MainStay Large Cap Growth Fund Class A (MLAAX)
MainStay Large Cap Growth Fund Class A operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $9.28, up 0.87% on the session, giving a market capitalisation of $13.26B. On trailing twelve-month figures it carries a trailing P/E of -20.17, a net margin of -288.6%. Its beta of 1.26 implies it has historically moved more than the broad market.
The fund's primary goal is to deliver long-term capital appreciation. It primarily invests in large-capitalization companies, committing at least 80% of its total assets (which includes net assets and any borrowed funds for investment purposes) to these firms. A large-cap company is defined as one with a market capitalization exceeding $4 billion at the time of acquisition. While the Subadvisor largely focuses on domestic U.S. securities, the fund maintains the option to allocate up to 20% of its net assets to international investments. The classification of a security's issuer as either U.S. or foreign is typically based on its "country of risk," as determined by independent third-party providers like Bloomberg.
MainStay Large Cap Growth Fund Class A is most often compared with the following Financial Services names: