Subadviser of two MainStay funds modify trigger to sell stock position

By Toni Weeks

San Diego, April 5 - The MainStay Large Cap Growth Fund and the MainStay VP Large Cap Growth Portfolio modified their principal investment strategy, according to a 497 filing with the Securities and Exchange Commission.

Under normal market conditions, the subadviser of each fund may sell some or all of its position in a stock when a stock becomes fully valued, the fundamental business prospects are deteriorating or the position exceeds limits that it sets.

Previously, the subadviser sold some or all of its position in a stock when a stock became fully valued or a position exceeded 5% of the fund or when the fundamental business prospects were deteriorating.

New York Life Investments serves as the funds' manager. Winslow Capital Management, Inc. serves as the subadviser to both funds.

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