MainStay PineStone International Equity Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.2%
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$411 M
Holdings in Top 10
47.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.90%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 134.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FCIHX - Profile
Distributions
- YTD Total Return 4.2%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.69%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMainStay PineStone International Equity Fund
-
Fund Family NameMainStay Group of Funds
-
Inception DateSep 07, 2023
-
Shares OutstandingN/A
-
Share ClassP
-
CurrencyUSD
-
Domiciled CountryUS
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 international equities. 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. The Fund will normally invest in equity securities of foreign companies operating in at least three countries other than the United States, including emerging market countries. 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.
In addition, the Fund considers countries represented in the MSCI Emerging Markets Index to be emerging market countries. From time to time, the Fund may focus its investments in certain countries or geographic areas, including Europe. Equity securities include common stock, preferred stock, convertible securities and depositary receipts.
The Fund may from time to time emphasize one or more sectors in selecting its investments, including the consumer staples and industrials sectors. 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. The Fund may also invest in securities issued by other investment companies.
Investment Process:
In pursuing the Fund’s investment objective, the Subadvisor employs a bottom-up stock selection approach which results in a 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;
·Attractive industry with pricing power, organic growth and limited cyclicality;
·Strong management teams with sound corporate governance;
·History of stable profit margins;
·Solid balance sheet with low leverage; and
·Attractive valuation with a stock price below intrinsic value.
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.
FCIHX - Performance
Return Ranking - Trailing
Period | FCIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -9.6% | 4.0% | 0.96% |
1 Yr | N/A | -15.2% | 5.5% | N/A |
3 Yr | N/A* | -14.0% | 6.1% | N/A |
5 Yr | N/A* | -6.4% | 5.0% | N/A |
10 Yr | N/A* | -2.2% | 2.8% | N/A |
* Annualized
Return Ranking - Calendar
Period | FCIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -8.7% | 5.1% | N/A |
2022 | N/A | -52.3% | -4.0% | N/A |
2021 | N/A | -7.9% | 7.7% | N/A |
2020 | N/A | -29.4% | 23.0% | N/A |
2019 | N/A | 0.8% | 16.7% | N/A |
Total Return Ranking - Trailing
Period | FCIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -9.6% | 4.0% | 0.96% |
1 Yr | N/A | -15.2% | 5.5% | N/A |
3 Yr | N/A* | -14.0% | 6.1% | N/A |
5 Yr | N/A* | -6.4% | 5.0% | N/A |
10 Yr | N/A* | -2.2% | 2.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FCIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -5.2% | 9.5% | N/A |
2022 | N/A | -40.1% | 9.2% | N/A |
2021 | N/A | -2.7% | 37.6% | N/A |
2020 | N/A | -0.5% | 27.5% | N/A |
2019 | N/A | 2.8% | 19.3% | N/A |
NAV & Total Return History
FCIHX - Holdings
Concentration Analysis
FCIHX | Category Low | Category High | FCIHX % Rank | |
---|---|---|---|---|
Net Assets | 411 M | 968 K | 51.8 B | 64.90% |
Number of Holdings | 33 | 2 | 1550 | 82.21% |
Net Assets in Top 10 | 209 M | 949 K | 25 B | 69.71% |
Weighting of Top 10 | 47.93% | 9.2% | 103.8% | 52.66% |
Top 10 Holdings
- Novo Nordisk A/S, Class B 7.12%
- Taiwan Semiconductor Manufacturing Co. Ltd. 6.38%
- Nestle SA (Registered) 5.40%
- LVMH Moet Hennessy Louis Vuitton SE 4.68%
- London Stock Exchange Group plc 4.67%
- InterContinental Hotels Group plc 4.32%
- ASML Holding NV 4.12%
- EssilorLuxottica SA 3.77%
- Air Liquide SA 3.76%
- SP Global, Inc. 3.71%
Asset Allocation
Weighting | Return Low | Return High | FCIHX % Rank | |
---|---|---|---|---|
Stocks | 99.18% | 0.00% | 100.07% | 1.92% |
Cash | 0.82% | -42.00% | 30.48% | 52.88% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 47.60% |
Other | 0.00% | -51.42% | 61.84% | 78.37% |
Convertible Bonds | 0.00% | 0.00% | 3.96% | 64.90% |
Bonds | 0.00% | 0.00% | 200.47% | 99.04% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FCIHX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 1.13% | N/A |
Technology | 0.00% | 0.00% | 48.29% | N/A |
Real Estate | 0.00% | 0.00% | 99.95% | N/A |
Industrials | 0.00% | 0.00% | 3.93% | N/A |
Healthcare | 0.00% | 0.00% | 6.17% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 10.65% | N/A |
Communication Services | 0.00% | 0.00% | 17.02% | N/A |
Consumer Defense | 0.00% | 0.00% | 31.30% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 16.99% | N/A |
Basic Materials | 0.00% | 0.00% | 22.13% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FCIHX % Rank | |
---|---|---|---|---|
Non US | 82.30% | 0.00% | 82.30% | 0.48% |
US | 16.89% | 0.00% | 100.07% | 2.40% |
FCIHX - Expenses
Operational Fees
FCIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.90% | 0.03% | 2.35% | 28.64% |
Management Fee | 0.80% | 0.00% | 0.99% | 99.52% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 91.49% |
Administrative Fee | 0.13% | 0.01% | 0.40% | 67.11% |
Sales Fees
FCIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 52.63% |
Trading Fees
FCIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
FCIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 134.00% | 0.00% | 246.00% | 90.45% |
FCIHX - Distributions
Dividend Yield Analysis
FCIHX | Category Low | Category High | FCIHX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.44% | 0.00% | 14.35% | 94.23% |
Dividend Distribution Analysis
FCIHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
FCIHX | Category Low | Category High | FCIHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.69% | -0.06% | 6.71% | 98.54% |
Capital Gain Distribution Analysis
FCIHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 05, 2023 | $0.070 | OrdinaryDividend |
Nov 15, 2018 | $0.125 | OrdinaryDividend |
Jun 29, 2018 | $0.008 | OrdinaryDividend |
Dec 28, 2017 | $0.111 | OrdinaryDividend |
Oct 31, 2017 | $0.029 | OrdinaryDividend |
Aug 31, 2017 | $0.017 | OrdinaryDividend |
Jul 31, 2017 | $0.038 | OrdinaryDividend |
Dec 30, 2016 | $0.005 | OrdinaryDividend |
Aug 31, 2016 | $0.010 | OrdinaryDividend |
Jul 29, 2016 | $0.009 | OrdinaryDividend |
Dec 31, 2015 | $0.013 | OrdinaryDividend |
Dec 31, 2014 | $0.012 | OrdinaryDividend |
Jul 31, 2014 | $0.012 | OrdinaryDividend |
Nov 30, 2012 | $0.016 | OrdinaryDividend |
Jun 29, 2012 | $0.012 | OrdinaryDividend |
May 31, 2012 | $0.012 | OrdinaryDividend |
Nov 30, 2011 | $0.001 | OrdinaryDividend |
Jul 29, 2011 | $0.025 | OrdinaryDividend |
Jun 30, 2011 | $0.041 | OrdinaryDividend |
May 31, 2011 | $0.093 | OrdinaryDividend |