Products June 17, 2013
MainStay Launches Retirement Share Class
June 17, 2013 (PLANSPONSOR.com) - MainStay Investments, a New York Life
company, is now offering many of its mutual funds as a non-revenue share class
(R6 Shares).
Reported by PLANSPONSOR staff
The new R6 Shares offer pricing structures that are more aligned with the retirement plan market and are available June 17, for the following funds:
- MainStay Epoch Global Equity Yield Fund;
- MainStay High Yield Corporate Bond Fund;
- MainStay ICAP Select Equity Fund;
- MainStay Large Cap Growth Fund (reopened to investors in the DCIO channel earlier this year); and
- MainStay Marketfield Fund.
“The announcement of the R6 share class reflects our commitment to offering MainStay Funds to the DCIO market,” said Tom Smythe, director and head of New York Life’s defined contribution investment-only channel (DCIO). “By allowing qualified plan sponsors to separate investment management fees from recordkeeping and administrative fees, the R6 share class broadens the number of qualified plans that can offer MainStay Funds.”
MainStay’s new R6 Shares will be offered at net asset value (NAV) without front-end sales charges, contingent deferred sales charges (CDSC), or 12b-1 fees.You Might Also Like:

Participants See the Benefits of Diversification Amid Pandemic
First quarter performance data shows well designed defined contribution retirement plans are doing a decent job at protecting the savings...

Products |
Investment Product and Service Launches
Aegon Asset Management Announces Global Integration; Avantis Investors Launches Additional Mutual Funds; and Vanguard Creates New International Bond Index Fund.

Confidence Remains in an Aging Bull Market
Both for novice individuals and sophisticated institutions, investor perceptions of preparedness for market turbulence can often differ from actual readiness.