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MainStay Marketfield Fund Class I

  • Symbol: MFLDX
  • No Transaction Fee No Transaction Fee 1
  • Closed to new investors

Morningstar® Snapshot*

AS OF 08/31/2015; MORNINGSTAR CATEGORY: Long/Short Equity
Returns 1 out of 5, Low Returns
Expenses 2 out of 5, Below Average Fees
Risk of this Category Category Risk Rating:4, where 1 is Lower and 10 is Higher

*Data provided by Morningstar.


 2 More Information
AS OF 8/31/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
YTD (Daily)* -7.33% 1 Yr -12.97% 3 Yr -0.23% 5 Yr +5.58% Life of Fund +5.55%
*AS OF 10/5/2015; Value is cumulative

Hypothetical Growth of $10,000

 3, 4 More Information
AS OF 08/31/2015; MORNINGSTAR CATEGORY: Long/Short Equity
Shows growth of hypothetical $10,000 investment in MainStay Marketfield Fund Class I compared to S&P 500,Long/Short Equity over the selected time period
MainStay Marketfield Fund Class I
Long/Short Equity

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
This Fund -- -- -- -12.88% 31.08% 14.32% 3.70% 13.50% 16.93% -12.31% -5.36%
Benchmark 4.91% 15.79% 5.49% -37.00% 26.46% 15.06% 2.11% 16.00% 32.39% 13.69% -2.88%
Category 4.77% 7.23% 4.42% -15.40% 10.46% 4.13% -2.81% 5.15% 14.62% 2.92% -1.80%
+/- Benchmark -- -- -- 24.12% 4.62% -0.74% 1.59% -2.50% -15.46% -26.00% -2.48%
+/- Category -- -- -- 2.52% 20.62% 10.19% 6.51% 8.35% 2.31% -15.23% -3.56%

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Fund Manager(s)

More Information
Michael C. Aronstein since 7/31/2007

Fund Overview


The investment seeks capital appreciation.


The fund seeks long-term growth of capital above that of the broad equity market over a full market cycle, with volatility that is lower than that of the broad equity market. In seeking to achieve the fund's investment objective, Marketfield Asset Management LLC, the fund's Subadvisor, allocates the fund's assets among investments in equity securities, fixed-income securities and other investment companies, including exchange-traded funds ("ETFs"), in proportions consistent with the Subadvisor's evaluation of their expected risks and returns.


Short positions pose a risk because they lose value as a security's price increases; therefore, the loss on a short sale is theoretically unlimited. The fund can invest in securities that may have a leveraging effect (such as derivatives and forward-settling securities) that may increase market exposure, magnify investment risks, and cause losses to be realized more quickly. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this product may be found in the prospectus or other product materials, if available.

Additional Disclosures

A mutual fund registered under Mainstay Funds Trust, and managed by New York Life Investment Management LLC. This description is only intended to provide a brief overview of the fund. Read the fund's prospectus for more detailed information about the fund.


More Information
Morningstar Category
Long/Short Equity
Fund Inception
Glossary definition opens in new window.Exp Ratio (Gross)
($24.70 per $1000)
Glossary definition opens in new window.Exp Ratio (Net)
($16.10 per $1000)
Minimum to Invest 5
Turnover Rate
Glossary definition opens in new window.Portfolio Net Assets ($M)
Glossary definition opens in new window.Share Class Net Assets ($M)

Top 10 Holdings

 7 More Information
AS OF 6/30/2015
Top 10 Holdings
S+p500 Emini Fut Sep15 Xcme 20150918 11.43%
H-Shares Idx Fut Jul15 Xhkf 20150730 5.28%
Cds7 Cds Usd R V 00mevent Us836205an45 5.17%
Cds7 Cds Usd P F 1.00000 Red Code 8b9825ad0 5.03%
iShares China Large-Cap 4.74%
iShares JPMorgan USD Emerg Markets Bond 4.38%
Merlin Properties SOCIMI SA 3.43%
Industrial Select Sector SPDR® ETF 3.41%
Bank Of China Ltd. H Shares 3.23%
iShares MSCI Japan 3.14%
% of Total Portfolio 49.25%
Total # of holdings: 118 as of 6/30/2015

Quarter-End Average Annual Total Returns

 3, 2 More Information
AS OF 6/30/2015; FUND INCEPTION 7/31/2007 Glossary definition opens in new window.

2.47% AS OF 4/30/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
MainStay Marketfield Fund Class I -10.91% 1.60% 5.96% -- 6.15%
S&P 500 7.42% 17.31% 17.34% 7.89% 6.81%
Long/Short Equity 0.34% 7.15% 7.24% 4.85% --
Glossary definition opens in new window.After Taxes on Distributions
MainStay Marketfield Fund Class I -10.91% 1.58% 5.93% -- 6.13%
Long/Short Equity -1.96% 5.72% 6.14% 3.93% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
MainStay Marketfield Fund Class I -6.18% 1.24% 4.66% -- 4.90%
Long/Short Equity -0.20% 4.96% 5.31% 3.53% --

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2015 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. No Transaction Fee funds are available without paying a transaction fee. No Transaction Fee funds will also be offered without a load or on a load waived basis. However, the fund may charge a short term trading fee or a redemption fee. Other fees and expenses, including those which apply to a continued investment in the fund, are described in the fund's current prospectus. Fidelity Brokerage Services LLC ("FBS"), or its affiliates, receives compensation in connection with (i) access to, purchase or redemption of, and/or maintenance of positions in mutual funds and other investment products ("funds"), (ii) platform infrastructure needed to support such funds as well as additional compensation for shareholder services, platform infrastructure support and maintenance, and other programs and/or (iii) a fund's attendance at events for FBS's clients and/or representatives, and opportunities for the fund to promote its products and services. This compensation may take the form of sales loads and 12b-1 fees described in the prospectus and/or additional compensation paid by the fund, its investment adviser or an affiliate. Additional information about the source(s) and amount(s) of this compensation as well as any other remuneration received by FBS or its affiliates will be furnished upon request.

2. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

3. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

4. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

5. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. Additional investments into Regular, IRA, and Group accounts are $250 or higher.

6. A standard yield calculation developed by the Securities and Exchange Commission for bond funds. The yield is calculated by dividing the net investment income per share earned during the 30-day period by the maximum offering price per share on the last day of the period. The yield figure reflects the dividends and interest earned during the 30-day period, after the deduction of the fund's expenses. It is sometimes referred to as "SEC 30-Day Yield" or "standardized yield".

7. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. They may not be representative of the fund's current or future investments. Some breakdowns may be intentionally limited to a particular asset class or other subset of the fund's entire portfolio, particularly in multi-asset class funds where the attributes of the equity and fixed income portions are different.

Under the asset allocation section, international (or foreign) assets may be reported differently depending on how an investment options reports its holdings. Some do not report international (or foreign) holdings here, but instead report them in a "Regional Diversification" section. Some report them in this section as an to the equity, bond and other allocation shown. Others report international (or foreign) holding as a subset of the equity and bond allocations shown. If the allocation without the foreign component (or round to) 100%, then international (or foreign) is a subset of the equity and bond percentage shown.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

Morningstar Category: Long/Short Equity
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