Before considering an investment in the Fund, you should understand that you could lose money.
Growth-oriented common stocks and other equity type securities (such as preferred stocks, convertible preferred stocks and convertible bonds) may involve larger price swings and greater potential for loss than other types of investments.
The principal risk of investing in value funds is that the price of the security may not approach its anticipated value.
Investing in smaller companies involves special risks, including higher volatility and lower liquidity.
Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. These risks may be greater for emerging markets.
Russell 3000® Index measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market.
An investment cannot be made directly into an index.
Standard Deviation measures how widely dispersed a fund's returns have been over a specified period of time. A high standard deviation indicates that the range is wide, implying greater potential for volatility.
Alpha measures a fund's risk-adjusted performance and is expressed as an annualized percentage.
Beta is a measure of historical volatility relative to an appropriate index (benchmark) based on its investment objective. A beta greater than 1.00 indicates volatility greater than the benchmark's.
R-Squared measures the percentage of a fund's movements that result from movements in the index.
Sharpe Ratio shown is calculated for the past 36-month period by dividing annualized excess returns by annualized standard deviation.
Annual Turnover Rate is as of the most recent annual shareholder report.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance (this does not include the effects of sales charges, loads, and redemption fees). The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Morningstar ratings as of 1/31/20.
MainStay Epoch U.S. All Cap Fund Morningstar Risk-Adjusted Ratings: US Fund Large Blend Category - Class A Shares Overall Rating 2 stars out of 1230 funds, 3 Year 1 stars out of 1230 funds, 5 Year 2 stars out of 1066 funds, 10 Year 2 stars out of 809 funds. Class C Shares Overall Rating 4 stars out of 1230 funds, 3 Year 4 stars out of 1230 funds, 5 Year 0 stars out of 1066 funds, 10 Year 0 stars out of 809 funds. Class I Shares Overall Rating 4 stars out of 1230 funds, 3 Year 4 stars out of 1230 funds, 5 Year 2 stars out of 1066 funds, 10 Year 2 stars out of 809 funds. Class INV Shares Overall Rating 4 stars out of 1230 funds, 3 Year 4 stars out of 1230 funds, 5 Year 1 stars out of 1066 funds, 10 Year 1 stars out of 809 funds. Class R6 Shares Overall Rating 2 stars out of 1230 funds, 3 Year 1 stars out of 1230 funds, 5 Year 2 stars out of 1066 funds, 10 Year 2 stars out of 809 funds.