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MLAIX MainStay Large Cap Growth I

  • Fund
  • MLAIX
  • Price as of: Aug 08, 2016
  • $9.91
  • - $0.03
  • - 0.30%
  • Category
  • Large Cap Growth Equities

MLAIX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 11.3%
  • 5 Yr Annualized Return 11.3%
  • Net Assets $15.4 B
  • Holdings in Top 10 29.8%

52 WEEK LOW AND HIGH

$9.91
$8.17
$11.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 66.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000,000

IRA

$5,000,000

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 11.3%
  • 5 Yr Annualized Total Return 11.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.02%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name MainStay Large Cap Growth Fund
  • Fund Family Name MainStay
  • Inception Date Apr 01, 2005
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Patrick M. Burton

Fund Description

The MainStay Large Cap Growth Fund Class I (MLAIX) is a low-cost, actively managed fund that seeks undervalued stocks with a high propensity for growth in the years ahead. The fund invests in U.S. stocks with market capitalizations in excess of $4 billion at the time of purchase. MLAIX’s managers use various screens and quantitative management techniques to uncover stocks that appear attractive.

Given its focus on large-cap growths tocks, the fund makes for a perfect subcore position in a broader equity portfolio. The fund is managed by Winslow Capital.

MLAIX - Performance

Return Ranking - Trailing

Period MLAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.8% -97.0% 17.4% 72.56% 4
1 Yr -2.4% -28.3% 24.3% 75.56% 4
3 Yr 11.3% * 0.2% 17.7% 32.89% 2
5 Yr 11.3% * 1.6% 16.2% 52.76% 3
10 Yr 9.4% * 0.4% 13.1% 14.87% 1

* Annualized


Return Ranking - Calendar

Period MLAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.0% -38.0% 13.6% 62.33% 4
2014 N/A -0.7% 12.3% N/A N/A
2013 N/A 23.9% 43.4% N/A N/A
2012 N/A 10.8% 19.6% N/A N/A
2011 N/A -12.1% 12.5% N/A N/A

Total Return Ranking - Trailing

Period MLAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.8% -97.0% 13.2% 72.44% 4
1 Yr -2.4% -28.3% 22.0% 63.02% 4
3 Yr 11.3% * -1.0% 17.7% 28.30% 2
5 Yr 11.3% * 0.4% 16.2% 46.65% 3
10 Yr 9.4% * -0.1% 13.1% 13.76% 1

* Annualized


Total Return Ranking - Calendar

Period MLAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.0% -38.0% 17.4% 62.46% 4
2014 N/A -0.7% 13.1% N/A N/A
2013 N/A 32.4% 62.9% N/A N/A
2012 N/A 15.7% 23.1% N/A N/A
2011 N/A -14.3% 13.3% N/A N/A

NAV & Total Return History

MLAIX - Holdings

Filings data as of: May 31, 2016

Concentration Analysis

MLAIX Category Low Category High MLAIX % Rank Quintile
Net Assets 15.4 B 373 K 146 B 0.96% 1
Number of Holdings 70 1 2190 8.74% 3
Net Assets in Top 10 4.58 B 0 33.1 B 1.22% 1
Weighting of Top 10 29.8% 0.0% 150.9% 20.18% 4

Top 10 Holdings

  1. Visa Inc Class A 3.94%
  2. Facebook Inc A 3.38%
  3. Nike Inc B 2.59%
  4. Amazon.com Inc 4.62%
  5. Alphabet Inc A 2.44%
  6. UnitedHealth Group Inc 3.49%
  7. MasterCard Inc A 2.26%
  8. Danaher Corp 2.43%
  9. Celgene Corp 2.27%
  10. Microsoft Corp 2.33%

Asset Allocation

Weighting Category Low Category High MLAIX % Rank Quintile
Stocks
99.31% 0.00% 109.00% 3.79% 2
Cash
0.69% -9.00% 100.00% 17.61% 4
Other
0.00% -1.32% 24.55% 6.88% 4
Convertible Bonds
0.00% 0.00% 2.81% 0.84% 3
Preferred Stocks
0.00% 0.00% 4.61% 2.31% 3
Bonds
0.00% 0.00% 76.29% 2.89% 3

Stock Sector Breakdown

Weighting Category Low Category High MLAIX % Rank Quintile
Technology
25.16% -1.29% 52.19% 12.34% 3
Healthcare
20.33% -1.03% 98.63% 4.63% 1
Consumer Cyclical
17.63% -2.22% 41.71% 11.31% 3
Industrials
12.30% -0.37% 29.48% 7.71% 2
Financial Services
8.04% -2.38% 40.17% 17.16% 3
Communication Services
5.88% 0.00% 12.93% 3.41% 1
Consumer Defense
3.94% -1.43% 30.67% 22.56% 5
Basic Materials
3.36% -1.18% 12.09% 7.97% 2
Energy
1.59% -2.01% 16.80% 15.62% 3
Real Estate
1.08% 0.00% 11.43% 10.15% 2
Utilities
0.00% -0.18% 16.29% 8.35% 3

Stock Geographic Breakdown

Weighting Category Low Category High MLAIX % Rank Quintile
US
96.82% 0.00% 109.00% 6.75% 2
Non US
2.49% -0.01% 91.03% 16.52% 4

MLAIX - Expenses

Operational Fees

MLAIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.74% 0.00% 24.91% 14.02% 1
Management Fee 0.60% 0.00% 1.50% 2.96% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 1.00% N/A N/A

Sales Fees

MLAIX Fees (% of AUM) Category Low Category High MLAIX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

MLAIX Fees (% of AUM) Category Low Category High MLAIX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% 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.

MLAIX Fees (% of AUM) Category Low Category High MLAIX Rank Quintile
Turnover 66.00% 0.00% 437.00% 6.43% 4

MLAIX - Distributions

Dividend Yield Analysis

MLAIX Category Low Category High MLAIX % Rank Quintile
Dividend Yield N/A 0.00% 2.85% N/A N/A

Dividend Distribution Analysis

MLAIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MLAIX Category Low Category High MLAIX % Rank Quintile
Net Income Ratio 0.02% -5.94% 3.70% 10.10% 3

Capital Gain Distribution Analysis

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

MLAIX - Managers

Patrick M. Burton

Manager

Start Date

Mar 31, 2013

Tenure

3.34

Tenure Rank

9.0%

Mr. Burton is a Managing Director of Winslow Capital Management LLC (“Winslow Capital”) and has managed the MainStay VP Large Cap Growth Portfolio since March 2013. Mr. Burton joined Winslow Capital in 2010 and has been in the securities industry since 1984. Prior to joining Winslow Capital, Mr. Burton was a Senior Equity Research Analyst at Thrivent Asset Management from 2009 to 2010. Prior to that, Mr. Burton was a Managing Director with Citigroup Investments from 1999 to 2009. Mr. Burton received his B.S. with distinction in Finance from the University of Minnesota. He is also a CFA charterholder.


Clark J. Winslow

Manager

Start Date

Oct 28, 2005

Tenure

10.76

Tenure Rank

3.4%

Clark J. Winslow, Chief Executive Officer; Chief Investment Officer. Founded Winslow Capital Management in 1992. As a Senior Vice President at Alliance Capital Management from 1987-1992, Clark managed over $1.1 billion in institutional assets. He served as a Managing Director at J.W. Bristol & Co. in New York from 1980-1987. He started in portfolio management at MacKay-Shields Financial in 1975. Clark began his investment career at Baker, Weeks & Co. as an institutional research analyst from 1966-1975 covering technology. Yale University, B.A. - 1962; Harvard Business School, M.B.A. - 1965.


Justin H. Kelly

Manager

Start Date

Oct 28, 2005

Tenure

10.76

Tenure Rank

3.4%

Justin H. Kelly, CFA, is the Chief Investment Officer (since March 2013) and a Portfolio Manager / Analyst of Winslow Capital. He has joined Winslow Capital Management in April 1999 as a Managing Director with responsibility for research and portfolio management. Justin was co-head of the Technology Research Team at Investment Advisers, Inc. in Minneapolis from 1997-1999. For the prior four years, he was an investment banker in New York City for Prudential Securities and then Salomon Brothers. Babson College, B.S. - 1993 Summa Cum Laude - Finance/Investments


Tenure Analysis

Category Low

0.0

Category High

48.6

Category Average

7.08

Category Mode

1.6