World Class Investment Boutiques

World Class Investment Boutiques
MainStay offers access to leading institutional money managers that drive performance. Each autonomous investment boutique maintains its individual
investment process and culture, but is backed by MainStay Investments, a subsidiary of New York Life Insurance Company.
Boutique
Core Capabilities
Pan-European
Multi-Specialist
1699876
Firm Overview
A leading European multi-specialist asset manager with a 20-year track record. Candriam has won European accolades
including the Best European Asset Management Firm by Funds Europe in 2015.3
Long-Only and
Alternative Equity
With roots dating back to 1993, Cornerstone Capital Management offers a broad array of equity strategies across
multiple market capitalizations and styles, including long-only and liquid alternative strategies across U.S. and global
developed and emerging markets.
MLPs/Energy-Related
Companies
Founded in 2003, Cushing Asset Management, LP is an independently owned investment advisory firm, specializing in
Master Limited Partnerships (MLPs) and other energy-related companies.
Global
Equities
Founded in 2004, Epoch Investment Partners is a global equity manager with a distinct perspective on the long-term
drivers of shareholder return.
Large-Cap Value
Founded in 1970, Institutional Capital was created by experienced institutional investment professionals, focused exclusively
on identifying compelling large-cap value companies through rigorous valuation disciplines and catalyst identification.
Absolute Return, Real Asset, and
Global/International ETFs
Formed in 2006, IndexIQ is a pioneer and leading provider of institutional-class exchange-traded funds (ETFs), focused on
innovative strategies.
Taxable/Non-Taxable
Fixed Income
Founded in 1938, MacKay Shields is recognized worldwide for their fixed-income expertise, offering active management
in high-yield, convertible, municipal, and go-anywhere fixed-income strategies.
Multi-Cap
Value
Markston International is an institutional multi-cap value manager that has managed money for an impressive roster of
institutional and private clients since its predecessor firm was founded in 1981.
Multi-Product
Fixed Income
Responsible for managing the general account for New York Life Insurance Company, New York Life Fixed Income
Investors has demonstrated expertise and scale in every major fixed-income sector.
Large-Cap
Growth
Founded in 1992, Winslow Capital Management is a highly specialized large-cap growth manager that searches for
companies with above average earnings growth that they believe will “beat the street.”
FOR REGISTERED REPRESENTATIVE USE ONLY. NOT TO BE USED WITH THE GENERAL PUBLIC.
MainStay and IndexIQ Funds span global themes
Epoch Global Equity Yield Fund
I: EPSYX A: EPSPX
U.S. Equity Opportunities Fund
I: MYCIX A: MYCTX
International Opportunities Fund
I: MYIIX A: MYITX
Large Cap Growth Fund
I: MLAIX A: MLAAX
U.S. economy
continues to
expand
Epoch U.S. Equity Yield Fund
I: EPLCX A: EPLPX
ICAP Equity Fund
I: ICAEX A: ICAUX
ROOF: IQ US Real Estate Small Cap ETF
Cushing Renaissance Advantage Fund
I: CRZZX A: CRZAX
IOIL: IQ Global Oil Small Cap ETF
HFXI: IQ 50 Percent Hedged FTSE
International ETF
HFXE: IQ 50 Percent Hedged FTSE Europe ETF
Robust
M&A activity
U.S. energy
renaissance
Cushing Energy Income Fund
I: CURZX A: CURAX C: CURCX
Cushing MLP Premier Fund
I: CSHZX A: CSHAX
ICAP International Fund
I: ICEUX A: ICEVX
Developed
market equities
poised to recover
Continued search for
income in a low-rate
environment
Unconstrained Bond Fund
I: MSDIX A: MASAX
Global
Themes
MNA: IQ Merger Arbitrage ETF
Investors seeking
solutions to add
diversification or
manage volatility
Rising tax
environment
coupled with
improving U.S.
states financials
Short Duration High Yield Fund
I: MDHIX A: MDHAX
CPI: IQ Real Return ETF
AGGE: IQ Enhanced Core Bond U.S. ETF
AGGP: IQ Enhanced Core Plus Bond U.S. ETF
Income Builder Fund
I: MTOIX A: MTRAX
QAI: IQ Hedge Multi-Strategy Tracker ETF
GRES: IQ Global Resources ETF
High Yield Municipal Bond Fund
I: MMHIX A: MMHAX
Tax Free Bond Fund
I: MTBIX A: MTBAX
New York Tax Free Opportunities Fund
I: MNOIX A: MNOAX
Tax Advantaged Short Term Bond Fund
I: MSTIX A: MSTAX
California Tax Free Opportunities Fund
I: MCOIX A:MSCAX
FOR REGISTERED REPRESENTATIVE USE ONLY. NOT TO BE USED WITH THE GENERAL PUBLIC.
Balanced Fund
I: MBAIX A: MBNAX
Convertible Fund
I: MCNVX A: MCOAX
High Yield Corporate Bond Fund
I: MHYIX A: MHCAX
Floating Rate Fund
I: MXFIX A: MXFAX
HFXJ: IQ 50 Percent Hedged FTSE Japan ETF
As of 5/30/16
MainStay Funds and ETFs Net Expense Ratios*
MainStay Product Name
Manager
Morningstar Category
Symbol
Net Exp.
Ratio %1
AUM ($mm)
As of 03/31/2016
R-Share?
U.S. Equity
MainStay Common Stock Fund
Cornerstone
US OE Large Blend
MSOIX
0.74%
$195.63M
Yes
MainStay Cornerstone Growth Fund
Cornerstone
US OE Large Growth
KLGIX
0.94%
$999.21M
Yes
MainStay Epoch U.S. All Cap Fund
Epoch
US OE Large Blend
MATIX
0.88%
$720.20M
−
MainStay Epoch U.S. Equity Yield Fund
Epoch
US OE Large Value
EPLCX
0.89%
$28.74M
−
MainStay Epoch U.S. Small Cap Fund
Epoch
US OE Small Blend
MOPIX
1.00%
$560.43M
Yes
MainStay ICAP Equity Fund
ICAP
US OE Large Blend
ICAEX
0.88%
$929.5M
Yes
MainStay ICAP Select Equity Fund
ICAP
US OE Large Blend
ICSLX
0.90%
$2.4M
Yes
MainStay Large Cap Growth Fund
Winslow
US OE Large Growth
MLAIX
0.72%
$1.58B
Yes
MainStay MAP Fund
Markston
US OE Large Blend
MUBFX
0.86%
$1.5B
Yes
MainStay U.S. Equity Opportunities Fund
Cornerstone
US OE Large Blend
MYCIX
2.17%2
$1.0B
Yes
IQ Hedge Multi-Strategy Tracker ETF
IndexIQ
US ETF Multialternative
QAI
0.75% 4
$1,068.29M
−
IQ Hedge Macro Tracker ETF
IndexIQ
US ETF World Allocation
MCRO
0.75%
$14.85M
−
IQ Hedge Market Neutral Tracker ETF
IndexIQ
US ETF Market Neutral
QMN
0.75%
$15.18M
−
IQ Merger Arbitrage ETF
IndexIQ
US ETF Market Neutral
MNA
0.75%
$125.16M
−
IQ Real Return ETF
IndexIQ
US ETF Tactical Allocation
CPI
0.48%
$26.70M
−
IQ Hedge Multi-Strategy Plus Fund
IndexIQ
US OE Multialternative
IQHIX
1.16%
$111.88M
−
Absolute Return
International/ Global Equity
MainStay Emerging Markets Opportunities Fund
Cornerstone
US OE Diversified Emerging Markets
MEOIX
1.45%2
$111.8M
−
MainStay Epoch Global Choice Fund
Epoch
US OE World Stock
EPACX
1.09%
$233.9M
−
MainStay Epoch Global Equity Yield Fund
Epoch
US OE World Stock
EPSYX
0.84%
$3.9B
MainStay Epoch International Small Cap Fund
Epoch
US OE Foreign Small/Mid Growth
EPIEX
1.38%
$44.7M
−
MainStay ICAP International Fund
ICAP
US OE Foreign Large Blend
ICEUX
0.95%
$1.7B
Yes
MainStay International Equity Fund
Cornerstone
US OE Foreign Large Growth
MSIIX
1.08%
$331.7M
Yes
MainStay International Opportunities Fund
Cornerstone
US OE Foreign Large Value
MYIIX
3.13%
$764.11M
−
IQ 50 Percent Hedged FTSE International ETF
IndexIQ
US ETF Foreign Large Blend
HFXI
0.35%
$42.50M
−
IQ 50 Percent Hedged FTSE Europe ETF
IndexIQ
US ETF Europe Stock
HFXE
0.45%
$28.52M
−
IQ 50 Percent Hedged FTSE Japan ETF
IndexIQ
US ETF Japan Stock
HFXJ
0.45%
$24.74M
−
IQ Leaders GTAA Tracker ETF
IndexIQ
US ETF World Allocation
QGTA
0.45%
$ 2.00M
−
IQ Enhanced Core Bond U.S. ETF
IndexIQ
US OE Absolute Return
AGGE
0.25%
$17.00M
−
IQ Enhanced Core Plus Bond U.S. ETF
IndexIQ
US OE Absolute Return
AGGP
0.25%
$33.10M
−
MainStay Floating Rate Fund
New York Life Investors
US OE Bank Loan
MXFIX
0.81%
$1.3B
−
−
2
Yes
Taxable Bond
MainStay Global High Income Fund
MacKay Shields
US OE Emerging Markets Bond
MGHIX
0.98%
$181.54M
MainStay Government Fund
MacKay Shields
US OE Intermediate Government
MGOIX
0.75%
$168.90M
−
MainStay High Yield Corporate Bond Fund
MacKay Shields
US OE High Yield Bond
MHYIX
0.71%
$8.9B
Yes
MainStay High Yield Opportunities Fund
MacKay Shields
US OE High Yield Bond
MYHIX
1.74%2
$417.81M
−
MainStay Short Duration High Yield Fund
MacKay Shields
US OE High Yield Bond
MDHIX
0.75%
$519.14M
Yes
MainStay Total Return Bond Fund
MacKay Shields
US OE Intermediate- Term Bond
MTMIX
0.60%
$1.5B
Yes
MainStay Unconstrained Bond Fund
MacKay Shields
US OE Nontraditional Bond
MSDIX
0.76%
$1.6B
Yes
FOR REGISTERED REPRESENTATIVE USE ONLY. NOT TO BE USED WITH THE GENERAL PUBLIC.
AUM ($mm)
MainStay Product Name
Manager
Morningstar Category
Symbol
Net Exp.
Ratio %1
MainStay Convertible Fund
MacKay Shields
US OE Convertibles
MCNVX
0.74%
$781.11M
−
MainStay Income Builder Fund
MacKay Shields
US OE World Allocation
MTOIX
0.77%
$1.5B
Yes
MainStay California Tax Free Opportunities Fund
MacKay Shields
US OE Muni California Long
MCOIX
0.52%
$172.2M
−
MainStay High Yield Municipal Bond Fund
MacKay Shields
US OE High Yield Muni
MMHIX
0.66%
$2.2B
−
MainStay New York Tax Free Opportunities Fund
MacKay Shields
US OE Muni New York Long
MNOIX
0.51%
$145.23M
−
MainStay Tax Advantage Short Term Bond Fund
MacKay Shields
US OE Short-Term Bond
MSTIX
0.55%
$295.72M
−
MainStay Tax Free Bond Fund
MacKay Shields
US OE Muni National Long
MTBIX
0.56%
$1.8B
−
MainStay Absolute Return Multi-Strategy Fund
New York Life Investors
US OE Multialternative
MSNIX
1.83%
$101.1M
−
As of 03/31/2016
R-Share?
Mixed Asset
Municipal/Tax Advantage Bond
Alternative
MainStay Cushing MLP Premier Fund
Cushing
US OE Energy Limited Partnership
CZHZX
1.25%
$1.0B
−
MainStay Cushing Renaissance Advantage Fund
Cushing
US OE Natural Resources
CRZZX
1.33%
$169.81M
−
MainStay Cushing Energy Income Fund
Cushing
US OE Equity Energy
CURZX
1.20%
$65.51M
−
IQ Global Resources ETF
IndexIQ
US ETF Natural Resources
GRES
0.75%
$55.63M
−
IQ Global Agribusiness Small Cap ETF
IndexIQ
US ETF Consumer Defensive
CROP
0.75%
$11.87M
−
IQ Global Oil Small Cap ETF
IndexIQ
US ETF Equity Energy
IOIL
0.75%
$2.52M
−
IQ US Real Estate Small Cap ETF
IndexIQ
US ETF Real Estate
ROOF
0.69%
$77.56M
−
Real Assets
1. Expense ratios shown are as of 3/31/16. These may differ from expense ratios shown in the prospectuses. Expense ratios provided for informational purposes only and are subject to change.
2. The expenses shown include Interest Expense on Securities Sold Short and Broker Fees and Charges on Short Sales for the I share class, without which, the total net expenses are as follows: MEOIX: 1.44%, MYIIX: 1.34%, MYCIX: 1.12%,
MYHIX: 1.05%
3.Among firms with 20–100 billion in assets under management (Source: http://www.funds-europe.com/awards-2015).
4. As stated in the Fund’s prospectus, the management fee of 0.75% is expressed as a unitary fee to cover certain expenses incurred in connection with managing the portfolio. In addition to this management fee, the Fund will indirectly bear
its proportionate share of the fees and expenses of the underlying ETFs in which it invests. The Fund has Total Annual Fund Operating Expenses of 0.97%, which includes (i) other Fund expenses and (ii) the Fund’s pro rata share of fees and
expenses incurred indirectly as a result of investing in other funds, including ETFs and money market funds. This amount will vary over time due to changes in the underlying ETF fees and expenses and the constitution of the Index.
* All numbers reported are net ratios. Certain fee waivers and/or reimbursements may be in effect. In the absence of these waivers and/or reimbursements, expenses would have been higher.
There is no guarantee that the waivers and/or reimbursements will continue.
About Risk
All investments are subject to risk and will fluctuate in value.
Funds that invest in bonds are subject to interest rate risk and can lose principal value when interest rates rise. Bonds are also subject to credit risk which is the possibility that the bond issuer may fail to pay interest and principal in a timely manner.
Alternative investments are speculative, not suitable for all clients, and intended for experienced and sophisticated investors who are willing to bear the high economic risks of the investment.
Please ask your clients to consider the investment objectives, risks and charges and expenses of the investment company carefully before investing. The prospectus or summary prospectus contains this
and other information about the fund and can be obtained by contacting you, the financial professional. Instruct your clients to read the prospectus or summary prospectus carefully before investing.
MainStay Investments® is a registered service mark and name under which New York Life Investment Management LLC does business. New York Life Investments engages the services of federally registered advisors to subadvise the Funds.
Institutional Capital LLC, MacKay Shields LLC, and Candriam Investors Group are affiliates of New York Life Investments. Cushing® Asset Management, LP, Epoch Investment Partners, Inc., Markston International LLC, and Winslow Capital
Management, LLC are unaffiliated. Cornerstone Capital Management LLC is an affiliate of Cornerstone Capital Management Holdings LLC, a wholly owned subsidiary of New York Life Investment Management Holdings LLC. Fixed Income Investors
is a multi-product fixed-income investment manager and a division of New York Life Investments. IndexIQ® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC. MainStay Investments, an indirect subsidiary
of New York Life Insurance Company, New York, NY 10010, provides investment advisory products and services. The MainStay Funds® are managed by New York Life Investment Management LLC and distributed through NYLIFE Distributors LLC,
30 Hudson Street, Jersey City, NJ 07302, a wholly owned subsidiary of New York Life Insurance Company. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. NYLIFE Distributors LLC is a distributor of the ETFs and the principal
underwriter of the IQ Hedge Multi-Strategy Plus Fund. NYLIFE Distributors LLC is a Member FINRA/SIPC.
Not FDIC/NCUA Insured
Not a Deposit
May Lose Value
No Bank Guarantee
Not Insured by Any Government Agency
FOR REGISTERED REPRESENTATIVE USE ONLY. NOT TO BE USED WITH THE GENERAL PUBLIC.
1699876
IIB039-16
IIB06o-06/16