Current income is a secondary objective. To seek to maximize total return, consistent with liquidity, low risk to principal, and investment in debt securities. To seek to maximize total return, consistent with liquidity, preservation of capital, and investment in short-term debt securities. To seek a high level of current income while preserving capital and maintaining liquidity. These risks are likely to be greater for emerging markets than in developed markets.
Results assume the reinvestment of all capital gain and dividend distributions.
An investment cannot be made directly into an index. 2 Index funds seek to match their indices, unlike other funds which generally seek to beat an index or indices. 3 MSCI EAFE Index is an unmanaged index generally considered representative of the international stock market. 4 Salomon Smith Barney Broad Investment Grade Bond Index is an unmanaged index generally considered representative of the U.S. bond market. An investment in MainStay Institutional Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.