497 1 v471998_497.htm 497

 

THE MAINSTAY FUNDS

 

MainStay International Equity Fund
(the “Fund”)

 

Supplement dated August 1, 2017 (“Supplement”) to the
Summary Prospectus and Prospectus dated February 28, 2017, as supplemented

 

Capitalized terms and certain other terms used in this Supplement, unless otherwise defined in this Supplement, have the meanings assigned to them in the Prospectus.

 

Effective immediately, Edward Ramos will no longer serve as a portfolio manager of the Fund. All references to Mr. Ramos are deleted in their entirety. Ian Murdoch and Lawrence Rosenberg will join Carlos Garcia-Tunon as portfolio managers of the Fund.

 

1.The table in the section entitled “Management” of the Summary Prospectus and Prospectus with respect to the Fund is deleted in its entirety and replaced as follows:

 

Subadvisor Portfolio Managers Service Date
Cornerstone Capital Management Holdings LLC Carlos Garcia-Tunon, Vice President Since 2013
  Ian Murdoch, Vice President Since August 2017
  Lawrence Rosenberg, Vice President Since August 2017

 

2.In the section of the Prospectus entitled “Know With Whom You Are Investing,” the subsection entitled “Portfolio Manager Biographies,” is amended to add the following:

 

Ian Murdoch, CFA Mr. Murdoch is a Vice President at Cornerstone Holdings and has been a portfolio manager for MainStay International Equity Fund since August 2017.  Prior to joining the firm in 2011, Mr. Murdoch was a Research Analyst at MacKay Shields in the International Equity Division.  He received his BA from Columbia University. He has 17 years of investment experience.  He is a CFA® charterholder.
Lawrence Rosenberg, CFA Mr. Rosenberg is a Vice President at Cornerstone Holdings and has been a portfolio manager for MainStay International Equity Fund since August 2017.  Prior to joining the firm in 2011, Mr. Rosenberg was a Research Analyst at MacKay Shields in the International Equity Division.  He received his BS in Electrical Engineering from The Johns Hopkins University and obtained a Bachelor in Music from The Peabody Conservatory of Music. He has 19 years of investment experience.  He is a CFA® charterholder.

 

 

 

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE

 

 

 

 

THE MAINSTAY FUNDS

 

MainStay International Equity Fund
(the “Fund”)

 

Supplement dated August 1, 2017 (“Supplement”) to the
Statement of Additional Information dated February 28, 2017, as supplemented (“SAI”)

 

Capitalized terms and certain other terms used in this Supplement, unless otherwise defined in this Supplement, have the meanings assigned to them in the SAI.

 

Effective immediately, Edward Ramos will no longer serve as a portfolio manager of the Fund. All references to Mr. Ramos are deleted in their entirety. Ian Murdoch and Lawrence Rosenberg will join Carlos Garcia-Tunon as portfolio managers of the Fund.

 

1.The table beginning on page 95 is amended to add the following:

 

    NUMBER OF OTHER ACCOUNTS MANAGED
AND ASSETS BY ACCOUNT TYPE
  NUMBER OF ACCOUNTS AND ASSETS
FOR WHICH THE ADVISORY FEE
IS BASED ON PERFORMANCE
PORTFOLIO MANAGER FUNDS MANAGED BY PORTFOLIO MANAGER REGISTERED INVESTMENT COMPANY OTHER POOLED INVESTMENT VEHICLES OTHER
ACCOUNTS
  REGISTERED INVESTMENT COMPANY OTHER POOLED INVESTMENT VEHICLES OTHER ACCOUNTS
Ian Murdoch* MainStay International Equity Fund 0 0 0   0 0 0
Lawrence Rosenberg* MainStay International Equity Fund 0 0

3 Accounts

$1,259,464

  0 0 0

* The information presented for Messrs. Murdoch and Rosenberg is as of June 30, 2017.

 

 

2.The table beginning on page 99 is amended to add the following :

 

PORTFOLIO MANAGER   FUND   RANGE OF OWNERSHIP RANGE OF OWNERSHIP IN SIMILAR NVESTMENT STRATEGIES TOTAL RANGE OF OWNERSHIP
Ian Murdoch*   MainStay International Equity Fund   $100,001 - $500,000 $0 $100,001 - $500,000
Lawrence Rosenberg*   None   $0 $0 $0

* The information presented for Messrs. Murdoch and Rosenberg is as of June 30, 2017.

 

 

 

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE