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ICSRX MainStay ICAP Select Equity A

  • Fund
  • ICSRX
  • Price as of: May 05, 2017
  • $31.61
  • + $0.19
  • + 0.61%
  • Category
  • Large Cap Value Equities

ICSRX - Profile

Vitals

  • YTD Return -13.7%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 9.2%
  • Net Assets $916 M
  • Holdings in Top 10 44.0%

52 WEEK LOW AND HIGH

$31.61
$31.36
$39.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.25%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 82.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$25,000

IRA

$25,000

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return -13.7%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.88%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name MainStay ICAP Select Equity Fund
  • Fund Family Name MainStay
  • Inception Date Sep 01, 2006
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Michael A. Welhoelter

Fund Description

The fund invests primarily in U.S. dollar-denominated equity securities of U.S. and foreign companies with market capitalizations (at the time of investment) of at least $3 billion. It seeks to achieve a total return greater than the Russell 1000® Value Index over longer periods of time and indices comprised of value-oriented stocks over shorter periods of time. The fund will typically hold between 25 and 30 securities. Under normal circumstances, it will invest at least 80% of its assets (net assets plus borrowings for investment purposes) in common stocks and other equity securities.

ICSRX - Performance

Return Ranking - Trailing

Period ICSRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -13.7% -83.3% 18.0% 91.72% 5
1 Yr 13.8% -47.2% 35.5% 73.54% 4
3 Yr 4.2% * -15.3% 15.8% 88.41% 5
5 Yr 9.2% * -0.1% 15.6% 88.26% 5
10 Yr 4.7% * -0.6% 9.0% 62.85% 4

* Annualized


Return Ranking - Calendar

Period ICSRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.4% -40.1% 180.5% 82.27% 5
2015 -22.0% -47.3% 9.6% 86.10% 5
2014 -6.9% -46.4% 35.3% 82.42% 5
2013 28.1% -13.6% 45.0% 43.23% 3
2012 13.5% -22.7% 35.8% 37.20% 3

Total Return Ranking - Trailing

Period ICSRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -13.7% -83.3% 18.0% 91.51% 5
1 Yr 7.6% -51.7% 110.4% 88.29% 5
3 Yr 2.2% * -11.2% 19.9% 94.31% 5
5 Yr 7.9% * -0.1% 15.6% 93.48% 5
10 Yr 4.1% * -0.6% 9.0% 75.40% 4

* Annualized


Total Return Ranking - Calendar

Period ICSRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 3.0% -23.8% 187.5% 86.49% 5
2015 -4.6% -26.0% 39.5% 53.93% 3
2014 11.4% -14.3% 57.4% 58.48% 3
2013 50.9% 0.0% 289.2% 15.38% 1
2012 29.6% -21.5% 528.1% 15.04% 1

NAV & Total Return History

ICSRX - Holdings

Filings data as of: Feb 28, 2017

Concentration Analysis

ICSRX Category Low Category High ICSRX % Rank Quintile
Net Assets 916 M 273 K 90.3 B 11.99% 3
Number of Holdings 30 1 950 14.46% 5
Net Assets in Top 10 630 M 0 26.5 B 6.66% 2
Weighting of Top 10 44.0% 0.0% 100.1% 3.04% 1

Top 10 Holdings

  1. Apple Inc 5.12%
  2. Royal Dutch Shell PLC ADR Class A 4.51%
  3. Abbott Laboratories 4.94%
  4. Intel Corp 4.08%
  5. Honeywell International Inc 4.69%
  6. Wells Fargo & Co 4.49%
  7. Intercontinental Exchange Inc 4.30%
  8. Oracle Corp 4.33%
  9. Allergan PLC 3.81%
  10. Molson Coors Brewing Co B 3.68%

Asset Allocation

Weighting Category Low Category High ICSRX % Rank Quintile
Stocks
98.12% 0.00% 132.25% 9.61% 3
Cash
1.88% -32.25% 100.00% 13.99% 3
Preferred Stocks
0.00% 0.00% 38.32% 3.71% 4
Other
0.00% -2.60% 29.49% 8.47% 4
Convertible Bonds
0.00% 0.00% 75.13% 1.62% 3
Bonds
0.00% -0.10% 72.34% 4.66% 4

Stock Sector Breakdown

Weighting Category Low Category High ICSRX % Rank Quintile
Technology
18.93% 0.00% 26.02% 3.05% 1
Healthcare
14.83% 0.00% 29.91% 7.15% 2
Industrials
13.53% 0.00% 36.78% 4.96% 1
Financial Services
13.13% 0.00% 44.35% 25.26% 5
Energy
10.01% 0.00% 19.31% 14.11% 3
Communication Services
9.93% -1.44% 11.43% 0.57% 1
Consumer Cyclical
5.98% 0.00% 32.90% 19.35% 4
Basic Materials
4.79% 0.00% 20.30% 7.63% 2
Consumer Defense
3.68% 0.00% 32.06% 24.69% 5
Utilities
3.30% 0.00% 77.05% 13.63% 3
Real Estate
0.00% -0.36% 17.95% 17.92% 5

Stock Geographic Breakdown

Weighting Category Low Category High ICSRX % Rank Quintile
US
90.08% 0.00% 130.89% 16.75% 3
Non US
8.04% 0.00% 99.07% 9.32% 2

ICSRX - Expenses

Operational Fees

ICSRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.25% 0.05% 21.67% 13.89% 3
Management Fee 0.80% 0.00% 1.20% 1.81% 5
12b-1 Fee 0.25% 0.00% 1.00% 2.03% 2
Administrative Fee N/A 0.00% 0.50% N/A N/A

Sales Fees

ICSRX Fees (% of AUM) Category Low Category High ICSRX Rank Quintile
Front Load 5.50% 1.00% 5.75% 1.15% 3
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

ICSRX Fees (% of AUM) Category Low Category High ICSRX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ICSRX Fees (% of AUM) Category Low Category High ICSRX Rank Quintile
Turnover 82.00% 0.00% 229.00% 3.81% 5

ICSRX - Distributions

Dividend Yield Analysis

ICSRX Category Low Category High ICSRX % Rank Quintile
Dividend Yield 0.4% 0.00% 3.58% 10.96% 1

Dividend Distribution Analysis

ICSRX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ICSRX Category Low Category High ICSRX % Rank Quintile
Net Income Ratio 0.88% -2.34% 3.83% 19.12% 4

Capital Gain Distribution Analysis

ICSRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

ICSRX - Managers

Michael A. Welhoelter

Manager

Start Date

Jan 09, 2017

Tenure

0.3

Tenure Rank

13.5%

Michael Welhoelter is Epoch's Chief Risk Officer and heads Epoch's Quantitative Research and Risk Management team. He is also a portfolio manager on all of Epoch's strategies. He is responsible for integrating risk management into the investment process. Mike holds a BA degree in Computer and Information Science from Colgate University. He is a member of the New York Society of Security Analysts, the Society of Quantitative Analysts and holds the Chartered Financial Analyst designation.


Eric L. Sappenfield

Manager

Start Date

Jan 09, 2017

Tenure

0.3

Tenure Rank

13.5%

Eric is a portfolio manager for Epoch’s Global and U.S. Equity Shareholder Yield strategies. Prior to joining Epoch in 2006, he was a research analyst at Spear Leeds & Kellogg where he was responsible for credit/risk assessment. Previously, he was a senior analyst at Steinberg Priest & Sloane Capital Management, LLC focusing on high yield bonds and equities of leveraged companies. Eric’s additional experience includes senior analytical roles at The Carlyle Group, Travelers, and Bankers Trust. Eric holds a BA degree from Stanford University and an MBA from UCLA Anderson School of Management.


William W. Priest

Manager

Start Date

Jan 09, 2017

Tenure

0.3

Tenure Rank

13.5%

William W. Priest, CFA – Chief Executive Officer, Co – Chief Investment Officer & Portfolio Manager Bill is Chief Executive Officer and Co-Chief Investment Officer of Epoch Investment Partners. He is a portfolio manager for Epoch’s global equity investment strategies and leads the Investment Policy Group, a forum for analyzing broader secular and cyclical trends that Epoch believes will influence investment opportunities.


Kera Van Valen

Manager

Start Date

Jan 09, 2017

Tenure

0.3

Tenure Rank

13.5%

Epoch's Global, Non-U.S. and U.S. Equity Shareholder Yield strategies. Prior to joining the Global Equity team Kera was an analyst within Epoch’s Quantitative Research and Risk Management team. Before joining Epoch in 2005, she was a portfolio manager of Structured Equities and Quantitative Research at Columbia Management Group where she was responsible for the day-to-day management of two index funds. She also worked at Credit Suisse Asset Management. Kera received her BA in Mathematics at Colgate University and her MBA at Columbia University, Graduate School of Business.


John M. Tobin

Manager

Start Date

Jan 09, 2017

Tenure

0.3

Tenure Rank

13.5%

John is a portfolio manager for our Global & U.S. Equity Shareholder Yield strategies. Prior to joining Epoch in 2012, John taught undergraduate economics as a lecturer at Fordham University. Before that he spent four years at HSBC Global Asset Management as a senior research analyst and almost twenty years at Credit Suisse Asset Management where he was a senior research analyst for the U.S. High Yield Bond team. Previously he worked at Bankers Trust Company where he began his career. John received AB, AM and PhD degrees in Economics from Fordham University.


Tenure Analysis

Category Low

0.0

Category High

38.7

Category Average

7

Category Mode

2.3