Why does the MainStay MAP Fund have “I” shares?
This fund began operations in 1971 as the Mutual Benefit Fund, with A, B, and C shares. It was renamed MAP-Equity Fund in 1995, and then was reorganized as MainStay MAP Equity Fund Class I shares on June 9, 1999 (when MainStay assumed management of the fund). The fund was renamed MainStay MAP Fund in 2002. Class I shares are sold with no initial sales charge or contingent deferred sales charge, but with a higher minimum investment amount. Performance figures for MainStay MAP Fund Class I shares include the performance of MAP Fund from its inception (January 21, 1971).
Related Questions
- During 2010, I sold fund shares inherited from my parents. Will cost basis and gain/loss information from this sale be shown on my 2010 Average Cost Accounting Statement?
- Can a purchase of fund shares during the first 30 days of January 2011 create a wash sale that will affect 2010 cost basis reporting?
- If I purchased shares of PIMCO Low Duration Fund right before the change takes place will my trail be decreased on January 1, 2010?
