MSIIX: MainStay MacKay International Equity I

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MSIIX MainStay MacKay International Equity I


Profile

MSIIX - Profile

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 9.2%
  • 5 Yr Annualized Return 6.2%
  • Net Assets $331 M
  • Holdings in Top 10 33.9%

52 WEEK LOW AND HIGH

$18.11
$15.75
$18.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.10%

SALES FEES

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

BROKERAGE FEES

  • Turnover 58.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 9.4%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    MainStay MacKay International Equity Fund
  • Fund Family Name
    MainStay
  • Inception Date
    Jan 02, 2004
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Carlos Garcia-Tunon

Fund Description

The fund normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities of issuers, wherever organized, which operate mainly outside the U.S. It invests in securities of companies which conduct business in a variety of countries, with a minimum of five countries other than the U.S. This includes countries with established economies as well as emerging market countries that the Subadvisor believes present favorable opportunities. The fund may also invest in exchange-traded funds ("ETFs").


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Categories

Performance

MSIIX - Performance

Return Ranking - Trailing

Period MSIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -44.2% 7.1% 70.96%
1 Yr 13.7% -42.5% 37.0% 72.31%
3 Yr 9.2%* -14.3% 35.9% 28.18%
5 Yr 6.2%* -9.3% 20.3% 18.27%
10 Yr 4.4%* 0.5% 11.2% 63.14%

* Annualized

Return Ranking - Calendar

Period MSIIX Return Category Return Low Category Return High Rank in Category (%)
2019 20.8% -4.0% 45.1% 83.30%
2018 -12.6% -32.2% 68.4% 14.25%
2017 31.3% 0.0% 50.9% 33.25%
2016 -5.6% -12.2% 5.7% 70.25%
2015 5.1% -16.3% 8.1% 8.44%

Total Return Ranking - Trailing

Period MSIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -44.2% 7.1% 70.96%
1 Yr 13.7% -42.5% 37.0% 72.31%
3 Yr 9.4%* -13.4% 35.9% 38.15%
5 Yr 6.5%* -8.5% 20.3% 24.46%
10 Yr 5.5%* 1.3% 11.3% 67.37%

* Annualized

Total Return Ranking - Calendar

Period MSIIX Return Category Return Low Category Return High Rank in Category (%)
2019 20.8% -4.0% 45.1% 83.30%
2018 -12.6% -32.2% 68.4% 21.84%
2017 32.3% 0.0% 53.4% 30.48%
2016 -5.1% -12.2% 8.0% 72.73%
2015 5.4% -15.1% 11.4% 10.31%

NAV & Total Return History


Holdings

MSIIX - Holdings

Concentration Analysis

MSIIX Category Low Category High MSIIX % Rank
Net Assets 331 M 10 165 B 64.44%
Number of Holdings 52 6 1229 77.08%
Net Assets in Top 10 114 M 123 K 33.9 B 57.00%
Weighting of Top 10 33.92% 7.0% 99.6% 27.18%

Top 10 Holdings

  1. Icon PLC 4.39%
  2. Tencent Holdings Ltd 4.19%
  3. Royal Philips NV 3.66%
  4. Accenture PLC Class A 3.32%
  5. Novo Nordisk A/S B 3.31%
  6. Diageo PLC 3.05%
  7. Prudential PLC 3.03%
  8. Koninklijke DSM NV 3.01%
  9. Scout24 AG 2.99%
  10. Compass Group PLC 2.98%

Asset Allocation

Weighting Return Low Return High MSIIX % Rank
Stocks
96.39% 7.92% 100.61% 71.72%
Cash
3.61% -0.79% 92.08% 28.60%
Preferred Stocks
0.00% 0.00% 0.57% 98.99%
Other
0.00% -0.21% 4.39% 97.57%
Convertible Bonds
0.00% 0.00% 2.59% 98.99%
Bonds
0.00% 0.00% 0.22% 99.60%

Stock Sector Breakdown

Weighting Return Low Return High MSIIX % Rank
Healthcare
21.65% 0.00% 36.90% 6.09%
Technology
16.03% 0.17% 37.70% 50.91%
Financial Services
13.00% 0.00% 34.92% 61.05%
Industrials
12.17% 0.00% 31.24% 76.67%
Basic Materials
11.57% 0.00% 15.07% 2.23%
Consumer Cyclical
10.14% 0.00% 50.63% 64.71%
Communication Services
9.36% 0.00% 31.08% 20.89%
Consumer Defense
5.51% 1.43% 47.36% 89.45%
Real Estate
0.57% 0.00% 16.07% 43.41%
Utilities
0.00% 0.00% 14.51% 99.59%
Energy
0.00% 0.00% 8.49% 99.59%

Stock Geographic Breakdown

Weighting Return Low Return High MSIIX % Rank
Non US
78.17% 7.92% 99.31% 96.55%
US
18.22% 0.00% 24.10% 3.65%

Expenses

MSIIX - Expenses

Operational Fees

MSIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.01% 55.61% 58.19%
Management Fee 0.89% 0.00% 1.50% 86.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

MSIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.21% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MSIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.10% 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.

MSIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 0.00% 151.99% 74.59%

Distributions

MSIIX - Distributions

Dividend Yield Analysis

MSIIX Category Low Category High MSIIX % Rank
Dividend Yield 0.00% 0.00% 6.83% 98.99%

Dividend Distribution Analysis

MSIIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

MSIIX Category Low Category High MSIIX % Rank
Net Income Ratio 0.55% -46.00% 3.01% 66.95%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MSIIX - Fund Manager Analysis

Managers

Carlos Garcia-Tunon


Start Date

Tenure

Tenure Rank

Feb 28, 2013

6.93

6.9%

Carlos Garcia-Tunon is a Vice President, Lead Portfolio Manager for the Fundamental Equity investment team. Carlos is ultimately responsible for all portfolio management decisions and research initiatives for fundamentally managed products. In addition to his portfolio management responsibilities, Carlos also provides regular research coverage for the team. As the Lead Portfolio Manager, he is a key decision maker on the team and has ultimate approval to add new securities to the portfolios. Carlos joined Cornerstone in 2011 as a Portfolio Manager. Previously, Carlos spent seven years at Morgan Stanley, initially serving as a Health Care sector analyst before serving as a Research Analyst and Portfolio Manager for the Global Growth Team. In addition, he spent four years working at JPMorgan as an analyst and Portfolio Manager. Carlos received his BS in Finance from Georgetown University and his MBA from the Wharton School at the University of Pennsylvania, where he was a Robert Toigo Foundation fellow. Carlos is also a CFA charterholder and a member of the New York Society for Security Analysts. He has been working in the investment industry since 1999.

Ian Murdoch


Start Date

Tenure

Tenure Rank

Aug 01, 2017

2.5

2.5%

Ian Murdoch is a Vice President, Portfolio Manager & Senior Analyst on the Fundamental Equity investment team. Ian joined Cornerstone, including predecessor entities, in 2011. Prior to joining Cornerstone, Ian was a Research Analyst at MacKay Shields in the International Equity Division. Before joining MacKay Shields in 2009, he was an Equity Analyst at Oppenheimer Capital and at Clay Finlay LLC. In his previous roles, Ian followed a number of sectors including Energy, Materials, Consumer Staples, Consumer Discretionary, and Utilities. Ian graduated with a Bachelor of Arts from Columbia University and is a CFA charterholder. He has been working in the investment industry since 2000.

Lawrence Rosenberg


Start Date

Tenure

Tenure Rank

Aug 01, 2017

2.5

2.5%

Lawrence Rosenberg, CFA is a Portfolio Manager & Senior Analyst on the Fundamental Equity investment team. Lawrence joined MacKay Shields, including predecessor entities, in 2009 as a Research Analyst. Prior to joining MacKay Shields, he was a buy-side Analyst at Nomura Asset Management, responsible for covering all North American financial institutions. Earlier in his career, Lawrence worked for Goldman Sachs as a sell-side equity Analyst covering various financial institutions out of New York, Sydney and London. Lawrence received his BS in Electrical Engineering from The Johns Hopkins University and a BA in Music from The Peabody Conservatory of Music. He is also a CFA charterholder. He has been in the finance industry researching global equities since 1998.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 25.35 7.23 17.59