CRZAX: MainStay Cushing® Renaissance Advtg A

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CRZAX MainStay Cushing® Renaissance Advtg A


Profile

CRZAX - Profile

Vitals

  • YTD Return -9.6%
  • 3 Yr Annualized Return -12.5%
  • 5 Yr Annualized Return -8.3%
  • Net Assets $26.6 M
  • Holdings in Top 10 40.5%

52 WEEK LOW AND HIGH

$14.70
$14.40
$18.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.77%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 97.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $15,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -9.6%
  • 3 Yr Annualized Total Return -11.1%
  • 5 Yr Annualized Total Return -6.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.66%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    MainStay Cushing® Renaissance Advantage Fund
  • Fund Family Name
    MainStay
  • Inception Date
    Apr 02, 2013
  • Shares Outstanding
    759595
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jerry Swank

Fund Description

The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a portfolio of (i) companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services companies, (ii) energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies that the subadvisor expects to benefit from growing energy production and lower feedstock costs relative to global costs and, (iii) transportation and logistics companies providing solutions to the U.S. manufacturing industry.


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Categories

Performance

CRZAX - Performance

Return Ranking - Trailing

Period CRZAX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.6% -15.0% 4.4% 83.33%
1 Yr -17.8% -27.4% 11.7% 80.56%
3 Yr -12.5%* -18.2% 5.0% 86.21%
5 Yr -8.3%* -9.2% 4.4% 88.46%
10 Yr N/A* -6.9% 7.0% N/A

* Annualized

Return Ranking - Calendar

Period CRZAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -1.0% 21.1% 77.14%
2018 -30.6% -31.6% -10.2% 67.74%
2017 5.3% -2.3% 22.9% 72.41%
2016 25.9% 10.6% 43.7% 44.44%
2015 -25.3% -34.4% -10.9% 73.08%

Total Return Ranking - Trailing

Period CRZAX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.6% -15.0% 4.4% 83.33%
1 Yr -17.8% -27.4% 11.7% 80.56%
3 Yr -11.1%* -18.2% 7.9% 72.41%
5 Yr -6.3%* -8.7% 7.5% 61.54%
10 Yr N/A* -6.9% 9.3% N/A

* Annualized

Total Return Ranking - Calendar

Period CRZAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -1.0% 21.1% 77.14%
2018 -28.8% -31.6% -6.7% 70.97%
2017 8.3% -2.3% 31.7% 68.97%
2016 30.0% 10.9% 44.2% 29.63%
2015 -23.2% -34.0% -5.1% 61.54%

NAV & Total Return History


Holdings

CRZAX - Holdings

Concentration Analysis

CRZAX Category Low Category High CRZAX % Rank
Net Assets 26.6 M 1.21 M 3.25 B 83.33%
Number of Holdings 52 2 249 50.00%
Net Assets in Top 10 14.8 M 600 K 1.3 B 69.44%
Weighting of Top 10 40.51% 19.7% 99.1% 55.56%

Top 10 Holdings

  1. Energy Transfer LP 4.84%
  2. Jacobs Engineering Group Inc 4.67%
  3. Viper Energy Partners LP 4.50%
  4. Cheniere Energy Inc 4.44%
  5. Valero Energy Corp 4.26%
  6. Diamondback Energy Inc 3.87%
  7. DCP Midstream LP 3.85%
  8. Targa Resources Corp 3.78%
  9. Marathon Petroleum Corp 3.41%
  10. Southwest Airlines Co 2.90%

Asset Allocation

Weighting Return Low Return High CRZAX % Rank
Stocks
98.03% 83.60% 100.00% 52.78%
Cash
1.97% 0.00% 16.40% 50.00%
Preferred Stocks
0.00% 0.00% 5.55% 77.78%
Other
0.00% -4.34% 8.28% 63.89%
Convertible Bonds
0.00% 0.00% 0.00% 77.78%
Bonds
0.00% 0.00% 3.72% 80.56%

Stock Sector Breakdown

Weighting Return Low Return High CRZAX % Rank
Energy
69.86% 0.00% 69.86% 8.33%
Industrials
21.59% 0.00% 57.56% 11.11%
Basic Materials
4.88% 3.23% 100.00% 94.44%
Utilities
3.67% 0.00% 23.30% 16.67%
Technology
0.00% 0.00% 6.18% 77.78%
Real Estate
0.00% 0.00% 37.81% 83.33%
Healthcare
0.00% 0.00% 6.42% 77.78%
Financial Services
0.00% 0.00% 4.85% 80.56%
Communication Services
0.00% 0.00% 0.33% 77.78%
Consumer Defense
0.00% 0.00% 8.55% 83.33%
Consumer Cyclical
0.00% 0.00% 15.55% 94.44%

Stock Geographic Breakdown

Weighting Return Low Return High CRZAX % Rank
US
92.22% 15.08% 92.22% 8.33%
Non US
5.81% 5.81% 80.28% 97.22%

Expenses

CRZAX - Expenses

Operational Fees

CRZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.77% 0.10% 4.14% 38.89%
Management Fee 1.10% 0.09% 1.25% 88.89%
12b-1 Fee 0.25% 0.00% 1.00% 52.63%
Administrative Fee N/A 0.00% 0.25% N/A

Sales Fees

CRZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 0.30% 5.75% 60.00%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CRZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.30% 2.00% 50.00%

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.

CRZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 97.00% 1.10% 247.00% 83.33%

Distributions

CRZAX - Distributions

Dividend Yield Analysis

CRZAX Category Low Category High CRZAX % Rank
Dividend Yield 0.00% 0.00% 0.68% 77.78%

Dividend Distribution Analysis

CRZAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Semi-Annually

Net Income Ratio Analysis

CRZAX Category Low Category High CRZAX % Rank
Net Income Ratio -0.66% -1.54% 4.88% 91.67%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

CRZAX - Fund Manager Analysis

Managers

Jerry Swank


Start Date

Tenure

Tenure Rank

Apr 02, 2013

6.84

6.8%

Jerry V. Swank founded Swank Capital in 2001 and its wholly owned SEC-registered investment adviser in 2003. He has over 40 years of experience in investment management and research analysis. Mr. Swank was formerly President and CEO of John S. Herold, Inc, an oil and gas research/consulting company (now part of IHS Markit). He spent 14 years with CS First Boston, where he was a Director and Southwestern Regional Sales Manager. He worked seven years as a buy-side analyst and portfolio manager. Mr. Swank holds a B.A. in Economics (University of Missouri) and an M.B.A. (University of North Texas). Mr. Swank has served on the boards of John S. Herold Inc., Matador Petroleum and Advantage Acceptance Inc.

Saket Kumar


Start Date

Tenure

Tenure Rank

Apr 02, 2013

6.84

6.8%

Mr. Kumar is a Portfolio Manager and Senior Research Analyst of the Cushing® Asset Management, LP. Mr. Kumar originally joined Cushing in 2008 as a Senior Research Analyst and rejoined the firm in 2012 after a one-year research analyst position with Citadel Investment Group. He has experience as an engineer, in investment research and investment banking and is a specialist in the materials, energy and basic industrials sectors. Prior to Cushing, Mr. Kumar worked at Citadel Investment Group from October 2011 through October 2012 as a research analyst. He originally joined the Investment Adviser in 2008 as a Senior Research Analyst for the Cushing® Asset Management, LP. Prior to the Cushing® Asset Management, LP, he was an investment banker at Bear Stearns where he focused on corporate finance and mergers and acquisitions in the global industrial group. Prior to that, he spent three years in the marine transportation industry as an engineer on board cargo vessels specializing in dry bulk and crude oil shipping. Mr. Kumar received an M.B.A. in finance and accounting from Southern Methodist University and a B.S. in marine engineering from Marine Engineering and Research Institute in India.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.23 21.85 5.66 4.09