MainStay S&P 500 Index Fund Investor Class

Frequently Asked Questions About MYSPX

What does MYSPX invest in?

The fund's main goal is to mirror the overall return performance of the S&P 500® Index, which includes factoring in dividend reinvestments from the common stocks within it. Typically, it dedicates at least 80% of its capital (including any borrowed funds used for investments) to the equities that comprise the S&P 500, aiming to replicate their relative weights as accurately as practicable. Up to 20% of its total assets may also be invested in options and futures contracts, which are utilized strategically to maintain cash levels while staying fully invested, streamline trading activities, or minimize transaction costs.

What is the expense ratio of MYSPX?

MainStay S&P 500 Index Fund Investor Class (MYSPX) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MYSPX?

MainStay S&P 500 Index Fund Investor Class (MYSPX) manages $2.18B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is MYSPX actively managed or an index fund?

MYSPX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MYSPX's is 0.79%) because there's no security selection cost.

When was MYSPX launched?

MainStay S&P 500 Index Fund Investor Class (MYSPX) launched in February 2008 and is managed by New York Life / NYLI.

How has MYSPX performed?

MYSPX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.