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What is the MainStay Equity Index Fund?

April 26, 2017equity fund index mainstay

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What is the MainStay Equity Index Fund?

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Established in 1990, the MainStay Equity Index Fund, a series of The MainStay Funds, is designed to track the S&P 500 Index and guarantees that NYLIFE LLC will reimburse shareholders for any shortfall between the purchase price of their shares and the shares market price on the date exactly ten years after their investment The Fund has been closed to new investors and new investments since 2002.