CRZZX: MainStay Cushing® Renaissance Advtg I

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

CRZZX MainStay Cushing® Renaissance Advtg I


Profile

CRZZX - Profile

Vitals

  • YTD Return -17.8%
  • 3 Yr Annualized Return -14.0%
  • 5 Yr Annualized Return -9.9%
  • Net Assets $26.6 M
  • Holdings in Top 10 40.5%

52 WEEK LOW AND HIGH

$13.61
$13.61
$18.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.51%

SALES FEES

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

BROKERAGE FEES

  • Turnover 97.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -17.8%
  • 3 Yr Annualized Total Return -12.4%
  • 5 Yr Annualized Total Return -7.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.31%
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
    576031
  • Share Class
    Inst
  • 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.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

CRZZX - Performance

Return Ranking - Trailing

Period CRZZX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.8% -21.4% -3.2% 86.11%
1 Yr -24.1% -32.8% 1.5% 77.78%
3 Yr -14.0%* -19.2% 3.4% 82.76%
5 Yr -9.9%* -11.1% 3.3% 88.46%
10 Yr N/A* -7.1% 6.4% N/A

* Annualized

Return Ranking - Calendar

Period CRZZX Return Category Return Low Category Return High Rank in Category (%)
2019 5.5% -1.0% 21.1% 74.29%
2018 -30.4% -31.6% -10.2% 64.52%
2017 5.6% -2.3% 22.9% 68.97%
2016 26.3% 10.6% 43.7% 40.74%
2015 -25.0% -34.4% -10.9% 69.23%

Total Return Ranking - Trailing

Period CRZZX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.8% -21.4% -3.2% 86.11%
1 Yr -24.1% -32.8% 1.5% 77.78%
3 Yr -12.4%* -19.2% 6.2% 82.76%
5 Yr -7.9%* -9.3% 6.4% 61.54%
10 Yr N/A* -7.1% 8.6% N/A

* Annualized

Total Return Ranking - Calendar

Period CRZZX Return Category Return Low Category Return High Rank in Category (%)
2019 6.3% -1.0% 21.1% 71.43%
2018 -28.6% -31.6% -6.7% 67.74%
2017 8.6% -2.3% 31.7% 55.17%
2016 30.4% 10.9% 44.2% 25.93%
2015 -23.0% -34.0% -5.1% 57.69%

NAV & Total Return History


Holdings

CRZZX - Holdings

Concentration Analysis

CRZZX Category Low Category High CRZZX % 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 1.24 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 CRZZX % 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% 69.44%
Convertible Bonds
0.00% 0.00% 0.00% 77.78%
Bonds
0.00% 0.00% 3.72% 83.33%

Stock Sector Breakdown

Weighting Return Low Return High CRZZX % 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% 7.62% 86.11%
Real Estate
0.00% 0.00% 37.81% 88.89%
Healthcare
0.00% 0.00% 6.42% 80.56%
Financial Services
0.00% 0.00% 4.85% 88.89%
Communication Services
0.00% 0.00% 0.33% 80.56%
Consumer Defense
0.00% 0.00% 8.55% 91.67%
Consumer Cyclical
0.00% 0.00% 15.55% 91.67%

Stock Geographic Breakdown

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

Expenses

CRZZX - Expenses

Operational Fees

CRZZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.51% 0.10% 4.14% 52.78%
Management Fee 1.10% 0.09% 1.25% 88.89%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.25% N/A

Sales Fees

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

Trading Fees

CRZZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.30% 2.00% 44.44%

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.

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

Distributions

CRZZX - Distributions

Dividend Yield Analysis

CRZZX Category Low Category High CRZZX % Rank
Dividend Yield 0.00% 0.00% 0.73% 77.78%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CRZZX Category Low Category High CRZZX % Rank
Net Income Ratio -0.31% -1.54% 4.88% 80.56%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

CRZZX - 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