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MainStay S&P 500 Index Fund
mutual fund
MSPIX
Payout Change
Pending
Price as of:
$65.87
-0.4
-0.6%
primary theme
U.S. Large-Cap Blend Equity
share class
MSPIX (Mutual Fund)
MainStay S&P 500 Index Fund
Payout Change
Pending
Price as of:
$65.87
-0.4
-0.6%
primary theme
U.S. Large-Cap Blend Equity
share class
MSPIX (Mutual Fund)
MainStay S&P 500 Index Fund
Payout Change
Pending
Price as of:
$65.87
-0.4
-0.6%
primary theme
U.S. Large-Cap Blend Equity
share class
Name
As of 12/09/2024Price
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
Vitals
YTD Return
28.2%
1 yr return
32.4%
3 Yr Avg Return
9.0%
5 Yr Avg Return
14.9%
Net Assets
$1.33 B
Holdings in Top 10
34.0%
52 WEEK LOW AND HIGH
$66.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.27%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.00%
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 12/09/2024Price
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
MSPIX - Profile
Distributions
- YTD Total Return 28.2%
- 3 Yr Annualized Total Return 9.0%
- 5 Yr Annualized Total Return 14.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.19%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMainStay S&P 500 Index Fund
-
Fund Family NameMainStay Group of Funds
-
Inception DateJan 02, 1991
-
Shares Outstanding5762916
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerFrancis Ok
Fund Description
The Fund normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in stocks as represented in the Standard & Poor's 500® Index ("S&P 500® Index”) in the same proportion, to the extent feasible.
The Fund may invest up to 20% of its total assets in options and futures contracts to maintain cash reserves, while being fully invested, to facilitate trading or to reduce transaction costs. The Fund may invest in such derivatives to try to enhance returns or reduce the risk of loss by hedging certain of its holdings.
Investment Process: IndexIQ Advisors LLC, the Fund's Subadvisor, uses statistical techniques to determine which stocks are to be purchased or sold to replicate the S&P 500® Index to the extent feasible. From time to time, adjustments may be made in the Fund's holdings because of
changes in the composition of the S&P 500® Index. The correlation between the investment performance of the Fund and the S&P 500® Index is expected to be at least 0.95, before charges, fees and expenses, on an annual basis. A correlation of 1.00 would indicate perfect correlation, which would be achieved when the net asset value of the Fund, including the value of its dividend and capital gains distributions, increases or decreases in exact proportion to changes in the S&P 500® Index.
MSPIX - Performance
Return Ranking - Trailing
| Period | MSPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.2% | -25.4% | 48.4% | 20.53% |
| 1 Yr | 32.4% | -1.5% | 58.3% | 27.21% |
| 3 Yr | 9.0%* | -5.8% | 19.4% | 49.62% |
| 5 Yr | 14.9%* | -7.6% | 110.8% | 38.71% |
| 10 Yr | 12.9%* | -0.1% | 53.0% | 23.71% |
* Annualized
Return Ranking - Calendar
| Period | MSPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.7% | -42.6% | 47.4% | 40.41% |
| 2022 | -25.8% | -56.3% | -4.2% | 80.12% |
| 2021 | 22.5% | -27.2% | 537.8% | 24.77% |
| 2020 | 8.3% | -22.5% | 2181.7% | 72.17% |
| 2019 | 11.0% | -13.5% | 40.4% | 94.65% |
Total Return Ranking - Trailing
| Period | MSPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.2% | -25.4% | 48.4% | 20.53% |
| 1 Yr | 32.4% | -1.5% | 58.3% | 27.21% |
| 3 Yr | 9.0%* | -5.8% | 19.4% | 49.62% |
| 5 Yr | 14.9%* | -7.6% | 110.8% | 38.71% |
| 10 Yr | 12.9%* | -0.1% | 53.0% | 23.71% |
* Annualized
Total Return Ranking - Calendar
| Period | MSPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.3% | -5.0% | 47.4% | 61.32% |
| 2022 | -18.3% | -36.8% | -2.2% | 53.99% |
| 2021 | 28.4% | 3.0% | 537.8% | 28.32% |
| 2020 | 18.1% | -15.8% | 2266.0% | 41.00% |
| 2019 | 31.2% | -0.4% | 241.3% | 31.43% |
NAV & Total Return History
MSPIX - Holdings
Concentration Analysis
| MSPIX | Category Low | Category High | MSPIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.33 B | 2.34 M | 1.55 T | 51.40% |
| Number of Holdings | 507 | 2 | 3963 | 16.14% |
| Net Assets in Top 10 | 488 M | 880 K | 525 B | 50.66% |
| Weighting of Top 10 | 33.96% | 0.3% | 111.6% | 63.03% |
Top 10 Holdings
- Apple, Inc. 6.82%
- Microsoft Corp. 6.63%
- NVIDIA Corp. 6.14%
- Amazon.com, Inc. 3.65%
- Meta Platforms, Inc., Class A 2.22%
- Alphabet, Inc., Class A 2.15%
- Alphabet, Inc., Class C 1.80%
- Berkshire Hathaway, Inc., Class B 1.69%
- Broadcom, Inc. 1.49%
- Tesla, Inc. 1.37%
Asset Allocation
| Weighting | Return Low | Return High | MSPIX % Rank | |
|---|---|---|---|---|
| Stocks | 98.85% | 0.00% | 105.79% | 53.79% |
| Cash | 1.15% | 0.00% | 99.07% | 46.05% |
| Other | 0.00% | -13.91% | 100.00% | 32.62% |
| Preferred Stocks | 0.00% | 0.00% | 2.03% | 18.37% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 13.39% |
| Bonds | 0.00% | 0.00% | 93.85% | 19.93% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MSPIX % Rank | |
|---|---|---|---|---|
| Technology | 24.69% | 0.00% | 48.94% | 38.67% |
| Healthcare | 14.29% | 0.00% | 52.29% | 53.61% |
| Financial Services | 13.16% | 0.00% | 55.59% | 64.68% |
| Consumer Cyclical | 11.18% | 0.00% | 30.33% | 36.41% |
| Communication Services | 8.64% | 0.00% | 27.94% | 43.46% |
| Industrials | 8.30% | 0.00% | 29.90% | 62.92% |
| Consumer Defense | 7.33% | 0.00% | 47.71% | 32.47% |
| Energy | 4.17% | 0.00% | 41.64% | 46.22% |
| Real Estate | 2.92% | 0.00% | 31.91% | 40.35% |
| Utilities | 2.87% | 0.00% | 20.91% | 36.41% |
| Basic Materials | 2.44% | 0.00% | 25.70% | 58.39% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MSPIX % Rank | |
|---|---|---|---|---|
| US | 98.85% | 0.00% | 105.79% | 45.30% |
| Non US | 0.00% | 0.00% | 63.83% | 29.32% |
MSPIX - Expenses
Operational Fees
| MSPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.27% | 0.01% | 19.75% | 85.32% |
| Management Fee | 0.16% | 0.00% | 1.90% | 17.88% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| MSPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MSPIX 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.
| MSPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 5.00% | 0.00% | 268.00% | 11.53% |
MSPIX - Distributions
Dividend Yield Analysis
| MSPIX | Category Low | Category High | MSPIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.12% | 0.00% | 25.47% | 55.16% |
Dividend Distribution Analysis
| MSPIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MSPIX | Category Low | Category High | MSPIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.19% | -54.00% | 2.44% | 21.30% |
Capital Gain Distribution Analysis
| MSPIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 05, 2024 | $0.740 | OrdinaryDividend |
| Dec 05, 2024 | $0.077 | CapitalGainShortTerm |
| Dec 05, 2024 | $2.583 | CapitalGainLongTerm |
| Dec 06, 2023 | $0.702 | OrdinaryDividend |
| Dec 07, 2022 | $4.643 | OrdinaryDividend |
| Dec 02, 2021 | $2.759 | OrdinaryDividend |
| Dec 02, 2020 | $4.366 | OrdinaryDividend |
| Dec 03, 2019 | $1.031 | OrdinaryDividend |
| Dec 03, 2019 | $6.887 | CapitalGainLongTerm |
| Dec 03, 2018 | $0.038 | CapitalGainShortTerm |
| Dec 03, 2018 | $5.047 | CapitalGainLongTerm |
| Dec 03, 2018 | $0.903 | OrdinaryDividend |
| Dec 05, 2017 | $0.150 | CapitalGainShortTerm |
| Dec 05, 2017 | $6.355 | CapitalGainLongTerm |
| Dec 05, 2017 | $0.916 | OrdinaryDividend |
| Dec 28, 2016 | $0.408 | CapitalGainLongTerm |
| Dec 05, 2016 | $0.014 | CapitalGainShortTerm |
| Dec 05, 2016 | $2.923 | CapitalGainLongTerm |
| Dec 05, 2016 | $1.182 | OrdinaryDividend |
| Dec 07, 2015 | $0.058 | CapitalGainShortTerm |
| Dec 07, 2015 | $1.704 | CapitalGainLongTerm |
| Dec 07, 2015 | $0.857 | OrdinaryDividend |
| Dec 08, 2014 | $0.092 | CapitalGainLongTerm |
| Dec 08, 2014 | $0.740 | OrdinaryDividend |
| Dec 20, 2013 | $0.683 | OrdinaryDividend |
| Dec 11, 2012 | $0.575 | OrdinaryDividend |
| Dec 07, 2011 | $0.498 | OrdinaryDividend |
| Dec 13, 2010 | $0.448 | OrdinaryDividend |
MSPIX - Fund Manager Analysis
Managers
Francis Ok
Start Date
Tenure
Tenure Rank
Nov 01, 1996
25.59
25.6%
Francis Ok is a Managing Director at MacKay Shields LLC and has been with the firm or its predecessors since 1994. Mr. Ok is also responsible for managing and running the equity trading desk. He is a Senior Vice President, Head of Trading at Cornerstone. Francis is also a Lead Portfolio Manager, responsible for the firm’s Passive Equity index strategies. Prior to joining Cornerstone, he managed the trading desk at Monitor Capital Advisors LLC. He has over 22 years of industry experience and has been working in the investment industry since 1994. Francis received his BS in Economics from Northeastern University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.27 | 2.42 |
