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Trending ETFs

Name

As of 02/23/2024

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

$39.80

$207 M

1.61%

$0.64

1.08%

Vitals

YTD Return

0.0%

1 yr return

10.4%

3 Yr Avg Return

2.3%

5 Yr Avg Return

5.1%

Net Assets

$207 M

Holdings in Top 10

41.5%

52 WEEK LOW AND HIGH

$39.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.08%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 43.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 02/23/2024

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

$39.80

$207 M

1.61%

$0.64

1.08%

ICETX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.88%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MainStay Epoch International Choice Fund
  • Fund Family Name
    MainStay Group of Funds
  • Inception Date
    Sep 01, 2006
  • Shares Outstanding
    1023
  • Share Class
    R1
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Welhoelter

Fund Description

The Fund seeks to achieve its investment objective by investing in a portfolio consisting mostly of foreign equity securities, which may include companies in emerging markets. Under normal circumstances, the Fund will invest at least 80% of its assets (net assets plus any borrowings for investment purposes) in foreign equity 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, Factset or ICE Data Services Inc. The Subadvisor defines emerging market countries as those countries that are included in the MSCI Emerging Markets Index. Equity securities include common stock, depository receipts, and securities convertible into common stock, such as warrants, rights, convertible bonds, debentures and convertible preferred stocks. The Fund will normally invest in companies in at least three countries outside of the United States. Although the Fund is not subject to any additional geographic requirement, the Fund expects that the majority of its investments will be in the developed markets of Canada, Western Europe, Asia and Australasia. The Fund may invest more than 25% of its net assets in securities of companies in each of the United Kingdom and Japan. In order to gain additional exposure to international markets, the Fund may also invest in exchange traded funds ("ETFs"), whose underlying securities are issued by international companies.

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 cash flow and to intelligently allocate it among internal reinvestment opportunities, acquisitions, dividends, share repurchases and/or debt reduction.

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 when the security is deemed less attractive relative to another security on a return/risk basis. The Subadvisor may sell or reduce a position in a security if it sees the investment thesis failing to materialize.

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ICETX - Performance

Return Ranking - Trailing

Period ICETX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -1.7% 30.5% 91.01%
1 Yr 10.4% -2.3% 21.7% 76.86%
3 Yr 2.3%* -13.7% 48.4% 56.86%
5 Yr 5.1%* -34.1% 75.9% 78.85%
10 Yr 2.9%* -0.7% 16.2% 86.29%

* Annualized

Return Ranking - Calendar

Period ICETX Return Category Return Low Category Return High Rank in Category (%)
2023 17.6% -7.3% 22.0% 7.00%
2022 -17.0% -43.6% 71.3% 34.67%
2021 3.8% -28.5% 18.9% 58.40%
2020 7.1% -90.1% 992.1% 56.83%
2019 20.2% -2.2% 38.8% 41.85%

Total Return Ranking - Trailing

Period ICETX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -1.7% 30.5% 91.01%
1 Yr 10.4% -2.3% 21.7% 76.86%
3 Yr 2.3%* -13.7% 48.4% 56.86%
5 Yr 5.1%* -34.1% 75.9% 78.85%
10 Yr 2.9%* -0.7% 16.2% 86.29%

* Annualized

Total Return Ranking - Calendar

Period ICETX Return Category Return Low Category Return High Rank in Category (%)
2023 19.6% 3.2% 41.4% 11.08%
2022 -16.1% -43.6% 144.8% 57.33%
2021 6.4% -22.6% 56.0% 85.17%
2020 7.8% -89.7% 1010.8% 71.58%
2019 23.5% 4.3% 38.8% 36.41%

NAV & Total Return History


ICETX - Holdings

Concentration Analysis

ICETX Category Low Category High ICETX % Rank
Net Assets 207 M 1.97 M 366 B 73.60%
Number of Holdings 35 1 10801 91.21%
Net Assets in Top 10 81.4 M 0 36.8 B 64.41%
Weighting of Top 10 41.51% 2.5% 111.6% 13.23%

Top 10 Holdings

  1. Keyence Corp. 4.70%
  2. Sony Group Corp. 4.52%
  3. Coca-Cola Europacific Partners plc 4.43%
  4. AstraZeneca plc 4.42%
  5. Compass Group plc 4.22%
  6. Linde plc 4.21%
  7. Asahi Group Holdings Ltd. 3.96%
  8. Roche Holding AG 3.90%
  9. TotalEnergies SE 3.69%
  10. Deutsche Telekom AG (Registered) 3.46%

Asset Allocation

Weighting Return Low Return High ICETX % Rank
Stocks
97.07% 0.00% 122.60% 57.35%
Cash
2.93% -22.43% 100.00% 29.83%
Preferred Stocks
0.00% 0.00% 7.60% 74.35%
Other
0.00% -2.97% 43.19% 62.68%
Convertible Bonds
0.00% 0.00% 4.18% 53.18%
Bonds
0.00% -0.68% 84.21% 56.77%

Stock Sector Breakdown

Weighting Return Low Return High ICETX % Rank
Consumer Cyclical
16.37% 0.00% 36.36% 6.49%
Financial Services
16.35% 0.00% 47.75% 67.40%
Technology
15.62% 0.00% 36.32% 12.98%
Healthcare
11.71% 0.00% 21.01% 48.97%
Consumer Defense
11.09% 0.00% 32.29% 20.94%
Communication Services
10.11% 0.00% 21.69% 9.00%
Industrials
9.38% 5.17% 99.49% 93.36%
Energy
5.23% 0.00% 16.89% 41.89%
Basic Materials
4.13% 0.00% 23.86% 86.73%
Utilities
0.00% 0.00% 13.68% 93.66%
Real Estate
0.00% 0.00% 14.59% 87.02%

Stock Geographic Breakdown

Weighting Return Low Return High ICETX % Rank
Non US
80.26% 0.00% 121.07% 80.26%
US
16.81% 0.00% 103.55% 13.69%

ICETX - Expenses

Operational Fees

ICETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.01% 18.22% 46.03%
Management Fee 0.80% 0.00% 1.24% 81.39%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

ICETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ICETX 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.

ICETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 2.00% 247.00% 61.49%

ICETX - Distributions

Dividend Yield Analysis

ICETX Category Low Category High ICETX % Rank
Dividend Yield 1.61% 0.00% 6.68% 55.09%

Dividend Distribution Analysis

ICETX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Semi-Annually Annual

Net Income Ratio Analysis

ICETX Category Low Category High ICETX % Rank
Net Income Ratio 0.88% -0.93% 6.38% 78.91%

Capital Gain Distribution Analysis

ICETX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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ICETX - Fund Manager Analysis

Managers

Michael Welhoelter


Start Date

Tenure

Tenure Rank

Jan 09, 2017

5.39

5.4%

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 Booth


Start Date

Tenure

Tenure Rank

Jan 09, 2017

5.39

5.4%

Bill is Co-Chief Investment Officer of Epoch Investment Partners. He is also a portfolio manager for global and non-U.S. equity strategies. Bill joined Epoch in 2009 from PioneerPath Capital, a long/short equity hedge fund where he was a consumer and retail analyst. Prior to PioneerPath, he was a senior analyst at Level Global focused on the consumer and industrial sectors.

Glen Petraglia


Start Date

Tenure

Tenure Rank

May 31, 2018

4.0

4.0%

Glen is a portfolio manager and senior equity research analyst. Prior to joining Epoch in 2014, Glen was a generalist portfolio manager and an analyst at Standard Life Investments in Boston, where he focused on consumer staples, restaurants and regional banks. Before Standard Life, he held positions at Citigroup and Nabisco. Glen received his BS from Providence College and an MBA from New York University's Leonard N. Stern School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.22 3.25