Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print MainStay Epoch US Equity Yield A  EPLPX Release date as of 2024-04-30. Data on page is subject to change. Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-04-30 Out of 1109 Large Value Funds Morningstar® Style Box™ What is this? As of 2024-03-31 Total Fund Assets ($ Mil) 972.39 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks current income and capital appreciation. The fund generally invests in a diversified portfolio consisting of equity securities of U.S. companies that have a history of attractive dividend yields and positive growth in operating cash flow. It invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities of dividend-paying U.S. companies across all market capitalizations. The fund may invest up to 15% of its net assets in foreign securities.

Morningstar Category: Large Value Large-value portfolios invest primarily in big U.S. companies that are less expensive or growing more slowly than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow).

Performance Growth of $10,000 (from 2014-01-01 to 2024-04-30) Investment: MainStay Epoch US Equity Yield A Benchmark 1: S&P 500 TR USD Benchmark 2: Russell 1000 Value TR USD Category: Large Value This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden. Total Annualized Returns % YTD 1 Year 3 Year 5 Year 10 Year Since Inception Investment 4.95 13.31 6.59 8.10 8.44 11.23 S&P 500 TR USD 6.04 22.66 8.06 13.19 12.41 14.30 Russell 1000 Value TR USD 4.33 13.42 5.17 8.60 8.43 11.37 Category 4.44 14.37 6.04 9.20 8.57 11.09 Morningstar Rating --- --- --- # of compared Large Value funds covered (3 yrs : out of 1109 funds) (5 yrs : out of 1049 funds) (10 yrs : out of 818 funds) Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods. Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown. Fees and Expenses Total Annual Operating Expense 1.06% Prospectus Net Expense Ratio 1.06% Maximum Sales Charge 5.50% The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio. Waiver Data Type Date % --- --- --- ---

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 95.1 Non-U.S. Stocks 3.4 Bonds 0.0 Cash 1.5 Other 0.0 Data through 2024-03-31 Morningstar Equity Sectors % of Stocks Cyclical 32.06 Basic Materials 4.55 Consumer Cyclical 4.58 Financial Services 18.28 Real Estate 4.65 Sensitive 38.57 Communication Services 4.84 Energy 5.74 Industrials 13.63 Technology 14.36 Defensive 29.36 Consumer Defensive 7.29 Healthcare 14.51 Utilities 7.56 Data through 2024-03-31 Holding Status Total Number of Stock Holdings 97 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 21.03 Turnover % (as of 2023-10-31) 19.00 30 Day SEC Yield % 1.81 Top Holdings Sector P/E % of Net Assets JPMorgan Chase & Co 11.57 2.53 Bank of America Corp 12.76 2.32 Eli Lilly and Co 117.11 2.26 Broadcom Inc 48.32 2.22 MetLife Inc 39.27 2.21 AbbVie Inc 48.40 2.09 Cummins Inc 54.85 2.04 Merck & Co Inc 143.58 2.01 UnitedHealth Group Inc 29.53 1.68 Iron Mountain Inc --- 1.67 Data through 2024-03-31

Principal Risks    Foreign Securities, Loss of Money, Not FDIC Insured, Capitalization, Value Investing, Market/Market Volatility, Equity Securities, Industry and Sector Investing, Shareholder Activity, Management Show Risk Definitions

Other Information Inception Date: 2009-02-03 Portfolio Manager(s) Michael A. Welhoelter   (2009-05-01) Mike is the Chief Administrative Officer, Co-Chief Investment Officer and Head of Risk Management for TD Epoch. Mike is responsible for integrating risk management into the investment process. Prior to joining the company in 2005, he was a director and portfolio manager in the Quantitative Strategies Group at Columbia Management Group, Inc. Before that, Mike was at Credit Suisse Asset Management Group (“CSAM”), where he was a portfolio manager in the Structured Equity group. Before joining CSAM, he was a portfolio manager and quantitative research analyst at Chancellor/LGT Asset Management. William W. Priest   (2009-05-01) Bill is Vice-Chair of Wealth, responsible for chairing TD's Wealth Strategy Committee created to develop TD Wealth's long-term corporate strategy. Bill is also the Chairman of the Board of Directors of TD Epoch and a portfolio manager for the company's high net worth clients. Prior to co-founding Epoch in 2004, Bill was a Co-Managing Partner and portfolio manager at Steinberg Priest & Sloane Capital Management, LLC for three years. Kera Van Valen   (2013-02-28) Kera is the lead portfolio manager for TD Epoch's Shareholder Yield strategies. Prior to joining the Shareholder Yield team, Kera was an analyst within the Quantitative Research and Risk Management team. Before joining the firm in 2005, she was a portfolio manager of Structured Equities and Quantitative Research at Columbia Management Group where she was responsible for the day-to-day management of two index funds. She also worked at Credit Suisse Asset Management. Kera received her BA in Mathematics at Colgate University and her MBA at Columbia University, Graduate School of Business. John M. Tobin   (2013-02-28) John is a portfolio manager for TD Epoch's Shareholder Yield strategies. Prior to joining the firm in 2012, John taught undergraduate economics as a lecturer at Fordham University. Before that he spent four years at HSBC Global Asset Management as a senior research analyst and almost twenty years at Credit Suisse Asset Management where he was a senior research analyst for the U.S. High Yield Bond team. Previously he worked at Bankers Trust Company where he began his career. John received AB, AM and PhD degrees in Economics from Fordham University. Investment Advisor(s) New York Life Investment Management LLC Issuer New York Life Investment Management LLC

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