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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

$28.36

$951 M

1.10%

$0.31

1.37%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$951 M

Holdings in Top 10

24.1%

52 WEEK LOW AND HIGH

$28.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.37%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 23.00%

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

$28.36

$951 M

1.10%

$0.31

1.37%

MMAPX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.25%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MainStay WMC Value Fund
  • Fund Family Name
    Mainstay Group of Funds
  • Inception Date
    Apr 28, 2006
  • Shares Outstanding
    42995
  • Share Class
    R3
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Adam Illfelder

Fund Description

The Fund invests in equity securities issued by companies of any size or market capitalization range. While the Fund does not limit its investments to issuers within a particular capitalization range, it generally invests in large capitalization companies (as represented by the market capitalization range of the Russell 1000® Index, which ranged from $270 million to $3 trillion as of December 31, 2023). The Fund may invest in securities of foreign issuers, including securities of emerging market country issuers. 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. Wellington Management Company LLP, the Fund’s Subadvisor (the “Subadvisor”), defines emerging market countries as those countries that are included in the MSCI Emerging Markets Index. The Fund may also invest in American Depositary Receipts.

Investment Process: The Subadvisor, seeks to identify companies that are financially sound but temporarily out-of-favor, and that provide above-average potential total returns at below average valuations. The Subadvisor employs a “bottom-up” approach to investment research and seeks to capitalize on investor behavioral biases by investing in companies with an attractive combination of valuation, quality, and capital return, and by taking a long-term view. Quality can be assessed across metrics including free cash flow margin, return on invested capital and net debt to EBITDA (earning before interest, taxes, depreciation and amortization). The Subadvisor may sell stocks when the Subadvisor’s target price is achieved, the Subadvisor’s fundamental outlook with respect to the stock has changed, or in the event the Subadvisor believes more attractive investment alternatives exist. To better assess strategic business issues that impact the performance of a company, the Subadvisor may also give consideration to financially material environmental, social and/or governance (“ESG”) factors. The Subadvisor has discretion to determine the materiality of, as well as the level at which, financially relevant ESG factors are imbedded into its overall fundamental analysis when making an investment decision.

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MMAPX - Performance

Return Ranking - Trailing

Period MMAPX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -7.8% 13.6% 85.25%
1 Yr N/A -10.1% 31.6% 89.62%
3 Yr N/A* -2.0% 34.2% 85.65%
5 Yr N/A* -0.6% 43.3% 25.28%
10 Yr N/A* 1.1% 24.5% 29.31%

* Annualized

Return Ranking - Calendar

Period MMAPX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -24.9% 46.1% 63.25%
2022 -10.2% -65.1% 4.6% 34.09%
2021 -34.0% -44.2% 57.5% 99.64%
2020 9.1% -23.2% 285.0% 5.94%
2019 20.9% -21.4% 48.5% 36.16%

Total Return Ranking - Trailing

Period MMAPX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -7.8% 13.6% 85.25%
1 Yr N/A -10.1% 31.6% 89.62%
3 Yr N/A* -2.0% 34.2% 85.65%
5 Yr N/A* -0.6% 43.3% 25.28%
10 Yr N/A* 1.1% 24.5% 29.31%

* Annualized

Total Return Ranking - Calendar

Period MMAPX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -15.9% 46.7% 87.44%
2022 -5.2% -42.0% 8.5% 46.17%
2021 25.5% 3.6% 129.7% 56.48%
2020 12.9% -22.6% 304.8% 6.12%
2019 31.0% -12.7% 52.1% 6.59%

NAV & Total Return History


MMAPX - Holdings

Concentration Analysis

MMAPX Category Low Category High MMAPX % Rank
Net Assets 951 M 93 144 B 45.41%
Number of Holdings 67 2 1689 64.44%
Net Assets in Top 10 216 M 405 K 33.3 B 49.92%
Weighting of Top 10 24.12% 5.5% 99.9% 69.29%

Top 10 Holdings

  1. JPMorgan Chase Co. 3.54%
  2. Cisco Systems, Inc. 2.94%
  3. Pfizer, Inc. 2.58%
  4. Merck Co., Inc. 2.57%
  5. ConocoPhillips 2.47%
  6. Elevance Health, Inc. 2.15%
  7. UnitedHealth Group, Inc. 2.11%
  8. Centene Corp. 1.95%
  9. Phillips 66 1.92%
  10. Chubb Ltd. 1.88%

Asset Allocation

Weighting Return Low Return High MMAPX % Rank
Stocks
98.96% 0.00% 116.22% 36.66%
Cash
1.04% -0.79% 31.78% 59.21%
Preferred Stocks
0.00% 0.00% 12.66% 66.39%
Other
0.00% -3.53% 37.48% 65.29%
Convertible Bonds
0.00% 0.00% 3.66% 65.11%
Bonds
0.00% -0.61% 84.25% 66.13%

Stock Sector Breakdown

Weighting Return Low Return High MMAPX % Rank
Healthcare
22.64% 0.00% 30.08% 8.16%
Financial Services
18.79% 0.00% 58.05% 57.31%
Industrials
13.38% 0.00% 42.76% 24.66%
Technology
11.51% 0.00% 54.02% 40.65%
Communication Services
6.52% 0.00% 26.58% 38.01%
Consumer Cyclical
6.45% 0.00% 22.74% 40.48%
Utilities
6.16% 0.00% 27.04% 27.98%
Energy
5.74% 0.00% 54.00% 75.85%
Real Estate
4.93% 0.00% 90.54% 20.32%
Consumer Defense
2.90% 0.00% 34.10% 92.52%
Basic Materials
0.99% 0.00% 21.69% 88.95%

Stock Geographic Breakdown

Weighting Return Low Return High MMAPX % Rank
US
98.01% 0.00% 116.22% 45.44%
Non US
0.94% 0.00% 27.89% 29.81%

MMAPX - Expenses

Operational Fees

MMAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.01% 17.54% 23.03%
Management Fee 0.66% 0.00% 1.50% 68.83%
12b-1 Fee 0.50% 0.00% 1.00% 71.11%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

MMAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

MMAPX 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.

MMAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 488.00% 27.91%

MMAPX - Distributions

Dividend Yield Analysis

MMAPX Category Low Category High MMAPX % Rank
Dividend Yield 1.10% 0.00% 38.70% 67.99%

Dividend Distribution Analysis

MMAPX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annual

Net Income Ratio Analysis

MMAPX Category Low Category High MMAPX % Rank
Net Income Ratio 0.25% -1.51% 4.28% 92.57%

Capital Gain Distribution Analysis

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

Distributions History

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MMAPX - Fund Manager Analysis

Managers

Adam Illfelder


Start Date

Tenure

Tenure Rank

Apr 26, 2021

1.1

1.1%

Adam H. Illfelder, CFA, is Senior Managing Director and Portfolio Manager and joined Wellington in 2005. He has been involved in portfolio management for the equity portion of the Fund since 2017 and has been involved in securities analysis for the Fund since 2008. He has 23 years of investment management experience. Mr. Illfelder earned his MBA from Northwestern University (Kellogg, 2001) and his BS in economics from the University of Pennsylvania (1997). Additionally, he holds the Chartered Financial Analyst designation and is a member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.01 16.42