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ICS1Z - MainStay ICAP Select Equity I

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MainStay ICAP Select Equity I (ICS1Z)
Expense Ratio: 0.90%
Expected Lifetime Fees: $27,080.06


The MainStay ICAP Select Equity I fund (ICS1Z) is a Large Value fund started on 12/31/1997 and has $3.60 billion in assets under management. The current manager has been running MainStay ICAP Select Equity I since 1/24/1998. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

Vanguard Value ETF (VTV)
Expense Ratio: 0.10%
Expected Lifetime Fees: $3,271.86


The Vanguard Value ETF (VTV) is an Exchange Traded Fund. It is a "basket" of securities that index the Large Value investment strategy and is an alternative to a Large Value mutual fund. Fees are very low compared to a comparable mutual fund like MainStay ICAP Select Equity I because computers automatically manage the stocks.




The Following Large Value Funds Have Lower Fees Than MainStay ICAP Select Equity I (ICS1Z). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
AllianceBern Growth & Income Adv CBBYX 72.0% 1,300 0.87%
AllianceBern Value Adv ABVYX 64.0% 360 0.79%
AllianceBern Value I ABVIX 64.0% 360 0.69%
Allianz NFJ Dividend Value Instl NFJEX 38.0% 7,600 0.71%
Allianz NFJ Large Cap Value Instl ANVIX 19.0% 772 0.76%
American Beacon Large Cap Value Fund Class Y ABLYX 90.0% 7,800 0.70%
American Beacon Lg Cap Value AMR AAGAX 90.0% 7,800 0.34%
American Beacon Lg Cap Value Inst AADEX 90.0% 7,800 0.59%
American Century Equity Income Instl ACIIX 115.0% 9,300 0.76%
American Century Income & Growth Inst AMGIX 42.0% 1,500 0.49%
American Century Income & Growth Inv BIGRX 42.0% 1,500 0.69%
American Century Large Co Val Instl ALVSX 56.0% 539 0.67%
American Century Large Co Val Inv ALVIX 56.0% 539 0.87%
American Century Value Instl AVLIX 62.0% 2,100 0.81%
American Funds American Mutual A AMRMX 23.0% 20,800 0.62%
American Funds American Mutual F-1 AMFFX 23.0% 20,800 0.66%
American Funds American Mutual F-2 AMRFX 23.0% 20,800 0.42%
American Funds American Mutual R4 RMFEX 23.0% 20,800 0.67%
American Funds American Mutual R5 RMFFX 23.0% 20,800 0.37%
American Funds American Mutual R6 RMFGX 23.0% 20,800 0.32%
American Funds Washington Mutual A AWSHX 25.0% 51,900 0.63%
American Funds Washington Mutual F-1 WSHFX 25.0% 51,900 0.66%
American Funds Washington Mutual F-2 WMFFX 25.0% 51,900 0.41%
American Funds Washington Mutual R4 RWMEX 25.0% 51,900 0.66%
American Funds Washington Mutual R5 RWMFX 25.0% 51,900 0.36%
American Funds Washington Mutual R6 RWMGX 25.0% 51,900 0.31%
BlackRock Basic Value Instl MABAX 64.0% 3,800 0.55%
BlackRock Basic Value Inv A MDBAX 64.0% 3,800 0.84%
BlackRock Equity Dividend Instl MADVX 5.0% 20,700 0.76%
BNY Mellon Income Stock M MPISX 72.3% 457 0.86%
Columbia Diversified Equity Income R5 RSEDX 36.0% 3,000 0.67%
Columbia Dividend Income Z GSFTX 20.0% 5,800 0.75%
Columbia Dividend Opportunity R5 RSDFX 105.0% 3,900 0.71%
Columbia Dividend Opportunity Z CDOZX 105.0% 3,900 0.86%
Columbia Equity Value R5 RSEYX 21.0% 570 0.80%
Columbia Large Cap Value Z NVLSZ 74.0% 723 0.86%
Columbia Large Cap Value Z NVLUX 74.0% 723 0.86%
Columbia Large Cap Value Z NVV1Z 74.0% 723 0.86%
Columbia Large Value Quantitative Z CVQZX 90.0% 239 0.87%
Delaware Value Inst DDVIX 24.0% 1,400 0.85%
DFA Tax-Managed US Marketwide Value DTMMX 20.0% 2,100 0.38%
DFA Tax-Managed US Marketwide Value II DFMVX 20.0% 849 0.23%
DFA US Large Cap Value I DFLVX 14.0% 7,400 0.28%
DFA US Large Cap Value III DFUVX 14.0% 1,900 0.14%
Diamond Hill Large Cap I DHLRX 16.0% 1,400 0.81%
Dodge & Cox Stock DODGX 16.0% 36,800 0.52%
DWS Equity Dividend Instl KDHIX 140.0% 1,200 0.85%
DWS Large Cap Value Inst KDCIX 34.0% 1,400 0.68%
DWS Large Cap Value S KDCSX 34.0% 1,400 0.68%
DWS Large Cap Value S SLC1Z 34.0% 1,400 0.68%
Eaton Vance Large-Cap Value I EILVX 41.0% 8,500 0.73%
Federated Strategic Value Dividend Instl SVAIX 17.0% 6,000 0.81%
Fidelity Advisor Equity Income I EQPIX 89.0% 2,000 0.74%
Fidelity Advisor Stock Selec Lg Cp Val A FLUAX 128.0% 468 0.87%
Fidelity Advisor Stock Selec Lg Cp Val I FLUIX 128.0% 468 0.60%
Fidelity Advisor Strategic Div & Inc I FSIDX 56.0% 2,400 0.83%
Fidelity Blue Chip Value FBCVX 141.0% 236 0.75%
Fidelity Equity Dividend Income FEQTX 82.0% 4,500 0.68%
Fidelity Equity-Income FEQIX 80.0% 8,300 0.68%
Fidelity Stock Selec Lg Cp Val FSLVX 128.0% 468 0.57%
Fidelity Strategic Dividend & Income FSDIX 56.0% 2,400 0.84%
Fifth Third Disciplined Lg Cp Val Instl FEINX 72.0% 163 0.75%
Frost Dividend Value Equity Inst FIDVX 82.0% 291 0.83%
Goldman Sachs Growth and Inc Instl GSIIX 60.0% 439 0.79%
Goldman Sachs Large Cap Value Inst GSLIX 91.0% 1,600 0.77%
Goldman Sachs Struct Large Cap Val I GCVIX 56.0% 476 0.55%
Hartford Dividend & Growth I HDGIX 30.0% 6,200 0.80%
Hartford Dividend & Growth R5 HDGTX 30.0% 6,200 0.75%
Hartford Dividend & Growth Y HDGYX 30.0% 6,200 0.66%
Hartford Equity Income I HQIIX 18.0% 1,600 0.84%
Hartford Equity Income R5 HQITX 18.0% 1,600 0.84%
Hartford Equity Income Y HQIYX 18.0% 1,600 0.73%
Hartford Value I HVFIX 16.0% 528 0.86%
Hartford Value R5 HVFTX 16.0% 528 0.80%
Hartford Value Y HVFYX 16.0% 528 0.74%
Homestead Value HOL1Z 6.0% 559 0.70%
Homestead Value HOVLX 6.0% 559 0.70%
ING Corporate Leaders Trust Series B LCX1Z 0.0% 709 0.59%
ING Corporate Leaders Trust Series B LEXCX 0.0% 709 0.59%
ING Large Cap Value I IEDIX 46.0% 229 0.80%
JHancock3 Disciplined Value I JVLIX 44.0% 2,500 0.89%
JHancock3 Disciplined Value I2 JVLTX 44.0% 2,500 0.85%
JPMorgan Value Advantage Instl JVAIX 33.0% 1,100 0.77%
JPMorgan Value Opportunities Inst JVOIX 63.0% 492 0.65%
Legg Mason ClearBridge Equity Inc Bldr I SOPYX 83.0% 4,000 0.83%
Legg Mason ClearBridge Large Cap Value I SAIFX 16.0% 676 0.67%
Loomis Sayles Value Y LSG1Z 29.0% 1,300 0.74%
Loomis Sayles Value Y LSGIX 29.0% 1,300 0.74%
Lord Abbett Affiliated A LAFFX 16.4% 6,400 0.84%
Lord Abbett Affiliated A LAFSZ 16.4% 6,400 0.84%
Lord Abbett Affiliated I LAFYX 16.4% 6,400 0.49%
LSV Conservative Value Equity LSVVX 16.0% 116 0.35%
LSV Value Equity LSVEX 19.0% 1,100 0.64%
Manning & Napier Dividend Focus I MNDFX 8.0% 123 0.60%
MFS Instl Large-Cap Value ILVAX 28.0% 132 0.65%
MFS Value I MEIIX 17.0% 19,000 0.69%
MFS Value R4 MEIJX 17.0% 19,000 0.69%
Mutual Beacon Z TBE1Z 51.4% 3,700 0.84%
Mutual Shares Z TES1Z 29.4% 13,100 0.86%
Neuberger Berman Large Cap Value Inst NBPIX 41.0% 1,700 0.69%
Neuberger Berman Large Cap Value Inv NPRTX 41.0% 1,700 0.85%
Northern Large Cap Value NOLVX 49.8% 110 0.85%
Nuveen Dividend Value I FAQIX 33.0% 1,100 0.89%
Oppenheimer Select Value Y OSVYX 125.0% 220 0.88%
Oppenheimer Value Y CGRYX 91.0% 2,200 0.58%
Payden Value Leaders PYVLX 167.0% 118 0.82%
Perkins Large Cap Value I JAPIX 43.0% 136 0.84%
Pioneer Cullen Value Y CVFYX 12.0% 3,900 0.78%
Pioneer Equity Income Y PYEQX 24.0% 1,100 0.75%
Pioneer Value Y PVFYX 84.0% 1,300 0.61%
Principal Equity Income Inst PEIIX 16.6% 3,800 0.52%
Putnam Equity Income Y PEIYX 71.0% 3,400 0.87%
Putnam Fund for Growth & Income Y PGIYX 45.0% 4,200 0.85%
RidgeWorth Large Cap Value Equity I STVTX 110.0% 2,100 0.83%
Robeco All Cap Val Instl BPAIX 47.0% 263 0.70%
Schwab Dividend Equity SWDSX 31.0% 1,400 0.89%
Schwab Fdmtl US Lg Co Idx SFLNX 11.0% 1,800 0.35%
Shelton Core Value Direct Shares EQTIX 13.0% 152 0.87%
T. Rowe Price Equity Income PRFDX 15.3% 22,300 0.68%
T. Rowe Price Instl Large Cap Value TILCX 19.3% 778 0.59%
T. Rowe Price Value TRVLX 53.0% 11,900 0.85%
TCW Dividend Focused I TGDFX 37.5% 593 0.86%
TIAA-CREF Enh Lg Cp Val Idx Inst TEVIX 114.0% 907 0.38%
TIAA-CREF Large-Cap Value Idx Inst TILVX 27.0% 893 0.08%
TIAA-CREF Large-Cap Value Idx Retire TRCVX 27.0% 893 0.33%
TIAA-CREF Large-Cap Value Instl TRLIX 68.0% 2,500 0.47%
TIAA-CREF Large-Cap Value Retail TCLCX 68.0% 2,500 0.83%
TIAA-CREF Large-Cap Value Retire TRLCX 68.0% 2,500 0.72%
Touchstone Value Institutional TVLIX 15.3% 111 0.85%
Vanguard Equity-Income Adm VEIRX 29.0% 7,900 0.22%
Vanguard Equity-Income Inv VEIPX 29.0% 7,900 0.31%
Vanguard High Dividend Yield Index Inv VHDYX 16.0% 4,700 0.25%
Vanguard Mega Cap 300 Value Index Instl VMVLX 24.0% 477 0.10%
Vanguard Russell 1000 Value Index Fund Institutional Shares VRVIX 39.0% 388 0.09%
Vanguard US Value Inv VUVLX 60.0% 504 0.31%
Vanguard Value Index Instl VIVIX 23.0% 15,800 0.08%
Vanguard Value Index Inv VIVAX 23.0% 15,800 0.24%
Vanguard Value Index Signal VVISX 23.0% 15,800 0.10%
Vanguard Windsor Adm VWNEX 49.0% 11,700 0.29%
Vanguard Windsor II Adm VWNAX 23.0% 34,600 0.27%
Vanguard Windsor II Investor VWNFX 23.0% 34,600 0.35%
Vanguard Windsor Investor VWNDX 49.0% 11,700 0.39%
Wells Fargo Advantage Discp US Core Adm EVSYX 64.0% 411 0.74%
Wells Fargo Advantage Large Co Val Adm WWIDX 35.0% 409 0.85%
Wells Fargo Advantage Large Co Val I WLCIX 35.0% 409 0.66%



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Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.

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