10- year periods and overall, as of April 30, 1999. This Fund enhances MainStay's lineup by providing an alternative investment process for 'value-oriented' stock investing. Markston has been quite successful at achieving long-term capital appreciation through value opportunities, even during a period when value investing has been out of favor,'' says Stephen Roussin, president of The MainStay Funds. Funds offered by MainStay cover most major asset categories, including equity, fixed income, high yield, and international. The Funds offer both active and quantitative management.
Past performance is no guarantee of future results.
Please read the prospectuses carefully before you invest or send money. Most MainStay funds are offered with more than one class of shares. When deciding whether to purchase a particular class of shares, investors should consider the services desired, the investment amount, anticipated holding period and other relevant factors. The assets and investment experience, policies and decisions of the Funds are independent of, and are not guaranteed by, New York Life Insurance Company. Morningstar proprietary ratings reflect risk-adjusted performance and are subject to change every month.