Goal: Generate Alpha with High Quality Value Equities
MainStay WMC Value Fund
Subscribe to receive our high conviction solutions in your inbox.
By subscribing you are consenting to receive personalized online advertisements from New York Life Investments.
Different equity investing styles experience cycles of relative outperformance. While growth investing had been outperforming for an extended period, a market environment featuring higher interest rates and inflation may serve as an inflection point for value style investing to regain market leadership. Furthermore, incorporating quality metrics into a value investing process seeks to help investors weather challenging market environments.
Potential for Value to Outperform Growth Based on Historical Trends
When the Russell 1000 Value has underperformed the Russell 1000 Growth by >1% annualized over a 10-year period, Value went on to outperform Growth by an average of 5.3% per year in the subsequent 10-year period.
Source: Morningstar Direct from available periods since 12/31/1978. This sample includes 10-year periods in which the Russell 1000 Growth outperformed the Russell 1000 Value by greater than 1% annualized. Past performance is no guarantee of future results. An investment cannot be made directly into an index.
Consider MainStay WMC Value Fund
Core value portfolio
The Fund can serve as the cornerstone of a value allocation, with active stock selection seeking fundamentally sound companies trading at a discount.
Focus on quality
Wellington’s inclusion of quality and capital return metrics in its screening process seeks compelling performance across market environments – relevant during this period of economic uncertainty.
Expertise and experience
Wellington is one of the world’s largest independent investment management firms with over $1 trillion in client AUM; the Wellington Value approach dates back to 1978 and is now available in a mutual fund wrapper.
About Risk
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 stocks is that the price of the security may not approach its anticipated value.
Investing in mid-cap stocks may carry more risk than investing in stocks of larger, more well-established companies.
Issuers of convertible securities may not be as financially strong as those issuing securities with higher credit ratings and are more vulnerable to economic changes. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. These risks may be greater for emerging markets.
Certain environmental, social, and governance ("ESG") criteria may be considered when evaluating an investment opportunity. This may result in the Fund having exposure to securities or sectors that are significantly different than the composition of the Fund's benchmark and performing differently than other funds and strategies in its peer group that do not take into account ESG criteria.