MainStay Epoch International Choice Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.9%
1 yr return
18.3%
3 Yr Avg Return
1.9%
5 Yr Avg Return
5.7%
Net Assets
$221 M
Holdings in Top 10
38.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.43%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 43.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ICEWX - Profile
Distributions
- YTD Total Return 5.9%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return 5.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.71%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMainStay Epoch International Choice Fund
-
Fund Family NameMainStay Group of Funds
-
Inception DateSep 01, 2006
-
Shares Outstanding18964
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWilliam Booth
Fund Description
The Fund seeks to achieve its investment objective by investing in a portfolio consisting mostly of foreign equity securities, which may include companies in emerging markets. Under normal circumstances, the Fund will invest at least 80% of its assets (net assets plus any borrowings for investment purposes) in foreign equity securities. 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, Factset or ICE Data Services Inc. The Subadvisor defines emerging market countries as those countries that are included in the MSCI Emerging Markets Index. Equity securities include common stock, depository receipts, and securities convertible into common stock, such as warrants, rights, convertible bonds, debentures and convertible preferred stocks. The Fund will normally invest in companies in at least three countries outside of the United States. Although the Fund is not subject to any additional geographic requirement, the Fund expects that the majority of its investments will be in the developed markets of Canada, Western Europe, Asia and Australasia. The Fund may invest more than 25% of its net assets in securities of companies in each of the United Kingdom and Japan. In order to gain additional exposure to international markets, the Fund may also invest in exchange traded funds ("ETFs"), whose underlying securities are issued by international companies.
Investment Process: Epoch Investment Partners, Inc., the Fund's Subadvisor, invests primarily in companies that generate increasing levels of free cash flow and have management teams that the Subadvisor believes allocate free cash flow effectively to create shareholder value. The security selection process focuses on free-cash-flow analytics as opposed to traditional accounting-based metrics. The Subadvisor seeks to identify companies with a consistent, straightforward ability to both generate cash flow and to intelligently allocate it among internal reinvestment opportunities, acquisitions, dividends, share repurchases and/or debt reduction.
Material environmental, social and governance ("ESG") factors are identified and monitored by the Subadvisor. Material ESG factors vary by company and industry, but the Subadvisor pays particular attention to factors relating to climate change and corporate governance. This information is taken into account by the Subadvisor in making investment decisions. Material ESG factors are identified and monitored by the Subadvisor through review of ESG information published by the company (where relevant) or selected specialist third-party research and data providers. While the Subadvisor considers ESG factors in the investment decision-making process of the Fund, this does not mean that ESG considerations are the sole or foremost considerations for investment decisions.
The Subadvisor may sell or reduce a position in a security when it believes its investment objectives have been met or when the security is deemed less attractive relative to another security on a return/risk basis. The Subadvisor may sell or reduce a position in a security if it sees the investment thesis failing to materialize.
ICEWX - Performance
Return Ranking - Trailing
Period | ICEWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.9% | 0.0% | 36.6% | 97.69% |
1 Yr | 18.3% | -1.8% | 47.8% | 96.15% |
3 Yr | 1.9%* | -15.4% | 50.2% | 87.12% |
5 Yr | 5.7%* | -34.2% | 76.8% | 94.64% |
10 Yr | 3.0%* | 0.9% | 32.7% | 97.42% |
* Annualized
Return Ranking - Calendar
Period | ICEWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.1% | -1.4% | 22.0% | 4.62% |
2022 | -17.2% | -43.6% | 71.3% | 36.99% |
2021 | 4.7% | -28.5% | 18.9% | 51.67% |
2020 | 6.5% | -90.1% | 992.1% | 63.61% |
2019 | 20.3% | -1.9% | 38.8% | 41.15% |
Total Return Ranking - Trailing
Period | ICEWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.9% | 0.0% | 36.6% | 97.69% |
1 Yr | 18.3% | -1.8% | 47.8% | 96.15% |
3 Yr | 1.9%* | -15.4% | 50.2% | 87.12% |
5 Yr | 5.7%* | -34.2% | 76.8% | 94.64% |
10 Yr | 3.0%* | 0.9% | 32.7% | 97.42% |
* Annualized
Total Return Ranking - Calendar
Period | ICEWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.2% | 3.2% | 23.8% | 23.69% |
2022 | -17.2% | -43.6% | 144.8% | 67.71% |
2021 | 5.2% | -22.6% | 56.0% | 90.75% |
2020 | 8.0% | -89.7% | 1010.8% | 68.36% |
2019 | 22.1% | 4.3% | 38.8% | 51.91% |
NAV & Total Return History
ICEWX - Holdings
Concentration Analysis
ICEWX | Category Low | Category High | ICEWX % Rank | |
---|---|---|---|---|
Net Assets | 221 M | 3.3 M | 425 B | 75.38% |
Number of Holdings | 36 | 1 | 10481 | 91.90% |
Net Assets in Top 10 | 85.9 M | 1.01 M | 47.5 B | 66.82% |
Weighting of Top 10 | 38.45% | 4.6% | 147.7% | 12.62% |
Top 10 Holdings
- AstraZeneca plc 5.30%
- Sony Group Corp. 4.38%
- NN Group NV 4.26%
- Novo Nordisk A/S, Class B 3.69%
- Lloyds Banking Group plc 3.55%
- Unilever plc 3.52%
- Deutsche Telekom AG (Registered) 3.48%
- Asahi Group Holdings Ltd. 3.44%
- Keyence Corp. 3.43%
- Linde plc 3.42%
Asset Allocation
Weighting | Return Low | Return High | ICEWX % Rank | |
---|---|---|---|---|
Stocks | 95.50% | 0.00% | 102.63% | 76.45% |
Cash | 4.50% | 0.00% | 44.84% | 13.61% |
Preferred Stocks | 0.00% | -0.05% | 6.57% | 81.65% |
Other | 0.00% | -2.05% | 69.93% | 77.68% |
Convertible Bonds | 0.00% | 0.00% | 4.18% | 65.49% |
Bonds | 0.00% | -0.46% | 79.43% | 67.58% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ICEWX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 16.37% | 0.00% | 36.36% | 6.74% |
Financial Services | 16.35% | 0.00% | 47.75% | 69.12% |
Technology | 15.62% | 0.00% | 36.32% | 12.54% |
Healthcare | 11.71% | 0.00% | 20.35% | 48.75% |
Consumer Defense | 11.09% | 0.00% | 32.29% | 19.59% |
Communication Services | 10.11% | 0.00% | 21.69% | 7.84% |
Industrials | 9.38% | 5.17% | 99.49% | 93.89% |
Energy | 5.23% | 0.00% | 16.89% | 41.22% |
Basic Materials | 4.13% | 0.00% | 23.86% | 87.93% |
Utilities | 0.00% | 0.00% | 13.68% | 95.14% |
Real Estate | 0.00% | 0.00% | 14.59% | 90.91% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ICEWX % Rank | |
---|---|---|---|---|
Non US | 82.27% | 0.00% | 99.44% | 79.97% |
US | 13.24% | 0.00% | 102.01% | 21.71% |
ICEWX - Expenses
Operational Fees
ICEWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.43% | 0.01% | 19.62% | 5.97% |
Management Fee | 0.80% | 0.00% | 1.65% | 81.23% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 94.90% |
Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
ICEWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 78.18% |
Trading Fees
ICEWX 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.
ICEWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 43.00% | 2.00% | 247.00% | 61.27% |
ICEWX - Distributions
Dividend Yield Analysis
ICEWX | Category Low | Category High | ICEWX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.02% | 0.00% | 17.49% | 96.18% |
Dividend Distribution Analysis
ICEWX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
ICEWX | Category Low | Category High | ICEWX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.71% | -0.93% | 6.38% | 99.37% |
Capital Gain Distribution Analysis
ICEWX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 11, 2023 | $0.008 | OrdinaryDividend |
Dec 07, 2021 | $0.167 | OrdinaryDividend |
Dec 08, 2020 | $0.529 | OrdinaryDividend |
Dec 10, 2019 | $0.529 | OrdinaryDividend |
Dec 11, 2018 | $0.148 | OrdinaryDividend |
Dec 13, 2017 | $0.057 | OrdinaryDividend |
Dec 13, 2016 | $0.669 | OrdinaryDividend |
Dec 07, 2015 | $0.099 | OrdinaryDividend |
Dec 15, 2014 | $0.584 | OrdinaryDividend |
Dec 18, 2013 | $0.002 | OrdinaryDividend |
Dec 07, 2012 | $0.253 | OrdinaryDividend |
Jun 29, 2011 | $0.314 | OrdinaryDividend |
Jun 29, 2010 | $0.167 | OrdinaryDividend |
ICEWX - Fund Manager Analysis
Managers
William Booth
Start Date
Tenure
Tenure Rank
Jan 09, 2017
5.39
5.4%
Bill is Co-Chief Investment Officer of Epoch Investment Partners. He is also a portfolio manager for global and non-U.S. equity strategies. Bill joined Epoch in 2009 from PioneerPath Capital, a long/short equity hedge fund where he was a consumer and retail analyst. Prior to PioneerPath, he was a senior analyst at Level Global focused on the consumer and industrial sectors.
Michael Welhoelter
Start Date
Tenure
Tenure Rank
Jan 09, 2017
5.39
5.4%
Mike is Co-Chief Investment Officer of Epoch Investment Partners. He is also Chief Risk Officer. Mike is responsible for integrating risk management into the investment process. Prior to joining Epoch in 2005, he was a director and portfolio manager in the Quantitative Strategies Group at Columbia Management Group, Inc. Before that, Mike was at Credit Suisse Asset Management Group (“CSAM”), where he was a portfolio manager in the Structured Equity group. Before joining CSAM, he was a portfolio manager and quantitative research analyst at Chancellor/LGT Asset Management.
Glen Petraglia
Start Date
Tenure
Tenure Rank
May 31, 2018
4.0
4.0%
Glen is a portfolio manager and senior equity research analyst. Prior to joining Epoch in 2014, Glen was a generalist portfolio manager and an analyst at Standard Life Investments in Boston, where he focused on consumer staples, restaurants and regional banks. Before Standard Life, he held positions at Citigroup and Nabisco. Glen received his BS from Providence College and an MBA from New York University's Leonard N. Stern School of Business.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.35 | 6.35 | 3.25 |