MainStay Epoch Capital Growth Fund - Class A
MECDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 51 Madison Avenue New York NY United States of America 10010
- IPO Date
- Jul 6, 2016
- CIK
- 0001469192
- Website
- newyorklifeinvestments.com
- Similar Companies
- Business
- NYLI Epoch Capital Growth Fund (Class A: MECDX) is a mutual fund that seeks long-term capital appreciation by investing primarily in global equity securities of companies with a history of generating free cash flow and management teams committed to reinvesting that cash for capital growth; it emphasizes firms exhibiting attractive and persistent return on invested capital (ROIC) exceeding the cost of capital, with a diversified portfolio spanning geographic regions, market capitalizations across large-, mid-, and small-cap companies, and economic sectors; under normal circumstances, the fund allocates the majority of its assets and borrowings to equity securities, including those of emerging market issuers. The fund offers multiple share classes including Class A (MECDX), Investor Class, Class C, Class I, Class R6, and SIMPLE Class, each with varying sales charges, expense ratios (e.g., adjusted expense ratio of approximately 1.15% for Class A), and minimum investment requirements such as $15,000 initial for Class A shares; New York Life Investment Management LLC serves as the manager, with Epoch Investment Partners, Inc. acting as subadvisor employing a fundamental research-driven process focused on free-cash-flow analytics rather than traditional metrics. Headquartered in New York, New York, the fund operates within the global large-stock growth category as part of New York Life Investments Funds (formerly The MainStay Funds, rebranded around August 2024). Recent major changes include the appointment of Lin Lin, Managing Director at Epoch, as portfolio manager effective July 2024; the planned retirement of long-standing portfolio managers Michael A. Welhoelter and John M. Tobin effective December 31, 2024; the transition of William W. Priest from portfolio management around March 2024; and a contractual fee waiver and expense limitation agreement renewed through February 28, 2026, supporting performance such as the fund's receipt of the 2023 LSEG Lipper U.S. Award for consistent returns over 3- and 5-year periods in its category.