MINNX — MainStay MacKay International Equity Fund
Data updated: 2023-09-26
MINNX — MainStay MacKay International Equity Fund. Emerging Markets Value Equity · $223.48M AUM. Holdings, fees, performance and SEC filings.
MINNX Fund Overview
MINNX — MainStay MacKay International Equity Fund is a US mutual fund managed by New York Life Investments Funds, categorised as Emerging Markets Value 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
- Category: Emerging Markets Value Equity
- Assets under management: $223.48M
- 1-year return: -2.3%
- Ticker: MINNX
- SEC CIK: 0000787441
- SEC series ID: S000006902
- Share class ID: C000060798
MINNX Investment Objective and Strategy
MainStay MacKay International Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by New York Life Investments Funds.
Investment objective
The Fund seeks long-term growth of capital.
Principal investment strategy
"The Fund invests in those companies that meet the quality and valuation criteria of MacKay Shields LLC, the Fund's Subadvisor. The Fund normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities of issuers, wherever organized, which operate mainly outside the U.S. The Fund 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"") to obtain this exposure or for other investment purposes. Investment Process : The Subadvisor seeks to identify investment opportunities through bottom-up analysis and fundamental research.
The Subadvisor performs research to identify reasonably priced companies with competitive market advantages that it believes are able to benefit from long-term market trends and that the Subadvisor believes are able to sustainably grow earnings over time regardless of economic climate. Allocations to countries and industries are also a result of the ""bottom-up"" stock selection process and, as a result, may deviate from the country and industry weightings in the benchmark. The Fund may not perform as well as its peers or benchmark during periods when the stock market favors the securities of businesses with low-quality earnings. Generally, the Fund seeks to limit its investments in securities of: (i) any one company; (ii) companies in the same industry; (iii) companies located in any one country; and (iv) companies located in emerging markets (currently limited to 25% of the Fund's assets measured at the time of investment).
The Subadvisor may sell a security if it no longer believes the security will contribute to meeting the investment objective of the Fund. In considering whether to sell a security, the Subadvisor may evaluate, among other things, whether the security has approached full valuation, if the investment thesis is invalidated, if superior opportunities to redeploy exist or emerge, or if industry group or country weights or individual positions need to be adjusted."
MINNX Performance
Total returns for MINNX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -2.3% |
| 3 years (annualised) | 0.8% |
MINNX Risk Information
Risk metrics for MINNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.8%
MINNX Costs and Fees
MINNX costs about $154 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.54%
- Gross expense ratio: 1.72%
- Portfolio turnover: 94%
- Brokerage commissions: 26.62 bps of average net assets (SEC N-CEN)
MINNX Cashflows
Over the 12 months to 2023-07, MainStay MacKay International Equity Fund had net outflows of $113.75M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-07 | $439.66K |
| 2023-06 | −$93.28M |
| 2023-05 | −$3.97M |
| 2023-04 | −$2.23M |
| 2023-03 | −$1.10M |
| 2023-02 | −$661.36K |
MINNX Debt Constituents
No individual debt constituents are reported in MainStay MacKay International Equity Fund's latest SEC N-PORT filing.
MINNX Prospectus and SEC Filings
Official MainStay MacKay International Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-02-23
- Prospectus (485BPOS) — filed 2022-02-25
- Prospectus supplement (497) — filed 2021-04-26
- Portfolio holdings (N-PORT) — filed 2023-09-26
- Portfolio holdings (N-PORT) — filed 2023-06-27
- Portfolio holdings (N-PORT) — filed 2023-03-29
- Annual census (N-CEN) — filed 2023-01-13
- Annual census (N-CEN) — filed 2022-01-12
Related Funds
Other Emerging Markets Value Equity funds tracked on ABC INVEST:
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.