 adjusted to reflect the applicable CDSC for such shares. Performance for Class I and Investor Class shares, first offered 8/31/07 and 2/28/08, respectively, includes the historical performance of the Fund's Class A shares from inception (6/1/98) through 8/30/07 for Class I and through 2/27/08 for Investor Class, adjusted to reflect the applicable fees and expenses for such shares.
MainStay MAP Fund: Effective 6/9/99, MAP-Equity Fund was reorganized as MainStay MAP Fund Class I shares. Performance for MainStay MAP Fund Class I shares, first offered 6/9/99, includes the performance of MAP-Equity Fund from inception (1/21/71) through 6/8/99. Prior to the reorganization, shares of MAP-Equity Fund were subject to a maximum 4.75% sales charge.
Performance for Class R1, R2, and R3 shares, first offered 1/2/04, 1/2/04, and 4/28/06, respectively, includes the historical performance of the Fund's Class A shares from inception (6/9/99) through 12/31/03 for Class R1 and R2, and through 4/27/06 for Class R3, adjusted to reflect the applicable fees and expenses for such shares.
MainStay Cash Reserves Fund: The 7-day current yield is based on the latest 7-day period ended 12/31/08. Yield reflects contractual waivers and/or expense limitations, without which the 7-day current yield would have been 0.66%. These limitations may be modified or terminated only with the approval of the Fund's Board. The 7-day current yield more closely reflects the current earnings of the Fund than the total return.
MainStay Institutional Bond Fund: Effective 11/27/07, McMorgan Intermediate Fixed Income Fund (along with McMorgan Fixed Income Fund) was reorganized with and into MainStay Institutional Bond Fund. Performance includes the performance history of the McMorgan Intermediate Fixed Income Fund from inception (7/14/94) through 11/26/07.
MainStay Principal Preservation Fund: Effective 11/27/07, McMorgan Principal Preservation Fund was reorganized with and into MainStay Principal Preservation Fund. Performance includes the performance history of the McMorgan Principal Preservation Fund from inception (7/13/94) through 11/26/07.
The 7-day current yield is based on the latest 7-day period ended 12/31/08. Yield reflects contractual waivers and/or expense limitations, without which the 7-day current yield would have been 2.19%. These limitations may be modified or terminated only with the approval of the Fund's Board. The 7-day current yield more closely reflects the current earnings of the Fund than the total return.
MainStay ICAP Equity Fund: Performance for Class R1, R2, and R3 shares, first offered 8/31/06, includes the historical performance of the Fund's Class I shares from inception (12/31/94) through 8/30/06 adjusted to reflect the applicable fees and expenses for such shares.
MainStay ICAP Select Equity Fund and MainStay ICAP International Fund: Performance for Class R1, R2, and R3 shares, first offered 8/31/06, includes the historical performance of the Fund's Class I shares from inception (12/31/97) through 8/30/06 adjusted to reflect the applicable fees and expenses for such shares.
MainStay Value Fund: Performance for Class R1 and R2 shares, first offered 1/2/04, includes the historical performance of the Fund's Class B shares from inception (5/1/86) through 12/31/03 adjusted to reflect the applicable fees and expenses for such shares.
MainStay High Yield Corporate Bond Fund: Performance for Class R2 shares, first offered 4/30/08, includes the historical performance of the Fund's Class B shares from inception (5/1/86) through 4/29/08 adjusted to reflect the applicable fees and expenses for such shares.
