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Trending ETFs

MainStay Candriam Emerging Markets Equity Fund

mutual fund
MCYIX
Payout Change
Pending
Price as of:
$11.22 +0.03 +0.27%
primary theme
Emerging Markets Equity
MCYIX (Mutual Fund)

MainStay Candriam Emerging Markets Equity Fund

Payout Change
Pending
Price as of:
$11.22 +0.03 +0.27%
primary theme
Emerging Markets Equity
MCYIX (Mutual Fund)

MainStay Candriam Emerging Markets Equity Fund

Payout Change
Pending
Price as of:
$11.22 +0.03 +0.27%
primary theme
Emerging Markets Equity

Name

As of 10/07/2024

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

$11.22

$159 M

0.95%

$0.11

1.29%

Vitals

YTD Return

20.8%

1 yr return

28.7%

3 Yr Avg Return

-2.9%

5 Yr Avg Return

6.5%

Net Assets

$159 M

Holdings in Top 10

31.0%

52 WEEK LOW AND HIGH

$11.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 74.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/07/2024

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

$11.22

$159 M

0.95%

$0.11

1.29%

MCYIX - Profile

Distributions

  • YTD Total Return 20.8%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.38%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MainStay Candriam Emerging Markets Equity Fund
  • Fund Family Name
    MainStay Group of Funds
  • Inception Date
    Nov 15, 2017
  • Shares Outstanding
    1090795
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Philip Screve

Fund Description

Under normal circumstances, the Fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities or equity-related securities issued by entities in, or tied economically to, emerging markets. The Fund may invest in securities issued by entities with market capitalizations at the time of investment of $500 million or more. These securities may be denominated in U.S. or non-U.S. currencies. The Fund may also invest in exchange-traded funds (“ETFs”) to obtain this exposure or for other investment purposes. The Fund may also invest in American Depositary Receipts, Global Depositary Receipts and non-voting Depositary Receipts. 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.

Candriam, the Fund’s Subadvisor, defines emerging market countries as those countries that are included in the MSCI Emerging + Frontier Markets Index.

The Subadvisor determines that an investment is tied economically to an emerging market if such investment satisfies either of the following conditions: (i) the issuer’s primary trading market is in an emerging market, or (ii) the investment is included in an index representative of emerging markets, such as MSCI Emerging + Frontier Markets Index.

At times, the Fund might increase the relative exposure to investments in a particular region or country. The Fund may invest up to 20% of its net assets in securities that are not issued by entities in, or tied economically to, emerging markets. These investments may include equity securities, U.S. government and agency securities and short-term investments, such as cash and cash equivalents.

The Fund may also make use of derivative financial instruments for the purpose of hedging or exposure, such as futures, options, swaps, and forwards.

Investment Process: The Subadvisor seeks to create medium to longer-term capital appreciation through investments in emerging market companies that are considered to generate high, and growing, levels of profits by constructing a diversified, conviction based portfolio, aiming for consistent risk-adjusted returns greater than the MSCI Emerging Markets Index.

Investment opportunities are identified via a thematic approach, which seeks to identify and analyze investable longer term structural trends as well as shorter term local and global trends, combined with a bottom-up stock selection methodology based on a proprietary quantitative screening platform to identify companies with attractive profitability levels and sustainable growth trends relative to their country and/or sector. Additionally, this proprietary quantitative screening platform also seeks to limit exposure to industries which do not satisfy the Subadvisor’s environmental, social or governance (“ESG”) criteria such as certain types of extractive industries, tobacco-related industries and industries related to chemical, biological or white phosphorus weapons. By incorporating ESG criteria within the investment process, the Subadvisor identifies other factors that may influence a company's value and competitiveness over the medium- and long-term, which are not always immediately obvious in traditional financial analyses. External factors such as CO2 costs or health and safety standards affect most companies, either positively or negatively, when integrated into their economic model. Some factors offer a new opportunity while others are considered a threat to the business model.

ESG factors are evaluated by the Subadvisor based on data provided by its dedicated and independent ESG research team. The ESG research team conducts an ESG assessment of companies by their potential ability to create value by integrating sustainability into their business activities and the interest of stakeholders within their operating and financial managerial processes. The business activities analysis assesses how companies are exposed to major long-term ESG trends that can strongly influence the environment in which they operate and that may shape their future market challenges and long-term growth. The relationships with stakeholders give rise to opportunities as well as risks, and are therefore determinants of long-term value. The Subadvisor evaluates the extent to which each company incorporates the interests of stakeholders in its long-term strategy.

The ESG assessment is a contributing factor to determine the final assessment of a company, which in turn will determine the weighting of this position in the portfolio.

Finally, the Subadvisor applies a norms-based and controversial activities filter to exclude companies which may represent high risk due to a violation of UN Global Compact principles and exposed to highly controversial activities such as armament, tobacco and thermal coal.

The Subadvisor considers sector, currency, regional and country deviations relative to the MSCI Emerging Markets Index when making investment decisions for the Fund. The Subadvisor seeks to reduce risk by investing in securities of a large number of issuers across markets, sectors and countries.

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MCYIX - Performance

Return Ranking - Trailing

Period MCYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.8% -12.4% 39.1% 14.85%
1 Yr 28.7% -4.5% 47.7% 26.61%
3 Yr -2.9%* -12.2% 12.9% 69.39%
5 Yr 6.5%* -3.1% 13.1% 42.77%
10 Yr N/A* -2.4% 7.1% N/A

* Annualized

Return Ranking - Calendar

Period MCYIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -6.5% 35.5% 72.63%
2022 -28.7% -50.1% -2.4% 79.83%
2021 -4.5% -33.1% 22.5% 44.21%
2020 35.5% -22.1% 80.1% 7.03%
2019 20.5% -0.7% 42.0% 40.50%

Total Return Ranking - Trailing

Period MCYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.8% -12.4% 39.1% 14.85%
1 Yr 28.7% -4.5% 47.7% 26.61%
3 Yr -2.9%* -12.2% 12.9% 69.39%
5 Yr 6.5%* -3.1% 13.1% 42.77%
10 Yr N/A* -2.4% 7.1% N/A

* Annualized

Total Return Ranking - Calendar

Period MCYIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -2.7% 42.0% 79.33%
2022 -27.9% -42.2% 1.9% 84.44%
2021 -3.7% -32.5% 33.1% 68.14%
2020 36.4% -20.0% 81.6% 7.67%
2019 22.3% 2.3% 42.0% 41.49%

NAV & Total Return History


MCYIX - Holdings

Concentration Analysis

MCYIX Category Low Category High MCYIX % Rank
Net Assets 159 M 682 K 103 B 69.74%
Number of Holdings 106 10 7534 46.30%
Net Assets in Top 10 49 M 290 K 23.8 B 69.74%
Weighting of Top 10 31.03% 2.9% 100.2% 64.80%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co. Ltd. 9.28%
  2. Tencent Holdings Ltd. 4.34%
  3. Samsung Electronics Co. Ltd. 3.01%
  4. Bharti Airtel Ltd. 2.26%
  5. Gold Fields Ltd. 2.22%
  6. ICICI Bank Ltd. 2.17%
  7. Meituan 2.11%
  8. Reliance Industries Ltd. 2.07%
  9. Alibaba Group Holding Ltd. 1.80%
  10. Capitec Bank Holdings Ltd. 1.77%

Asset Allocation

Weighting Return Low Return High MCYIX % Rank
Stocks
96.33% 0.00% 107.82% 61.09%
Preferred Stocks
2.33% 0.00% 13.31% 17.15%
Cash
1.34% -2.03% 16.88% 60.81%
Other
0.00% -0.46% 26.93% 77.68%
Convertible Bonds
0.00% 0.00% 7.40% 76.54%
Bonds
0.00% 0.00% 88.10% 79.92%

Stock Sector Breakdown

Weighting Return Low Return High MCYIX % Rank
Financial Services
24.26% 0.00% 48.86% 29.80%
Technology
18.90% 0.00% 47.50% 75.56%
Basic Materials
11.89% 0.00% 30.03% 14.69%
Consumer Cyclical
10.31% 0.00% 48.94% 75.42%
Communication Services
8.47% 0.00% 39.29% 55.51%
Energy
7.14% 0.00% 24.80% 13.70%
Industrials
6.92% 0.00% 43.53% 36.02%
Consumer Defense
4.44% 0.00% 25.90% 77.82%
Healthcare
3.38% 0.00% 16.53% 59.60%
Utilities
2.65% 0.00% 39.12% 29.10%
Real Estate
1.65% 0.00% 17.15% 48.59%

Stock Geographic Breakdown

Weighting Return Low Return High MCYIX % Rank
Non US
91.57% 0.00% 101.28% 26.64%
US
4.76% 0.00% 100.13% 76.85%

MCYIX - Expenses

Operational Fees

MCYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.29% 0.03% 29.98% 52.45%
Management Fee 1.00% 0.00% 2.00% 82.12%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

MCYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MCYIX 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.

MCYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 74.00% 0.00% 189.00% 74.49%

MCYIX - Distributions

Dividend Yield Analysis

MCYIX Category Low Category High MCYIX % Rank
Dividend Yield 0.95% 0.00% 9.74% 71.69%

Dividend Distribution Analysis

MCYIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual Annual

Net Income Ratio Analysis

MCYIX Category Low Category High MCYIX % Rank
Net Income Ratio 0.38% -1.98% 17.62% 62.37%

Capital Gain Distribution Analysis

MCYIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Annually

Distributions History

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MCYIX - Fund Manager Analysis

Managers

Philip Screve


Start Date

Tenure

Tenure Rank

Nov 01, 2017

4.58

4.6%

Philip Screve has served as Senior Fund Manager in charge of Central and East European Emerging Markets for Candriam Investors Group since 2003. He joined Candriam (formerly Bank BACOB) in 1992 and has been a Senior Equity Fund Manager since 1998. He has over 18 years of Emerging Markets experience. Philip holds a Masters degree in Commerce and Finance from the Vlekho Business School in Belgium.

Mohamed Lamine Saidi


Start Date

Tenure

Tenure Rank

Nov 01, 2017

4.58

4.6%

Lamine Saidi has served as Senior Fund Manager in charge of Emerging Latin America for Candriam Investors Group at Candriam Belgium since 2005. He was previously with Fortis Investment and Swisscorp Financial Advisory. Lamine graduated with an undergraduate degree in Banking and Financial Econometrics and a Masters degree in Finance from University of Aix-en-Provence in France.

Paulo Salazar


Start Date

Tenure

Tenure Rank

May 24, 2021

1.02

1.0%

Mr. Salazar has managed the MainStay Candriam Emerging Markets Equity Fund since 2021. He is Co-Head of Emerging Market Equities. Mr. Salazar joined Candriam in 2015 as an Emerging Markets equity analyst and has over 15 years of Emerging Markets experience in private equity and financial markets. Mr. Salazar earned his B.B.A. in Corporate Finance and Financial Markets from FGV-EAESP in Sao Paulo and has an International Diploma in Finance from University of California, Berkeley.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.64 13.42