View Here Subscribe Now Performance Snapshot MainStay Investment Insights, October 2011

Special Report: Debt Crisis Update MainStay Makes the Grade Again The ICAP Difference View Here

The Overall Morningstar Rating^TM is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating^TM metrics.

MainStay ICAP Equity Fund Class I shares rated four stars overall and four, four, and three stars for the three-, five-, and 10-year periods from among 1127, 996, and 571 Large Value funds, respectively.

MainStay ICAP Select Equity Fund Class I shares rated four stars overall and four, four, and four stars for the three-, five-, and 10-year periods from among 1127, 996, and 571 Large Value funds, respectively.

MainStay Large Cap Growth Fund A and LW shares rated four stars overall and three stars (four LW), four stars, and four stars for the three-, five-, and 10-year periods from among 1478, 1279, and 804 Large Growth funds, respectively.

MainStay MAP Fund Class I shares rated four stars overall and three stars, three stars, and five stars for the three-, five-, and 10-year periods from among 1580, 1376, and 817 Large Blend funds, respectively.

MainStay ICAP International Fund Class I shares rated four stars overall and four, four and three stars for the three-, five-, and 10-year periods from among 327, 269, and 147 Foreign Large Value funds, respectively.

MainStay International Equity Fund Class A (LW) shares rated four stars overall and one star, four stars, and five stars for the three-, five-, and 10-year periods from among 737, 563, and 317 Foreign Large Blend funds, respectively.

MainStay High Yield Corporate Bond Fund A (LW) shares rated four stars overall and three stars, three stars, and five stars for the three-, five-, and 10-year periods from among 499, 430, and 291 High Yield Bond funds, respectively.

MainStay Intermediate Term Bond A (LW) shares rated four stars overall and three stars and four stars for the three- and five-year periods from among 1018 and 873 Intermediate Term Bond funds, respectively.

Morningstar Rating: For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating^TM based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the next 10% receive one star. The Overall Morningstar Rating^TM is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating^TM metrics. Funds with less than three years of performance history are not rated.

Morningstar Risk: An assessment of the variations in a fund's monthly returns in comparison to similar funds, with an emphasis on downward variation. The greater the variation, the larger the risk score. If two funds have the exact same return, the one with the greater variations in its return is given the larger risk score. In each Morningstar Category, the 10% of funds with the lowest measured risk are described as Low Risk, the next 22.5% Below Average, the middle 35% Average, the next 22.5% Above Average, and the top 10% High. Morningstar Risk is measured for up to three time periods (three, five, and 10 years). These separate measures are then weighted and averaged to produce an overall measure for the fund. Funds with less than three years of performance history are not rated.