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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

$22.32

$764 M

1.12%

$0.25

0.91%

Vitals

YTD Return

6.7%

1 yr return

20.1%

3 Yr Avg Return

7.3%

5 Yr Avg Return

7.6%

Net Assets

$764 M

Holdings in Top 10

18.8%

52 WEEK LOW AND HIGH

$22.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.91%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

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

$22.32

$764 M

1.12%

$0.25

0.91%

EPSYX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.59%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    MainStay Epoch Global Equity Yield Fund
  • Fund Family Name
    MainStay Group of Funds
  • Inception Date
    Dec 27, 2005
  • Shares Outstanding
    49411267
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Welhoelter

Fund Description

The Fund generally invests in a diversified portfolio consisting of equity securities of companies located throughout the world, including the United States, 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 companies across all market capitalizations. Equity securities include common stocks and depositary receipts. The Fund may invest up to 20% of its net assets in securities issued by companies in emerging markets, as determined by the Fund's Subadvisor, Epoch Investment Partners, Inc., when it believes those securities represent attractive investment opportunities. Securities held by the Fund may be denominated in both U.S. and non-U.S. currencies. Under normal market conditions, the Fund will invest a significant amount of its net assets (at least 40%, unless the Subadvisor deems market conditions to be unfavorable, in which case the Fund will invest at least 30%) in securities of foreign issuers. 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, Factset or ICE Data Services Inc. The Fund will normally invest in companies in at least three countries outside of the United States. The Subadvisor defines emerging market countries that are included in the MSCI Emerging Markets Index. The Fund seeks a dividend yield greater than the dividend yield of the MSCI World Index.

Investment Process: The 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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EPSYX - Performance

Return Ranking - Trailing

Period EPSYX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -35.6% 29.2% 35.01%
1 Yr 20.1% 17.3% 252.4% 85.00%
3 Yr 7.3%* -3.5% 34.6% 84.79%
5 Yr 7.6%* 0.1% 32.7% 95.44%
10 Yr 6.1%* -6.9% 18.3% 77.55%

* Annualized

Return Ranking - Calendar

Period EPSYX Return Category Return Low Category Return High Rank in Category (%)
2023 9.2% -24.3% 957.1% 92.32%
2022 -7.8% -38.3% 47.1% 80.53%
2021 14.2% -54.2% 0.6% 68.91%
2020 -4.5% -76.0% 54.1% 76.43%
2019 14.8% -26.1% 47.8% 36.04%

Total Return Ranking - Trailing

Period EPSYX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -35.6% 29.2% 36.13%
1 Yr 20.1% 11.4% 252.4% 82.73%
3 Yr 7.3%* -3.5% 34.6% 83.33%
5 Yr 7.6%* 0.1% 32.7% 94.77%
10 Yr 6.1%* -6.9% 18.3% 77.18%

* Annualized

Total Return Ranking - Calendar

Period EPSYX Return Category Return Low Category Return High Rank in Category (%)
2023 12.4% -24.3% 957.1% 92.32%
2022 -5.4% -33.1% 47.1% 80.78%
2021 17.4% -44.4% 1.8% 25.57%
2020 -1.4% -6.5% 54.1% 79.50%
2019 20.9% -14.4% 47.8% 17.54%

NAV & Total Return History


EPSYX - Holdings

Concentration Analysis

EPSYX Category Low Category High EPSYX % Rank
Net Assets 764 M 199 K 133 B 28.84%
Number of Holdings 114 1 9075 28.63%
Net Assets in Top 10 142 M -18 M 37.6 B 44.71%
Weighting of Top 10 18.79% 9.1% 100.0% 85.47%

Top 10 Holdings

  1. Microsoft Corp. 2.46%
  2. Broadcom, Inc. 2.40%
  3. International Business Machines Corp. 2.24%
  4. Coca-Cola Europacific Partners plc 1.88%
  5. Analog Devices, Inc. 1.84%
  6. Cisco Systems, Inc. 1.66%
  7. KLA Corp. 1.63%
  8. Restaurant Brands International, Inc. 1.59%
  9. Deutsche Telekom AG (Registered) 1.56%
  10. Apple, Inc. 1.53%

Asset Allocation

Weighting Return Low Return High EPSYX % Rank
Stocks
97.50% 61.84% 125.47% 41.85%
Cash
1.50% -174.70% 23.12% 52.64%
Preferred Stocks
0.00% -0.01% 5.28% 81.17%
Other
0.00% -13.98% 19.14% 82.60%
Convertible Bonds
0.00% 0.00% 4.46% 79.30%
Bonds
0.00% -1.50% 161.67% 79.96%

Stock Sector Breakdown

Weighting Return Low Return High EPSYX % Rank
Technology
16.97% 0.00% 49.87% 79.63%
Financial Services
13.55% 0.00% 38.42% 46.92%
Healthcare
12.98% 0.00% 35.42% 52.31%
Industrials
10.91% 0.00% 44.06% 67.29%
Consumer Defense
10.28% 0.00% 73.28% 22.47%
Communication Services
7.72% 0.00% 57.66% 59.25%
Utilities
7.46% 0.00% 29.12% 4.07%
Consumer Cyclical
7.35% 0.00% 40.94% 86.01%
Energy
5.31% 0.00% 21.15% 12.00%
Basic Materials
4.57% 0.00% 38.60% 28.63%
Real Estate
2.89% 0.00% 39.48% 22.47%

Stock Geographic Breakdown

Weighting Return Low Return High EPSYX % Rank
US
72.91% 0.13% 103.82% 47.03%
Non US
24.60% 0.58% 99.46% 50.66%

EPSYX - Expenses

Operational Fees

EPSYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.01% 44.27% 74.57%
Management Fee 0.70% 0.00% 1.82% 48.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

EPSYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

EPSYX 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.

EPSYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 395.00% 52.18%

EPSYX - Distributions

Dividend Yield Analysis

EPSYX Category Low Category High EPSYX % Rank
Dividend Yield 1.12% 0.00% 3.26% 79.21%

Dividend Distribution Analysis

EPSYX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annually Annually

Net Income Ratio Analysis

EPSYX Category Low Category High EPSYX % Rank
Net Income Ratio 2.59% -4.27% 12.65% 3.86%

Capital Gain Distribution Analysis

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

Distributions History

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EPSYX - 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, 2014

8.26

8.3%

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, 2014

8.26

8.3%

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
0.01 35.82 6.24 1.25