MLAIX: MainStay Large Cap Growth I

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MLAIX MainStay Large Cap Growth I


Profile

MLAIX - Profile

Vitals

  • YTD Return 16.7%
  • 3 Yr Annualized Return 21.3%
  • 5 Yr Annualized Return 12.8%
  • Net Assets $12 B
  • Holdings in Top 10 43.6%

52 WEEK LOW AND HIGH

$9.83
$7.79
$10.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA $5,000,000

Fund Classification


Distributions

  • YTD Total Return 16.7%
  • 3 Yr Annualized Total Return 21.3%
  • 5 Yr Annualized Total Return 12.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.04%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    MainStay Large Cap Growth Fund
  • Fund Family Name
    MainStay
  • Inception Date
    Apr 01, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Justin H. Kelly

Fund Description

The MainStay Large Cap Growth Fund Class I (MLAIX) is a low-cost, actively managed fund that seeks undervalued stocks with a high propensity for growth in the years ahead. The fund invests in U.S. stocks with market capitalizations in excess of $4 billion at the time of purchase. MLAIX’s managers use various screens and quantitative management techniques to uncover stocks that appear attractive.

Given its focus on large-cap growths tocks, the fund makes for a perfect subcore position in a broader equity portfolio. The fund is managed by Winslow Capital.


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Categories

Performance

MLAIX - Performance

Return Ranking - Trailing

Period MLAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.7% -68.6% 59.4% 92.14%
1 Yr 20.1% -84.0% 58.7% 18.82%
3 Yr 21.3%* -48.8% 23.8% 2.97%
5 Yr 12.8%* -34.7% 16.0% 7.70%
10 Yr 14.3%* -14.0% 17.7% 8.52%

* Annualized

Return Ranking - Calendar

Period MLAIX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.3% -65.5% 13.4% 55.23%
2017 13.7% -46.3% 37.5% 75.04%
2016 -13.1% -43.3% 15.3% 90.66%
2015 -6.0% -38.0% 11.4% 66.90%
2014 0.5% -52.4% 105.4% 53.12%

Total Return Ranking - Trailing

Period MLAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.7% -68.6% 59.4% 92.14%
1 Yr 20.1% -84.0% 58.7% 32.80%
3 Yr 21.3%* -48.8% 30.7% 5.15%
5 Yr 12.8%* -34.7% 16.6% 14.34%
10 Yr 14.3%* -14.0% 17.7% 14.91%

* Annualized

Total Return Ranking - Calendar

Period MLAIX Return Category Return Low Category Return High Rank in Category (%)
2018 4.1% -65.5% 16.5% 3.87%
2017 32.4% -28.2% 51.5% 13.89%
2016 -2.2% -43.3% 17.1% 79.19%
2015 6.0% -38.0% 17.3% 22.53%
2014 10.6% -52.4% 120.7% 39.09%

NAV & Total Return History


Holdings

MLAIX - Holdings

Concentration Analysis

MLAIX Category Low Category High MLAIX % Rank
Net Assets 12 B 1.25 M 199 B 10.48%
Number of Holdings 50 7 2081 68.63%
Net Assets in Top 10 5.03 B 429 K 53.6 B 9.78%
Weighting of Top 10 43.58% 11.9% 100.0% 29.58%

Top 10 Holdings

  1. Microsoft Corp 7.62%
  2. Amazon.com Inc 6.50%
  3. Visa Inc Class A 4.71%
  4. Apple Inc 4.60%
  5. Facebook Inc A 4.39%
  6. Salesforce.com Inc 3.82%
  7. Mastercard Inc A 3.40%
  8. Alphabet Inc Class C 2.85%
  9. Nike Inc B 2.85%
  10. Adobe Inc 2.84%

Asset Allocation

Weighting Return Low Return High MLAIX % Rank
Stocks
99.68% 80.50% 105.55% 15.14%
Other
0.32% -0.92% 3.79% 8.15%
Preferred Stocks
0.00% 0.00% 2.51% 63.59%
Convertible Bonds
0.00% 0.00% 0.02% 59.08%
Cash
0.00% -5.55% 16.25% 96.04%
Bonds
0.00% 0.00% 3.92% 61.72%

Stock Sector Breakdown

Weighting Return Low Return High MLAIX % Rank
Technology
41.08% 7.37% 58.59% 8.00%
Consumer Cyclical
19.43% 0.00% 49.54% 17.93%
Healthcare
12.74% 0.00% 46.23% 62.50%
Financial Services
11.90% 0.00% 32.66% 52.72%
Industrials
8.42% 0.00% 24.88% 56.99%
Real Estate
2.85% 0.00% 10.94% 33.85%
Basic Materials
2.32% 0.00% 11.24% 37.11%
Consumer Defense
0.93% 0.00% 18.34% 89.67%
Utilities
0.00% -0.01% 9.70% 73.84%
Energy
0.00% -0.02% 7.24% 81.99%
Communication Services
0.00% 0.00% 28.18% 91.23%

Stock Geographic Breakdown

Weighting Return Low Return High MLAIX % Rank
US
92.08% 80.50% 100.50% 59.70%
Non US
7.60% 0.00% 17.37% 24.77%

Expenses

MLAIX - Expenses

Operational Fees

MLAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.00% 165.48% 80.27%
Management Fee 0.62% 0.00% 1.40% 44.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

MLAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MLAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 5.00% 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.

MLAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 0.00% 536.00% 67.48%

Distributions

MLAIX - Distributions

Dividend Yield Analysis

MLAIX Category Low Category High MLAIX % Rank
Dividend Yield 0.00% 0.00% 15.22% 72.98%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MLAIX Category Low Category High MLAIX % Rank
Net Income Ratio 0.04% -7.55% 1.83% 48.34%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MLAIX - Fund Manager Analysis

Managers

Justin H. Kelly


Start Date

Tenure

Tenure Rank

Oct 28, 2005

14.1

14.1%

Justin H. Kelly, CFA, is the Chief Investment Officer (since March 2013) and a Portfolio Manager / Analyst of Winslow Capital. He has joined Winslow Capital Management in April 1999 as a Managing Director with responsibility for research and portfolio management. Justin was co-head of the Technology Research Team at Investment Advisers, Inc. in Minneapolis from 1997-1999. For the prior four years, he was an investment banker in New York City for Prudential Securities and then Salomon Brothers. Mr. Kelly graduated summa cum laude from Babson College in 1993 with a BS in Finance/Investments. He is also a CFA® charterholder.

Patrick M. Burton


Start Date

Tenure

Tenure Rank

Mar 31, 2013

6.67

6.7%

Mr. Burton is a Managing Director of Winslow Capital Management LLC (“Winslow Capital”) and has managed the MainStay VP Large Cap Growth Portfolio since March 2013. Mr. Burton joined Winslow Capital in 2010 and has been in the securities industry since 1984. Prior to joining Winslow Capital, Mr. Burton was a Senior Equity Research Analyst at Thrivent Asset Management from 2009 to 2010. Prior to that, Mr. Burton was a Managing Director with Citigroup Investments from 1999 to 2009. Mr. Burton received his B.S. with distinction in Finance from the University of Minnesota. He is also a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 51.95 8.0 0.42