MEOIX — MainStay MacKay Emerging Markets Equity Fund

MEOIX Fund Overview

MEOIX — MainStay MacKay Emerging Markets Equity Fund is a US mutual fund managed by New York Life Investments Funds Trust, categorised as Emerging Markets Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: New York Life Investments Funds Trust
• Category: Emerging Markets Blend / Core Equity
• Assets under management: $51.57M
• Ticker: MEOIX
• SEC CIK: 0001469192
• SEC series ID: S000042017
• Share class ID: C000130543

MEOIX Investment Objective and Strategy

MainStay MacKay Emerging Markets Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by New York Life Investments Funds Trust.

Investment objective

The Fund seeks long-term growth of capital.

Principal investment strategy

Under normal conditions, the Fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities issued by entities in, or tied economically to, emerging markets. The Fund may invest in securities issued by entities without regard to market capitalization, including smaller companies. These securities may be denominated in U.S. or non-U.S. currencies. The Fund may also invest in exchange-traded funds to obtain this exposure or for other investment purposes. MacKay Shields LLC, the Fund's Subadvisor, has discretion to determine the countries considered to be emerging market countries, including taking into consideration a variety of factors, such as the development of a country's financial and capital markets, inclusion of a country in an index representative of emerging markets, and such other factors as deemed by the Subadvisor to be appropriate.

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. 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 invest in American Depositary Receipts. The Fund may invest in futures. Investment Process: Using an objective, disciplined and broadly-applied process, the Subadvisor selects securities that it believes have the most potential to appreciate in value, while seeking to limit exposure to risk.

The Subadvisor also seeks to control the Fund's exposure to risk through, among other things, country, sector and industry constraints. These constraints may limit the Fund's ability to overweight or underweight particular sectors or industries relative to the Index. The Subadvisor will further seek to reduce risk by diversifying the Fund's portfolio over a large number of securities. The Subadvisor seeks to construct a broadly-diversified portfolio across countries, sectors and industries using quantitative analysis to identify undervalued and overvalued securities that the Subadvisor believes have a high probability of providing total returns greater than the Index. The Subadvisor uses a quantitative model that is designed to evaluate individual issuers and securities across valuation, momentum and market sentiment criteria.

The Subadvisor also conducts a qualitative review of the results of the quantitative analysis. In certain cases, the Subadvisor may deviate from positions or weightings suggested by the quantitative analysis to account for events and conditions that may not be quantifiable by the analysis, such as company-specific and market events. The Subadvisor regularly evaluates the quantitative model and, from time to time, the Subadvisor may adjust the metrics and data underlying its quantitative analysis for a variety reasons, including, without limitation, to account for changing market, financial or economic conditions. Based on quantitative and qualitative analysis, the Fund overweights, relative to the Index, equity securities that the Subadvisor believes have a high probability of providing a total return greater than the Index.

Also, the Fund will underweight securities that it believes are likely to underperform. The Fund may sell a security or reduce its position if it no longer believes the security will contribute to meeting the investment objective of the Fund, if better opportunities are identified, or if it determines the initial investment expectations are not being met.

MEOIX Costs and Fees

MEOIX costs about $117 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.17%
• Gross expense ratio: 1.54%
• Portfolio turnover: 167%
• Brokerage commissions: 28.38 bps of average net assets (SEC N-CEN)

MEOIX Cashflows

Over the 12 months to 2020-01, MainStay MacKay Emerging Markets Equity Fund had net outflows of $20.85M, from monthly SEC N-PORT filings.

MEOIX Debt Constituents

No individual debt constituents are reported in MainStay MacKay Emerging Markets Equity Fund's latest SEC N-PORT filing.

MEOIX Prospectus and SEC Filings

Official MainStay MacKay Emerging Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-03-21
• Prospectus (485BPOS) — filed 2018-03-21
• Prospectus supplement (497) — filed 2019-03-21
• Portfolio holdings (N-PORT) — filed 2020-03-26
• Portfolio holdings (N-PORT) — filed 2019-12-17
• Annual census (N-CEN) — filed 2020-01-10
• Annual census (N-CEN) — filed 2019-01-15

Related Funds

Other Emerging Markets Blend / Core Equity funds tracked on ABC INVEST:

• Strategic Advisers Fidelity Emerging Markets Fund (FGOMX)
• iShares MSCI South Korea ETF (EWY)
• Strategic Advisers Emerging Markets Fund (FSAMX)
• iShares MSCI Taiwan ETF (EWT)
• iShares MSCI Brazil ETF (EWZ)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.