MainStay Funds Sales Charges and Commissions

 

   

Generally, Class A shares have a minimum initial investment amount of $15,000 per MainStay Fund (except for the MainStay ETF Asset Allocation Funds, which have a minimum initial investment amount of $2,500).



COMMISSIONS ON INVESTMENTS OF $1,000,000 OR MORE

Investment Amount Commission Percentage4
$1,000,000 to $4,999,999 1.00%
$5,000,000 to $9,999,999 0.75%
On any portion of $10,000,000 or more 0.50%
Purchase Amount Sales Charges1

Typical Dealer
Concession
Less than $50,000
 5.50% 4.75%
$50,000 to $99,999 4.50 4.00
$100,000 to $249,999 3.50 3.00
$250,000 to $499,999 2.50 2.00
$500,000 to $999,999 2.00 1.75
$1,000,000 or more None2 None3

   

   


COMMISSIONS ON INVESTMENTS OF $1,000,000 OR MORE

Investment Amount Commission Percentage4
$1,000,000 to $2,999,999 0.50%
$3,000,000 to $4,999,999 0.25%
On any portion of $5,000,000 or more 0.20%
Purchase Amount Sales Charges1

Typical Dealer
Concession
Less than $50,000
 1.50% 1.25%
$50,000 to $99,999 1.25 1.00
$100,000 to $249,999 1.00 0.75
$250,000 to $499,999 0.75 0.50
$500,000 to $999,999 0.50 0.25
$1,000,000 or more None2 None3

1. The sales charge you pay may differ slightly from the amounts listed here due to rounding calculations.


2. No sales charge applies on investments of $1 million or more. A contingent deferred sales charge of 1.00% may be imposed, however, on redemptions made within 18 months of the date of purchase on shares that were purchased without an initial sales charge.


3. The Distributor may pay a commission to financial intermediary firms on these purchases from its own resources. See applicable “Commissions on Investments of $1,000,000 or more” table.


4. Commissions are calculated on a calendar year basis. Such commissions are paid only on those purchases that were not previously subject to a front-end sales charge and dealer concession.

   

   

COMMISSIONS ON INVESTMENTS OF $250,000 OR MORE

Investment Amount Commission Percentage4
$1,000,000 to $4,999,999 1.00%
$5,000,000 to $9,999,999 0.75%
On any portion of $10,000,000 or more 0.50%

 

Purchase Amount Sales Charges1

Typical Dealer
Concession
Less than $100,000
 4.50% 4.00%
$100,000 to $249,999 3.50 3.00
$250,000 to $499,999 2.50 2.00
$500,000 to $999,999 2.00 1.75
$1,000,000 or more None2 None3

   

   

COMMISSIONS ON INVESTMENTS OF $250,000 OR MORE

Investment Amount Commission Percentage4
$250,000 to $4,999,999 1.00%
$5,000,000 to $9,999,999 0.75%
On any portion of $10,000,000 or more 0.50%
Purchase Amount Sales Charges1

Typical Dealer
Concession
Less than $100,000
 3.00% 2.75%
$100,000 to $249,999 2.00 1.75
$250,000 or more None5 None7

   

   

   

COMMISSIONS ON INVESTMENTS OF $250,000 OR MORE

Investment Amount

Commission Percentage4

On any portion of $250,000 or more

0.50%*
Purchase Amount Sales Charges1

Typical Dealer
Concession
Less than $100,000
 3.00% 2.75%
$100,000 to $249,999 2.00 1.75
$250,000 or more None5 None7

   

   

   

COMMISSIONS ON INVESTMENTS OF $250,000 OR MORE

Investment Amount Commission Percentage4
$250,000 to $4,999,999 1.00%
$5,000,000 to $9,999,999 0.75%
On any portion of $10,000,000 or more 0.50%
Purchase Amount Sales Charges1

Typical Dealer
Concession
Less than $100,000
 3.00% 2.75%
$100,000 to $249,999 2.00 1.75
$250,000 or more None5 None7

   

   

COMMISSIONS ON INVESTMENTS OF $250,000 OR MORE

Investment Amount Commission Percentage4
On any portion of $10,000,000 or more 0.50%
Purchase Amount Sales Charges1

Typical Dealer
Concession
Less than $250,000
 1.00% 1.00%
$250,000 or more None6 None7

5. No sales charge applies on investments of $250,000 or more. A contingent deferred sales charge of 1.00% may be imposed, however, on redemptions made within 18 months of the date of purchase on shares that were purchased without an initial sales charge.


6. No sales charge applies on investments of $250,000 or more. A contingent deferred sales charge of .50% may be imposed, however, on redemptions made within 12 months of the date of purchase on shares that were purchased without an initial sales charge.


7. The Distributor may pay a commission to financial intermediary firms on these purchases from its own resources. See applicable “Commissions on Investments of $250,000 or more” table.


* No sales charge applies on investments of $250,000 or more. A contingent deferred sales charge of 0.50% may be imposed, however, on redemptions made within 18 months of the date of purchase on shares that were purchased without an initial sales charge.

   

   

Generally, Investor Class shares will be available for shareholders with less than $15,000 to invest per MainStay Fund account.

   

COMMISSIONS ON INVESTMENTS OF $1,000,000 OR MORE

Investment Amount Commission Percentage11
$1,000,000 to $4,999,999 1.00%
$5,000,000 to $9,999,999 0.75%
On any portion of $10,000,000 or more 0.50%
Purchase Amount  Sales Charges8

Typical Dealer
Concession
Less than $50,000 5.00% 4.25%
$50,000 to $99,999 4.00 3.50
$100,000 to $249,999 3.00 2.50
$250,000 to $499,999 2.00 1.50
$500,000 to $999,999 1.50 1.25
$1,000,000 or more None9 None10

   

   

COMMISSIONS ON INVESTMENTS OF $1,000,000 OR MORE

Investment Amount Commission Percentage11
$1,000,000 to $2,999,999 0.50%
$3,000,000 to $4,999,999 0.25%
On any portion of $5,000,000 or more 0.20%
Purchase Amount  Sales Charges8

Typical Dealer
Concession
Less than $50,000 1.00% 0.75%
$50,000 to $99,999 0.75 0.50
$100,000 to $249,999 0.50 0.35
$250,000 to $499,999 0.25 0.25
$500,000 to $999,999 0.15 0.15
$1,000,000 or more None9 None10

8. The sales charge you pay may differ slightly from the amounts listed here due to rounding calculations.


9. No sales charge applies on investments of $1 million or more. A contingent deferred sales charge of 1.00% may be imposed, however, on redemptions made within 18 months of the date of purchase on shares that were purchased without an initial sales charge.


10. The Distributor may pay a commission to financial intermediary firms on these purchases from its own resources. See applicable “Commissions on Investments of $1,000,000 or more” table.


11. Commissions are calculated on a calendar year basis. Such commissions are paid only on those purchases that were not previously subject to a front-end sales charge and dealer concession.

   

   

   

COMMISSIONS ON INVESTMENTS OF $1,000,000 OR MORE

Investment Amount Commission Percentage11
$1,000,000 to $4,999,999 1.00%
$5,000,000 to $9,999,999 0.75%
On any portion of $10,000,000 or more 0.50%
Purchase Amount  Sales Charges8

Typical Dealer
Concession
Less than $100,000 4.00% 3.50%
$100,000 to $249,999 3.00 2.50
$250,000 to $499,999 2.00 1.50
$500,000 to $999,999 1.50 1.25
$1,000,000 or more None9 None10

   

   

COMMISSIONS ON INVESTMENTS OF $250,000 OR MORE

Investment Amount Commission Percentage11
$250,000 to $4,999,999 1.00%
$5,000,000 to $9,999,999 0.75%
On any portion of $10,000,000 or more 0.50%
Purchase Amount  Sales Charges8

Typical Dealer
Concession
Less than $100,000 2.50% 2.25%
$100,000 to $249,999 1.50 1.25
$250,000 or more None12 None14

   

   

   

COMMISSIONS ON INVESTMENTS OF $250,000 OR MORE

Investment Amount Commission Percentage11
$250,000 to $4,999,999 1.00%
$5,000,000 to $9,999,999 0.75%
On any portion of $10,000,000 or more 0.50%
Purchase Amount  Sales Charges8

Typical Dealer
Concession
Less than $100,000 2.50% 2.25%
$100,000 to $249,999 1.50 1.25
$250,000 or more None12 None14

   

   

COMMISSIONS ON INVESTMENTS OF $250,000 OR MORE

Investment Amount Commission Percentage11
On any portion of $250,000 or more 0.50%
Purchase Amount  Sales Charges8

Typical Dealer
Concession
Less than $250,000 0.50% 0.50%
$250,000 or more None13 None14

12. No sales charge applies on investments of $250,000 or more. A contingent deferred sales charge of 1.00% may be imposed, however, on redemptions made within 18 months of the date of purchase on shares that were purchased without an initial sales charge.


13. No sales charge applies on investments of $250,000 or more. A contingent deferred sales charge of 0.50% may be imposed, however, on redemptions made within 12 months of the date of purchase on shares that were purchased without an initial sales charge.


14. The Distributor may pay a commission to financial intermediary firms on these purchases from its own resources. See applicable “Commissions on Investments of $250,000 or more” table.

   


Class C shares are sold without an initial sales charge. However, if Class C shares are redeemed within one year of purchase (18 months with respect to MainStay Short Duration High Income Fund), a CDSC of 1.00% will be deducted from the redemption proceeds, except under circumstances described in the SAI. Additionally, Class C shares have higher ongoing distribution and/or service (12b-1) fees and, over time, these fees may cost you more than paying an initial sales charge. The Class C share CDSC and the higher ongoing distribution and/or service (12b-1) fees are paid to compensate the Distributor for its expenses in connection with the sale of Class C shares.


Class R1, Class R2 and Class R3 shares are sold at NAV and are available in certain individual retirement accounts and in certain retirement plans that have a service arrangement with New York Life Retirement Plan Services or the Distributor, including:

  • Section 401(a) and 457 plans;
  • Certain Section 403(b)(7) plans;
  • Section 401(k), profit sharing, money purchase pension, and defined benefit plans; and
  • Non-qualified deferred compensation plans.

Class R6 shares are sold at NAV and are available in certain employer-sponsored retirement plans, including the following, provided that in each case the plan trades on an omnibus level:

  • Section 401(a) and 457 plans;
  • Certain Section 403(b)(7) plans
  • Section 401(k), profit sharing, money purchase pension, and defined benefit plans; and
  • Non-qualified deferred compensation plans.

Must be preceded or accompanied by a current prospectus.


"New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. New York Life Investments,an indirect subsidiary of New York Life Insurance Company, located at 51 Madison Avenue, New York, New York 10010, provides investment advisory products and services.


The MainStay Funds® are managed by New York Life Investment Management LLC and distributed through NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302,a wholly owned subsidiary of New York Life Insurance Company. NYLIFE Distributors LLC is a Member FINRA/SIPC.