MainStay MacKay Common Stock Fund | New York Life Investments

Overview

Seeks long-term growth of capital.

Large-cap focus

Primarily invests in the common stocks of U.S. companies with market capitalizations that are similar to the S&P 500 Index and the Russell 1000 Index.

Broad diversification

The Fund seeks to construct a broadly-diversified portfolio across sectors and industries.

Experienced risk managers

The team seeks to control the Fund's risk exposure through its disciplined investment process and by diversifying over a large number of securities.

Performance

Class A & INV: 5.5% maximum initial sales charge; a 1% CDSC may be imposed on certain redemptions made within 18 months of the date of purchase on shares that were purchased without an initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC.

Returns represent past performance which is no guarantee of future results. Current performance may be lower or higher. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Performance figures reflect a contractual fee waiver and/or expense limitation agreement, without which total returns may have been lower. This agreement shall renew automatically for one-year terms unless written notice is provided prior to the start of the next term or upon approval of the Board.

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Does not reflect the effect of any sales charge, which would reduce performance shown. Performance for other sales charges will differ based on differences in sales charges and expense structure.

Portfolio

Top Sectors (%)

Distribution & Yields

Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital (ROC) of your investment in the fund. Because the distribution rate and the 12-month rate may include a ROC, they should not be confused with yield or income. Please refer to the most recent Section 19 Notice, if applicable, for additional information regarding the composition of distributions. Final determination of a distribution’s tax character will be made on Form 1099 DIV sent to shareholders each January.

Distribution Rate: The distribution rate measures the percentage return in the form of dividends. It is calculated daily by annualizing the most recent dividend distribution and dividing by the daily share price (NAV or POP). If the Fund did not make a distribution as of the latest scheduled distribution date, "N/A" will be displayed.

12-month Rate: The 12-month rate measures the percentage return in the form of dividends. It is calculated monthly by taking the sum of the trailing 12-month dividend payments divided by the last month's ending share price (NAV or POP) plus any capital gains distributed over previous 12 months. If the Fund did not make any distributions over the previous 12 months, "N/A" will be displayed.

The SEC 30-day Yield is calculated by dividing the net investment income per share for the first 30 days of the month by the offering price per share at the end of that period. The yield reflects the dividends and interest earned during the period, after the deduction of the Fund's expenses. Yield reflects a fee waiver and/or expense limitation agreement without which the 30-day SEC Yield would have been lower.

Dividend distributions are the distribution of a dividend to mutual fund shareholders as of a certain date. The following Funds declare daily dividends: MainStay MacKay California Tax Free Opportunities, MainStay Floating Rate, MainStay MacKay High Yield Municipal Bond, MainStay MacKay Infrastructure Bond, MainStay Money Market, MainStay MacKay New York Tax Free Opportunities, MainStay MacKay Tax Advantaged ShortTerm Bond and MainStay MacKay Tax Free Bond.

Click here for MainStay Funds sales charge and breakpoint information.

Fees & Expenses

Team

Income and equity investment professionals offering a broad range of related strategies.

Boutique offering a range of fixed income and equity strategies including investment-grade high yield, bank loans and municipals as well as fundamental and systematic equities.

Learn More

Migene Kim

Managing Director

Mona Patni

Managing Director

Literature

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BEFORE YOU INVEST

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.

The Underlying Funds may experience a portfolio turnover rate of over 100% and may generate short-term capital gains which are taxable.

S&P 500® Index is widely regarded as the standard index for measuring large-cap U.S. stock market performance.

Russell 1000® Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000® Index and includes approximately 1,000 of the largest securities based on a combination of their market cap and current index membership.

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 12/31/20.

MainStay MacKay Common Stock Fund Morningstar Risk-Adjusted Ratings: US Fund Large Blend Category - Class A Shares Overall Rating 3 stars out of 1232 funds, 3 Year 2 stars out of 1232 funds, 5 Year 2 stars out of 1072 funds, 10 Year 3 stars out of 814 funds. Class B Shares Overall Rating 2 stars out of 1232 funds, 3 Year 2 stars out of 1232 funds, 5 Year 2 stars out of 1072 funds, 10 Year 2 stars out of 814 funds. Class C Shares Overall Rating 2 stars out of 1232 funds, 3 Year 2 stars out of 1232 funds, 5 Year 2 stars out of 1071 funds, 10 Year 2 stars out of 814 funds. Class I Shares Overall Rating 3 stars out of 1232 funds, 3 Year 2 stars out of 1232 funds, 5 Year 2 stars out of 1072 funds, 10 Year 2 stars out of 814 funds. Class INV Shares Overall Rating 3 stars out of 1232 funds, 3 Year 2 stars out of 1232 funds, 5 Year 2 stars out of 1072 funds, 10 Year 3 stars out of 814 funds. Class R3 Shares Overall Rating 2 stars out of 1232 funds, 3 Year 2 stars out of 1232 funds, 5 Year 2 stars out of 1072 funds, 10 Year 3 stars out of 814 funds.

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Overview

Overview

Performance

Performance

Portfolio

Portfolio

Distribution & Yields

Distribution & Yields

Fees & Expenses

Fees & Expenses

Team

Team

Literature

Literature

BEFORE YOU INVEST

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