MainStay Retirement 2040 Fund

3 / 5 Stars
3 3 1 1 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
C (Hold)

U.S. News evaluated 52 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.

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The fund has returned 20.14 percent over the past year, 9.92 percent over the past three years, and 18.54 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 1.0%
1 Year 20.1%
3 Years (Annualized) 9.9%
5 Years (Annualized) 18.5%
10 Years (Annualized) N/A

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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 15% (within a range of 5% to 25%) of its assets in underlying fixed-income funds and approximately 85% (within a range of 75% to 95%) of its assets in Underlying Equity Funds. The underlying equity funds may consist of approximately 20% (within a range of 10% to 30%) of international equity funds.


Fees are Above Average compared to funds in the same category.
MainStay Retirement 2040 Fund has an expense ratio of 0.72 percent.

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Risk is Below Average compared to funds in the same category according to Morningstar.

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