MainStay MacKay International Equity Fund (MINEX)
The investment seeks long-term growth of capital. The fund normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities of foreign issuers. It invests in securities of companies which conduct business in a variety of countries, with a minimum of five countries other than the U.S. This includes countries with established economies as well as emerging market countries that the Subadvisor believes present favorable opportunities. The fund may also invest in exchange-traded funds ("ETFs").
Fund Info
| ISIN | US56062F8308 |
|---|---|
| CUSIP | 56062F830 |
| Issuer | New York Life Investments |
| Inception Date | Sep 12, 1994 |
| Category | Foreign Large Cap Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
MINEX has a high expense ratio of 2.29%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: MINEX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MainStay MacKay International Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 10.00% |
| 1 month | N/A | 2.41% |
| 6 months | N/A | 16.70% |
| 1 year | N/A | 26.85% |
| 5 years (annualized) | N/A | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of MINEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 7.44% | -3.08% | 2.46% | -0.31% | -3.65% | 2.50% | 0.71% | -7.66% | 101,508.81% | -0.04% | 97,153.93% | ||
| 2022 | -9.86% | -3.67% | 0.14% | -8.85% | -1.59% | -7.63% | 10.01% | -6.90% | -11.40% | 3.49% | 10.48% | -2.81% | -27.34% |
| 2021 | -1.91% | 0.06% | 2.58% | 4.19% | 1.29% | 1.75% | 2.24% | 4.22% | -5.57% | 3.67% | -4.54% | 2.68% | 10.53% |
| 2020 | -2.32% | -6.65% | -12.41% | 9.34% | 5.23% | 3.64% | 6.28% | 4.51% | -0.55% | -3.79% | 12.90% | 4.35% | 19.24% |
| 2019 | 6.29% | 1.66% | 1.92% | 1.39% | -5.77% | 6.35% | -0.89% | -0.62% | 1.53% | 2.47% | 3.48% | 3.69% | 23.02% |
| 2018 | 4.43% | -5.57% | 0.20% | 1.94% | 0.92% | 0.00% | 2.80% | 0.13% | -2.21% | -11.57% | 2.12% | -5.65% | -12.82% |
| 2017 | 4.49% | 2.48% | 2.18% | 4.11% | 3.95% | -0.58% | 2.94% | -0.00% | 2.43% | 1.32% | 1.24% | 2.65% | 30.68% |
| 2016 | -5.18% | -3.75% | 7.09% | -0.58% | 2.33% | -0.49% | 3.84% | -1.50% | 1.44% | -4.65% | -5.37% | 1.05% | -6.39% |
| 2015 | -0.17% | 5.65% | -1.44% | 2.51% | 0.63% | -2.28% | 1.20% | -7.30% | -0.77% | 5.52% | 1.96% | -0.88% | 4.04% |
| 2014 | -4.19% | 5.21% | 0.08% | 2.24% | 0.31% | 1.79% | -4.28% | 0.88% | -4.12% | -1.57% | 2.18% | -2.38% | -4.27% |
| 2013 | 1.74% | 0.18% | 1.35% | 2.48% | -1.21% | -3.15% | 5.69% | -1.71% | 4.96% | 1.57% | 0.00% | 1.22% | 13.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MainStay MacKay International Equity Fund (MINEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MainStay MacKay International Equity Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $3.70 | $0.92 | $0.59 | $0.19 |
Dividend yield | 0.00% | 0.00% | 17.80% | 4.15% | 3.02% | 1.18% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay MacKay International Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.70 | $3.70 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.92 | $0.92 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.59 |
| 2018 | $0.19 | $0.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the MainStay MacKay International Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MainStay MacKay International Equity Fund was 45.42%, occurring on Mar 9, 2009. Recovery took 2049 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.42% | Jul 13, 2007 | 416 | Mar 9, 2009 | 2049 | May 2, 2017 | 2465 |
| -45.15% | Jan 4, 2000 | 799 | Mar 12, 2003 | 695 | Dec 12, 2005 | 1494 |
| -40.76% | Feb 4, 2020 | 34 | Mar 23, 2020 | 176 | Dec 1, 2020 | 210 |
| -39.34% | Sep 8, 2021 | 279 | Oct 14, 2022 | 226 | Sep 11, 2023 | 505 |
| -24.27% | Jul 21, 1998 | 54 | Oct 5, 1998 | 63 | Jan 5, 1999 | 117 |
Volatility
Volatility Chart
The current MainStay MacKay International Equity Fund volatility is 1.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.