MainStay WMC Enduring Capital Fund
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.1%
1 yr return
21.8%
3 Yr Avg Return
6.4%
5 Yr Avg Return
12.2%
Net Assets
$546 M
Holdings in Top 10
48.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.92%
SALES FEES
Front Load N/A
Deferred Load 5.00%
TRADING FEES
Turnover 24.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MOPBX - Profile
Distributions
- YTD Total Return 6.1%
- 3 Yr Annualized Total Return 6.4%
- 5 Yr Annualized Total Return 12.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.77%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMainStay WMC Enduring Capital Fund
-
Fund Family NameMainstay Group of Funds
-
Inception DateJun 01, 1998
-
Shares Outstanding136937
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Whitaker
Fund Description
Under normal circumstances, the Fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in common stocks. The Fund invests in common stocks of U.S. companies with market capitalizations that, at the time of investment, are similar to the market capitalizations of companies whose stocks are included in the Standard & Poor's 500® Index ("S&P 500® Index”) (which ranged from $6 billion to
$3 trillion as of December 31, 2023) or the Russell 3000® Index (which ranged from $10 million to $3 trillion as of December 31, 2023). The Fund may also 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 real estate investment trusts (“REITs”). REITs are pooled investment vehicles that invest primarily in either real estate or real estate-related loans.
Investment Process: The Subadvisor seeks to identify companies that have a decades-long perspective, and resilient businesses run by owner-minded executives skilled at capital allocation. When purchasing stocks for the Fund, the Subadvisor assesses the strength and resilience of each company’s business, opportunities for growth and investment in the business, management, quality and capital allocation skill and valuation. The Subadvisor may sell a security due to a company’s reduced cash flow resiliency, fewer growth opportunities, or adverse changes to the management team and culture. 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.
MOPBX - Performance
Return Ranking - Trailing
Period | MOPBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.1% | -0.9% | 14.6% | 85.94% |
1 Yr | 21.8% | 1.8% | 51.2% | 74.66% |
3 Yr | 6.4%* | -13.5% | 14.6% | 68.10% |
5 Yr | 12.2%* | -9.3% | 106.8% | 67.11% |
10 Yr | 10.2%* | -0.1% | 20.7% | 74.46% |
* Annualized
Return Ranking - Calendar
Period | MOPBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.1% | -42.6% | 47.4% | 61.09% |
2022 | -17.4% | -56.3% | -4.2% | 15.73% |
2021 | 21.5% | -27.2% | 53.7% | 28.55% |
2020 | 14.3% | -36.2% | 2181.7% | 35.55% |
2019 | 16.9% | -22.7% | 40.4% | 82.57% |
Total Return Ranking - Trailing
Period | MOPBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.1% | -0.9% | 14.6% | 85.94% |
1 Yr | 21.8% | 1.8% | 51.2% | 74.66% |
3 Yr | 6.4%* | -13.5% | 14.6% | 68.10% |
5 Yr | 12.2%* | -9.3% | 106.8% | 67.11% |
10 Yr | 10.2%* | -0.1% | 20.7% | 74.46% |
* Annualized
Total Return Ranking - Calendar
Period | MOPBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.3% | -5.0% | 47.4% | 84.79% |
2022 | -14.0% | -36.8% | -2.2% | 20.89% |
2021 | 33.7% | 3.0% | 124.3% | 3.12% |
2020 | 14.3% | -15.8% | 2266.0% | 66.67% |
2019 | 23.6% | -0.4% | 241.3% | 93.30% |
NAV & Total Return History
MOPBX - Holdings
Concentration Analysis
MOPBX | Category Low | Category High | MOPBX % Rank | |
---|---|---|---|---|
Net Assets | 546 M | 2.34 M | 1.55 T | 63.82% |
Number of Holdings | 35 | 2 | 4048 | 91.45% |
Net Assets in Top 10 | 255 M | 885 K | 387 B | 59.19% |
Weighting of Top 10 | 48.19% | 0.3% | 112.0% | 10.26% |
Top 10 Holdings
- Constellation Software, Inc. 7.79%
- NVR, Inc. 5.23%
- PACCAR, Inc. 4.93%
- Progressive Corp. (The) 4.90%
- Markel Group, Inc. 4.80%
- Berkshire Hathaway, Inc., Class B 4.37%
- Copart, Inc. 4.25%
- Linde plc 4.03%
- Expeditors International of Washington, Inc. 3.95%
- Costco Wholesale Corp. 3.94%
Asset Allocation
Weighting | Return Low | Return High | MOPBX % Rank | |
---|---|---|---|---|
Stocks | 97.30% | 0.00% | 124.03% | 78.59% |
Cash | 3.12% | 0.00% | 99.06% | 15.10% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 27.56% |
Other | 0.00% | -13.91% | 100.00% | 53.59% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 23.48% |
Bonds | 0.00% | -0.37% | 93.78% | 28.67% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MOPBX % Rank | |
---|---|---|---|---|
Industrials | 29.28% | 0.00% | 29.90% | 0.16% |
Financial Services | 24.91% | 0.00% | 55.59% | 2.93% |
Consumer Cyclical | 9.00% | 0.00% | 30.33% | 74.39% |
Basic Materials | 7.18% | 0.00% | 25.70% | 5.20% |
Healthcare | 7.14% | 0.00% | 60.70% | 96.83% |
Technology | 6.83% | 0.00% | 48.94% | 96.75% |
Real Estate | 6.52% | 0.00% | 31.91% | 3.17% |
Consumer Defense | 3.90% | 0.00% | 47.71% | 91.79% |
Utilities | 2.82% | 0.00% | 20.91% | 42.36% |
Communication Services | 2.43% | 0.00% | 27.94% | 93.25% |
Energy | 0.00% | 0.00% | 41.64% | 88.78% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MOPBX % Rank | |
---|---|---|---|---|
US | 86.39% | 0.00% | 124.03% | 93.69% |
Non US | 10.91% | 0.00% | 62.81% | 3.75% |
MOPBX - Expenses
Operational Fees
MOPBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.92% | 0.01% | 19.75% | 6.19% |
Management Fee | 0.55% | 0.00% | 1.90% | 54.74% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 86.38% |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
MOPBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | 5.00% | 1.00% | 5.00% | 0.82% |
Trading Fees
MOPBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
MOPBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 24.00% | 0.00% | 496.00% | 47.55% |
MOPBX - Distributions
Dividend Yield Analysis
MOPBX | Category Low | Category High | MOPBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.15% | 0.00% | 25.47% | 85.67% |
Dividend Distribution Analysis
MOPBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
MOPBX | Category Low | Category High | MOPBX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.77% | -54.00% | 6.06% | 97.55% |
Capital Gain Distribution Analysis
MOPBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 27, 2023 | $0.049 | OrdinaryDividend |
Dec 12, 2022 | $1.099 | OrdinaryDividend |
Dec 03, 2019 | $1.236 | OrdinaryDividend |
Dec 14, 2016 | $0.039 | OrdinaryDividend |
Dec 14, 2015 | $0.033 | OrdinaryDividend |
Dec 19, 2014 | $0.034 | OrdinaryDividend |
Dec 20, 2013 | $0.050 | OrdinaryDividend |
Dec 11, 2012 | $0.021 | OrdinaryDividend |
Dec 07, 2011 | $0.039 | OrdinaryDividend |
Dec 30, 2010 | $0.003 | ExtraDividend |
Dec 14, 2009 | $0.009 | OrdinaryDividend |
MOPBX - Fund Manager Analysis
Managers
Mark Whitaker
Start Date
Tenure
Tenure Rank
Mar 05, 2021
1.24
1.2%
Mark A. Whitaker, CFA, Senior Managing Director and Equity Portfolio Manager, is involved in portfolio management for Funds. Mark is an equity portfolio manager on Wellington Management's Mid Cap Opportunities Team, which manages accounts for a globally diverse group of individual, institutional, and mutual fund clients. Prior to joining the firm in 2004, Mark was an equity research analyst at Morgan Stanley, covering packaging and containers and electrical equipment (2000 — 2002). Before that, Mark was a cash management consultant at Ernst & Young (1999 — 2000). Mark received his MBA from Stanford University (2004) and his BS in business administration from the University of Kansas, Lawrence (1999). He holds the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.27 | 2.42 |