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Trending ETFs

Name

As of 03/26/2024

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

$19.76

$22.6 M

0.38%

$0.07

1.77%

Vitals

YTD Return

6.9%

1 yr return

21.2%

3 Yr Avg Return

8.1%

5 Yr Avg Return

12.3%

Net Assets

$22.6 M

Holdings in Top 10

49.7%

52 WEEK LOW AND HIGH

$19.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.77%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$19.76

$22.6 M

0.38%

$0.07

1.77%

FCGEX - Profile

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 8.1%
  • 5 Yr Annualized Total Return 12.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MainStay PineStone Global Equity Fund
  • Fund Family Name
    Fiera Capital
  • Inception Date
    Apr 28, 2017
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Chan

Fund Description

PineStone Asset Management Inc., the Fund’s subadvisor (the “Subadvisor”), seeks to achieve the Fund’s investment objective by investing in a portfolio of global equities, which may include companies in emerging markets. The Fund may invest in issuers with market capitalizations of any size, though it generally expects to focus on issuers with market capitalization in excess of $1 billion.

Under normal circumstances, the Fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities. Equity securities include common stock, preferred stock, convertible securities and depositary receipts. Under normal circumstances, the Fund generally invests at least 40% of its net assets in foreign companies. 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. This 40% minimum investment amount may be reduced to 30% if market conditions for these investments or specific foreign markets are deemed unfavorable. The Subadvisor defines emerging market countries as those countries that are included in the MSCI Emerging Markets Index.

From time to time, the Fund may focus its foreign investments in Europe.

The Fund may from time to time emphasize one or more sectors in selecting its investments, including the consumer staples sector.

In addition, the Fund may enter into forward currency contracts to hedge the currency exposure associated with some or all of the Fund’s securities, to shift investment exposure from one currency to another, to shift U.S. dollar exposure to achieve a representative weighted mix of major currencies in its benchmark, or to adjust an underweight country exposure in its portfolio.

Investment Process: In pursuing the Fund’s investment objective, the Subadvisor employs a bottom-up stock selection approach which results in a relatively focused portfolio generally ranging from 25 to 45 companies. A bottom-up stock selection approach focuses on the analysis of individual stocks (microeconomic factors) as opposed to the significance of economic cycles and market cycles (macroeconomic factors).

The Subadvisor looks for companies that have growth potential that are believed to be trading at attractive valuations. In doing so, the Subadvisor focuses on companies believed by the portfolio management team to have the following characteristics, among others:

·Competitive advantage in an industry with high barriers to entry;

·Strong management teams with sound corporate governance;

·A history of stable profit margins; and

·Solid balance sheet with low leverage.

In evaluating whether to sell a security, the Subadvisor considers, among other factors, whether in its view the company no longer continues to meet the standards described above and/or the Subadvisor believes there are more attractive opportunities available for investment by the Fund.

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FCGEX - Performance

Return Ranking - Trailing

Period FCGEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -35.6% 29.2% 50.45%
1 Yr 21.2% 17.3% 252.4% 73.07%
3 Yr 8.1%* -3.5% 34.6% 22.02%
5 Yr 12.3%* 0.1% 32.7% N/A
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Return Ranking - Calendar

Period FCGEX Return Category Return Low Category Return High Rank in Category (%)
2023 18.3% -24.3% 957.1% 29.20%
2022 -23.0% -38.3% 47.1% 14.41%
2021 21.5% -54.2% 0.6% 3.23%
2020 18.2% -76.0% 54.1% N/A
2019 28.8% -26.1% 47.8% N/A

Total Return Ranking - Trailing

Period FCGEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -35.6% 29.2% 51.23%
1 Yr 21.2% 11.4% 252.4% 69.09%
3 Yr 8.1%* -3.5% 34.6% 20.56%
5 Yr 12.3%* 0.1% 32.7% N/A
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period FCGEX Return Category Return Low Category Return High Rank in Category (%)
2023 18.8% -24.3% 957.1% 29.20%
2022 -18.6% -33.1% 47.1% 14.54%
2021 25.4% -44.4% 1.8% 9.15%
2020 18.8% -6.5% 54.1% N/A
2019 33.6% -14.4% 47.8% N/A

NAV & Total Return History


FCGEX - Holdings

Concentration Analysis

FCGEX Category Low Category High FCGEX % Rank
Net Assets 22.6 M 199 K 133 B 85.96%
Number of Holdings 33 1 9075 86.45%
Net Assets in Top 10 13.9 M -18 M 37.6 B 81.83%
Weighting of Top 10 49.68% 9.1% 100.0% 20.59%

Top 10 Holdings

  1. Microsoft Corp. 7.78%
  2. Moody's Corp. 6.15%
  3. Alphabet, Inc., Class A 5.95%
  4. AutoZone, Inc. 5.18%
  5. Taiwan Semiconductor Manufacturing Co. Ltd. 5.16%
  6. Mastercard, Inc., Class A 5.02%
  7. LVMH Moet Hennessy Louis Vuitton SE 4.03%
  8. UnitedHealth Group, Inc. 3.72%
  9. TJX Cos., Inc. (The) 3.45%
  10. Nestle SA (Registered) 3.24%

Asset Allocation

Weighting Return Low Return High FCGEX % Rank
Stocks
98.80% 61.84% 125.47% 22.47%
Cash
1.20% -174.70% 23.12% 92.29%
Preferred Stocks
0.00% -0.01% 5.28% 58.48%
Other
0.00% -13.98% 19.14% 7.71%
Convertible Bonds
0.00% 0.00% 4.46% 53.19%
Bonds
0.00% -1.50% 161.67% 55.18%

Stock Sector Breakdown

Weighting Return Low Return High FCGEX % Rank
Financial Services
18.43% 0.00% 38.42% 12.78%
Technology
16.90% 0.00% 49.87% 66.41%
Healthcare
15.53% 0.00% 35.42% 50.66%
Consumer Cyclical
14.11% 0.00% 40.94% 34.69%
Industrials
13.15% 0.00% 44.06% 11.89%
Consumer Defense
11.45% 0.00% 73.28% 19.60%
Communication Services
7.30% 0.00% 57.66% 88.22%
Basic Materials
3.12% 0.00% 38.60% 60.68%
Utilities
0.00% 0.00% 29.12% 84.80%
Real Estate
0.00% 0.00% 39.48% 86.89%
Energy
0.00% 0.00% 21.15% 82.38%

Stock Geographic Breakdown

Weighting Return Low Return High FCGEX % Rank
US
73.82% 0.13% 103.82% 24.45%
Non US
24.98% 0.58% 99.46% 64.32%

FCGEX - Expenses

Operational Fees

FCGEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.77% 0.01% 44.27% 11.86%
Management Fee 0.80% 0.00% 1.82% 73.52%
12b-1 Fee 0.25% 0.00% 1.00% 35.25%
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

FCGEX 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

FCGEX 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.

FCGEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 395.00% 40.82%

FCGEX - Distributions

Dividend Yield Analysis

FCGEX Category Low Category High FCGEX % Rank
Dividend Yield 0.38% 0.00% 3.26% 52.74%

Dividend Distribution Analysis

FCGEX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

FCGEX Category Low Category High FCGEX % Rank
Net Income Ratio 0.01% -4.27% 12.65% 62.95%

Capital Gain Distribution Analysis

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

Distributions History

View More +

FCGEX - Fund Manager Analysis

Managers

Andrew Chan


Start Date

Tenure

Tenure Rank

Apr 28, 2017

5.09

5.1%

Andrew Chan, MSc, Vice President and Portfolio Manager, joined Fiera Capital in 2009. Andrew Chan is a member of the Global Equity team and is assistant portfolio manager for the U.S., International and Global Equity strategies. Prior experiences include Senior analyst positions for U.S. and global equities at leading investment management firms.

Nadim Rizk


Start Date

Tenure

Tenure Rank

Apr 28, 2017

5.09

5.1%

Nadim Rizk, CFA, Senior Vice President and Lead Portfolio Manager. Joined Fiera Capital in 2009. Bachelor of Business Administration, American University of Beirut and Master of Business Administration, McGill University. Prior experiences include Head of Global Equities, Lead manager for U.S. and Global equity portfolios, as well as Senior Global Research Analyst positions at some of Canada’s leading investment management firms.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25