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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.20

$982 M

2.71%

$0.57

1.06%

Vitals

YTD Return

8.3%

1 yr return

22.4%

3 Yr Avg Return

8.6%

5 Yr Avg Return

9.3%

Net Assets

$982 M

Holdings in Top 10

21.2%

52 WEEK LOW AND HIGH

$20.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.06%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$15,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.20

$982 M

2.71%

$0.57

1.06%

EPLPX - Profile

Distributions

  • YTD Total Return 8.3%
  • 3 Yr Annualized Total Return 8.6%
  • 5 Yr Annualized Total Return 9.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.76%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    MainStay Epoch U.S. Equity Yield Fund
  • Fund Family Name
    MainStay Group of Funds
  • Inception Date
    Feb 03, 2009
  • Shares Outstanding
    26074673
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Welhoelter

Fund Description

The Fund generally invests in a diversified portfolio consisting of equity securities of U.S. companies that have a history of attractive dividend yields and positive growth in operating cash flow. Under normal circumstances, the Fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities of dividend-paying U.S. companies across all market capitalizations. The Fund may invest up to 15% of its net assets in foreign securities. An issuer of a security is considered to be a U.S. or foreign issuer based on the issuer's "country of risk" (or similar designation) as determined by a third-party such as Bloomberg.

Investment Process: Epoch Investment Partners, Inc., the Fund's Subadvisor, invests primarily in companies that generate increasing levels of free cash flow and have management teams that the Subadvisor believes allocate free cash flow effectively to create shareholder value.

The security selection process focuses on free-cash-flow analytics as opposed to traditional accounting-based metrics. The Subadvisor seeks to identify companies with a consistent, straightforward ability to both generate free cash flow and to intelligently allocate it among internal reinvestment opportunities, acquisitions, dividends, share repurchases and/or debt reduction.

The Subadvisor seeks to find and invest in companies that meet its definition of quality-companies that are free cash flow positive or becoming free cash flow positive, and that are led by strong management. The Subadvisor evaluates whether a company has a focus on shareholder yield by analyzing the company's existing cash dividend, the company's share repurchase activities, and the company's debt reduction activities as well as the likelihood of positive changes to each of these criteria, among other factors. Material environmental, social and governance ("ESG") factors are identified and monitored by the Subadvisor. Material ESG factors vary by company and industry, but the Subadvisor pays particular attention to factors relating to climate change and corporate governance. This information is taken into account by the Subadvisor in making investment decisions. Material ESG factors are identified and monitored by the Subadvisor through review of ESG information published by the company (where relevant) or selected specialist third-party research and data providers. While the Subadvisor considers ESG factors in the investment decision-making process of the Fund, this does not mean that ESG considerations are the sole or foremost considerations for investment decisions.

The Subadvisor may sell or reduce a position in a security when it believes its investment objectives have been met or if the investment thesis is failing to materialize. The Subadvisor may also sell or reduce a position in a security if it sees an interruption to the dividend policy, a deterioration in fundamentals or when the security is deemed less attractive relative to another security on a return/risk basis.

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EPLPX - Performance

Return Ranking - Trailing

Period EPLPX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -4.5% 22.2% 53.34%
1 Yr 22.4% -5.0% 42.6% 62.19%
3 Yr 8.6%* -2.6% 31.5% 50.00%
5 Yr 9.3%* -0.1% 44.3% 79.60%
10 Yr 9.1%* 1.3% 24.9% 45.03%

* Annualized

Return Ranking - Calendar

Period EPLPX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -24.9% 46.1% 71.01%
2022 -6.2% -65.1% 4.6% 15.28%
2021 20.4% -44.2% 57.5% 30.34%
2020 -2.4% -23.2% 285.0% 66.64%
2019 19.0% -21.4% 48.5% 50.86%

Total Return Ranking - Trailing

Period EPLPX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -4.5% 22.2% 53.34%
1 Yr 22.4% -5.0% 42.6% 62.19%
3 Yr 8.6%* -2.6% 31.5% 50.00%
5 Yr 9.3%* -0.1% 44.3% 79.60%
10 Yr 9.1%* 1.3% 24.9% 45.03%

* Annualized

Total Return Ranking - Calendar

Period EPLPX Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% -15.9% 46.7% 73.70%
2022 -3.0% -42.0% 8.5% 25.44%
2021 22.5% 3.6% 129.7% 83.29%
2020 -0.1% -22.6% 304.8% 76.21%
2019 23.7% -12.7% 52.1% 71.26%

NAV & Total Return History


EPLPX - Holdings

Concentration Analysis

EPLPX Category Low Category High EPLPX % Rank
Net Assets 982 M 93 163 B 46.54%
Number of Holdings 98 2 1689 37.91%
Net Assets in Top 10 205 M 420 K 33.9 B 51.89%
Weighting of Top 10 21.21% 5.6% 99.9% 83.33%

Top 10 Holdings

  1. JPMorgan Chase Co. 2.54%
  2. Eli Lilly Co. 2.39%
  3. Broadcom, Inc. 2.36%
  4. MetLife, Inc. 2.15%
  5. Bank of America Corp. 2.13%
  6. Merck Co., Inc. 2.05%
  7. AbbVie, Inc. 2.04%
  8. UnitedHealth Group, Inc. 1.88%
  9. Cummins, Inc. 1.84%
  10. Johnson Johnson 1.82%

Asset Allocation

Weighting Return Low Return High EPLPX % Rank
Stocks
96.77% 1.86% 108.42% 78.99%
Cash
1.28% -0.79% 38.18% 51.54%
Preferred Stocks
0.00% 0.00% 13.88% 54.55%
Other
0.00% -3.53% 39.72% 59.09%
Convertible Bonds
0.00% 0.00% 3.66% 52.11%
Bonds
0.00% -0.71% 73.23% 53.17%

Stock Sector Breakdown

Weighting Return Low Return High EPLPX % Rank
Financial Services
16.53% 0.00% 58.05% 77.20%
Healthcare
15.20% 0.00% 30.08% 72.63%
Industrials
13.17% 0.00% 42.76% 26.77%
Technology
10.63% 0.00% 54.02% 48.45%
Utilities
9.61% 0.00% 27.04% 7.25%
Consumer Defense
9.41% 0.00% 34.10% 36.79%
Energy
6.24% 0.00% 54.00% 72.88%
Consumer Cyclical
5.61% 0.00% 22.74% 53.37%
Basic Materials
5.18% 0.00% 21.69% 16.75%
Real Estate
4.34% 0.00% 90.54% 28.67%
Communication Services
4.08% 0.00% 26.58% 75.13%

Stock Geographic Breakdown

Weighting Return Low Return High EPLPX % Rank
US
96.77% 1.86% 108.42% 62.52%
Non US
0.00% 0.00% 27.89% 67.92%

EPLPX - Expenses

Operational Fees

EPLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.01% 17.54% 38.44%
Management Fee 0.69% 0.00% 1.50% 72.21%
12b-1 Fee 0.25% 0.00% 1.00% 40.07%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

EPLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 1.00% 5.75% 58.28%
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

EPLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

EPLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 488.00% 12.91%

EPLPX - Distributions

Dividend Yield Analysis

EPLPX Category Low Category High EPLPX % Rank
Dividend Yield 2.71% 0.00% 36.55% 24.55%

Dividend Distribution Analysis

EPLPX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Semi-Annually

Net Income Ratio Analysis

EPLPX Category Low Category High EPLPX % Rank
Net Income Ratio 1.76% -1.51% 4.28% 26.08%

Capital Gain Distribution Analysis

EPLPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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EPLPX - Fund Manager Analysis

Managers

Michael Welhoelter


Start Date

Tenure

Tenure Rank

May 01, 2009

13.09

13.1%

Mike is Co-Chief Investment Officer of Epoch Investment Partners. He is also Chief Risk Officer. Mike is responsible for integrating risk management into the investment process. Prior to joining Epoch in 2005, he was a director and portfolio manager in the Quantitative Strategies Group at Columbia Management Group, Inc. Before that, Mike was at Credit Suisse Asset Management Group (“CSAM”), where he was a portfolio manager in the Structured Equity group. Before joining CSAM, he was a portfolio manager and quantitative research analyst at Chancellor/LGT Asset Management.

William Priest


Start Date

Tenure

Tenure Rank

May 01, 2009

13.09

13.1%

Mr. William Priest is a Co-Founder and serves as Chief Executive Officer, Portfolio Manager & Co-Chief Investment Officer at Epoch Investment Partners. Prior to cofounding Epoch in 2004 with David Pearl, Tim Taussig and Phil Clark, Bill was a Co-Managing Partner and portfolio manager at Steinberg Priest & Sloane Capital Management, LLC for three years. Before joining Steinberg

Kera Van Valen


Start Date

Tenure

Tenure Rank

Feb 28, 2013

9.26

9.3%

Kera is a portfolio manager for Epoch's Equity Shareholder Yield strategies. Prior to joining the Shareholder Yield 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 Tobin


Start Date

Tenure

Tenure Rank

Feb 28, 2013

9.26

9.3%

John is a portfolio manager for Epoch’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 Category High Category Average Category Mode
0.05 86.59 8.01 16.42