FLST FuelStream Inc (CE)

MAINSTAY FUNDS TRUST

 

MainStay Marketfield Fund

 

Supplement dated March 10, 2014 to the

Summary Prospectus and Prospectus, each dated May 1, 2013, as supplemented

 

At a meeting held on December 10-11, 2013, the Fund’s Board of Trustees approved proposals to change the Fund’s management fee structure. Accordingly, effective February 28, 2014, the following changes took effect:

 

Summary Prospectus and Prospectus

The table entitled “Fees and Expenses of the Fund” is restated to read as follows:

 

			Class A				Investor  Class				Class C				Class I				Class R2
Shareholder Fees (fees paid directly from your investment)
	Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)		5.50	%			5.50	%			None				None				None
	Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of the original offering price or redemption proceeds)		None	1			None	1			1.00	%			None				None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
	Management Fees (as an annual percentage of the Fund's average daily net assets) 2		1.39	%			1.39	%			1.39	%			1.39	%			1.39	%
	Distribution and/or Service (12b-1) Fees		0.25	%			0.25	%			1.00	%			None				0.25	%
	Other Expenses
	Dividend Expense on Securities Sold Short		0.81	%			0.82	%			0.81	%			0.80	%			0.81	%
	Broker Fees and Charges on Short Sales		0.28	%			0.28	%			0.28	%			0.28	%			0.29	%
	Remainder of Other Expenses		0.13	%			0.14	%			0.13	%			0.12	%			0.24	%
	Total Other Expenses		1.22	%			1.24	%			1.22	%			1.20	%			1.34	%
	Acquired (Underlying) Fund Fees and Expenses		0.07	%			0.07	%			0.07	%			0.07	%			0.07	%
	Total Annual Fund Operating Expenses 3		2.93	%			2.95	%			3.68	%			2.66	%			3.05	%

1.

A contingent deferred sales charge of 1.00% may be imposed on certain redemptions made within one year of the date of purchase on shares that were purchased without an initial sales charge.

 

2.

The management fee is as follows: 1.40% on assets up to $7.5 billion; 1.38% on assets from $7.5 billion up to $15 billion; and 1.36% on assets in excess of $15 billion.

 

3. Effective October 5, 2012, New York Life Investment Management LLC ("New York Life Investments") has contractually agreed to waive fees and/or reimburse expenses so that Total Annual Fund Operating Expenses (excluding taxes, interest, litigation, extraordinary expenses, brokerage and other transaction expenses relating to the purchase or sale of portfolio investments, and acquired (underlying) fund fees and expenses) for Class I shares do not exceed 1.56% of its average daily net assets. This agreement will be in effect for a two-year period unless extended by New York Life Investments and approved by the Board of Trustees.

 

 

 

The table entitled “Example” is restated to read as follows:

 

 

 

Expenses After		Class A			Investor		Class C					Class I		Class R2
					Class		Assuming no redemption			Assuming redemption at end of period
1 Year		$      830			$      832		$      370			$      470		$      269		$      308
3 Years		$   1,407			$   1,412		$   1,126			$   1,126		$      826		$      942
5 Years		$   2,008			$   2,017		$   1,902			$   1,902		$   1,410		$   1,601
10 Years		$   3,623			$   3,641		$   3,932			$   3,932		$   2,993		$   3,365

 

Prospectus Only

The following is added to the Prospectus section entitled “Know With Whom You Are Investing:”

 

New York Life Investment Management LLC has voluntarily agreed to waive a portion of its management fee so that the management fee will be 1.34% on assets over $22.5 billion. This voluntary waiver may be discontinued at any time.

 

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.

 

  MAINSTAY FUNDS TRUST

 

 

MainStay Marketfield Fund

 

Supplement dated March 10, 2014 to the

Class P Summary Prospectus and Prospectus, each dated May 31, 2013, as supplemented

 

At a meeting held on December 10-11, 2013, the Fund’s Board of Trustees approved proposals to change the Fund’s management fee structure. Accordingly, effective February 28, 2014, the following changes took effect:

 

Summary Prospectus and Prospectus

The table entitled “Fees and Expenses of the Fund” is restated to read as follows:

 

														Class P
Shareholder Fees (fees paid directly from your investment)
Maximum Sales Charge (Load) Imposed on Purchases    (as a percentage of offering price)														None
Maximum Deferred Sales Charge (Load) (as a percentage    of the lesser of the original offering price or redemption proceeds)														None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees (as an annual percentage of the Fund's average daily net assets) 1														1.39		%
Distribution and/or Service (12b-1) Fees														None
Other Expenses 2
Dividend Expense on Securities Sold Short 2														0.80		%
Broker Fees and Charges on Short Sales 2														0.28		%
Remainder of Other Expenses 2														0.12		%
Total Other Expenses 2														1.20		%
Acquired (Underlying) Fund Fees and Expenses														0.07		%
Total Annual Fund Operating Expenses														2.66		%

1. The management fee is as follows: 1.40% on assets up to $7.5 billion; 1.38% on assets from $7.5 billion up to $15 billion; and 1.36% on assets in excess of $15 billion.

 

2. Restated to reflect current fees.

 

 

 

The table entitled “Example” is restated to read as follows:

 

Expenses After													Class P
1 Year													$269
3 Years													$826
5 Years													$1,410
10 Years													$2,993

 

Prospectus Only

The following is added to the Prospectus section entitled “Know With Whom You Are Investing:”

 

New York Life Investment Management LLC has voluntarily agreed to waive a portion of its management fee so that the management fee will be 1.34% on assets over $22.5 billion. This voluntary waiver may be discontinued at any time.

 

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.

 

MAINSTAY FUNDS TRUST

 

MainStay Marketfield Fund

 

Supplement dated March 10, 2014 to the

Class R6 Summary Prospectus and Prospectus, each dated June 17, 2013, as supplemented

 

At a meeting held on December 10-11, 2013, the Fund’s Board of Trustees approved proposals to change the Fund’s management fee structure. Accordingly, effective February 28, 2014, the following changes took effect:

 

Summary Prospectus and Prospectus

The table entitled “Fees and Expenses of the Fund” is restated to read as follows:

 

														Class R6
Shareholder Fees (fees paid directly from your investment)
Maximum Sales Charge (Load) Imposed on Purchases    (as a percentage of offering price)														None
Maximum Deferred Sales Charge (Load) (as a percentage of    the lesser of the original offering price or redemption proceeds)														None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees (as an annual percentage of the Fund's average daily net assets) 1														1.39		%
Distribution and/or Service (12b-1) Fees														None
Other Expenses 2
Dividend Expense on Securities Sold Short 2														0.80		%
Broker Fees and Charges on Short Sales 2														0.28		%
Remainder of Other Expenses 2														0.04		%
Total Other Expenses 2														1.12		%
Acquired (Underlying) Fund Fees and Expenses														0.07		%
Total Annual Fund Operating Expenses														2.58		%

1. The management fee is as follows: 1.40% on assets up to $7.5 billion; 1.38% on assets from $7.5 billion up to $15 billion; and 1.36% on assets in excess of $15 billion.

 

2. Restated to reflect current fees.

 

 

 

The table entitled “Example” is restated to read as follows:

 

Expenses After													Class R6
1 Year													$261
3 Years													$802
5 Years													$1,370
10 Years													$2,915

 

Prospectus Only

The following is added to the Prospectus section entitled “Know With Whom You Are Investing:”

 

New York Life Investment Management LLC has voluntarily agreed to waive a portion of its management fee so that the management fee will be 1.34% on assets over $22.5 billion. This voluntary waiver may be discontinued at any time.

 

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.