| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
3
3
1
2
1
|
|
Zacks Investment Research
1
(Strong Buy)
|
|
Standard & Poor's
3 / 5 Stars
|
|
TheStreet.com
C-
(Hold)
|
#16 in Target Date 2036-2040
U.S. News evaluated 45 Target Date 2036-2040 Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 23.52 percent over the past year, 12.93 percent over the past three years, and 3.45 percent over the past five years.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 10.5% |
| 1 Year | 23.5% |
| 3 Years (Annualized) | 12.9% |
| 5 Years (Annualized) | 3.4% |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks to maximize total return over time consistent with its current investment allocation. The fund is a "fund of funds," meaning that it seeks to achieve its investment objective by investing primarily in mutual funds managed by New York Life Investments. It seeks to achieve its investment objective by normally investing approximately 14% (within a range of 9% to 19%) of its assets in underlying fixed-income funds and approximately 86% (within a range of 81% to 91%) of its assets in underlying equity funds. The underlying equity funds may consist of approximately 21% (within a range of 16% to 26%) of international equity funds.
Fees
Fees are Below Average compared to funds in the same category.
MainStay Retirement 2040 Fund has an expense ratio of 0.37 percent.
Risk
Risk is Below Average compared to funds in the same category according to Morningstar.
