MainStay Funds Income Tax Information Notice



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The information contained in this brochure is being furnished to shareholders of the MainStay Funds for informational purposes only. Please consult your own tax advisor, who will be most familiar with your own circumstances and the laws of your home state, to determine how to report this information on your tax returns. If, however, you have any questions about your account, please call MainStay Shareholder Services toll-free at 800-MAINSTAY (624-6782) MainStay Funds Tax Information Notice Calendar Year 2012 The MainStay Funds are managed by New York Life Investment Management LLC and distributed through NYLIFE Distributors LLC, 169 Lackawanna Avenue, Parsippany, NJ 07054, a wholly owned subsidiary of New York Life Insurance Company. NYLIFE Distributors LLC is a Member FINRA/SIPC. MainStay Investments is a service mark and name under which New York Life Investment Management LLC does business. MainStay Investments, an indirect subsidiary of New York Life Insurance Company, New York, NY 10010, provides investment advisory products and services. mainstayinvestments.com MS34-01/13 NYLIM-28692 MS249-12 00090477 This brochure contains important tax information. Please keep it for your records.

MainStay High Yield Municipal Bond Fund, MainStay New York Tax Free Opportunities Fund, and MainStay Tax Free Bond Fund Federal Tax Reporting: Calendar Year 2012 For the calendar year 2012, a majority of the dividends from net investment income paid to shareholders of MainStay High Yield Municipal Bond Fund and MainStay Tax Free Bond Fund are tax-exempt dividends that are treated as interest exempt from federal income taxes under section 103(a) of the Internal Revenue Code. However, the Funds, as discussed in the prospectus, earned taxable income due to market discount on securities held in the Funds portfolios during the year. This income and your federally tax-exempt dividends are reported to you on your 1099-DIV tax form. Although the exempt portion of the dividends is exempt from federal income taxation, you must report the total amount of your federally tax-exempt dividends on line 8b of IRS Form 1040. Alternative Minimum Tax: Tax-exempt dividends derived from private activity bonds are not taxable for most investors. If you are subject to the Alternate Minimum Tax (AMT), dividends received from these bonds are considered a tax preference. The percentage of income subject to AMT that MainStay High Yield Municipal Bond Fund paid to shareholders for the calendar year 2012 is 5.5%. The percentage of income subject to AMT that MainStay Tax Free Bond Fund paid to shareholders for the calendar year 2012 is 2.5%. You should multiply this percentage by the total income dividends you received to determine AMT income for the year. State Tax Reporting: Depending on your state s/jurisdiction s tax laws, you may be able to exempt the interest income earned by a fund on securities issued by your state/ jurisdiction. You should check with your state/local tax office to determine the exact requirements. The tables below show the percentage of each Fund s dividend earned from securities of each state/jurisdiction. This percentage should be multiplied by the amount of tax-exempt dividends as reported on your 1099-DIV, Box 10. MainStay High Yield Municipal Bond Fund State Percentage State Percentage State Percentage Alabama 4.7% Kentucky 0.3% Ohio 5.7% Alaska 0.7% Louisiana 1.5% Oklahoma 1.1% Arizona 1.3% Maine 0.1% Oregon 0.2% Arkansas 0.3% Maryland 1.2% Pennsylvania 6.3% California 15.9% Massachusetts 1.4% Puerto Rico 0.3% Colorado 2.4% Michigan 5.7% Rhode Island 1.4% Connecticut 0.3% Minnesota 0.4% South Carolina 0.2% Delaware 0.1% Mississippi 0.2% South Dakota 0.0% District of Columbia 1.3% Missouri 1.4% Tennessee 0.1% Florida 3.0% Montana 0.0% Texas 10.1% Georgia 0.8% Nebraska 1.7% Utah 0.4% Guam 2.8% Nevada 1.1% Vermont 0.3% Hawaii 0.1% New Hampshire 0.6% Virginia 2.6% Idaho 0.0% New Jersey 6.2% Virgin Islands 0.1% Illinois 1.9% New Mexico 0.0% Washington 0.7% Indiana 3.9% New York 4.9% West Virginia 0.5% Iowa 2.6% North Carolina 0.0% Wisconsin 0.7% Kansas 0.3% North Dakota 0.0% Wyoming 0.2% None of the tax-exempt dividends from MainStay High Yield Municipal Bond Fund qualifies for an exemption in California, Minnesota, and New Jersey due to state restrictions. 2

MainStay Tax Free Bond Fund State Percentage State Percentage State Percentage Alabama 1.2% Kentucky 0.3% Ohio 1.9% Alaska 0.0 Louisiana 4.8 Oklahoma 0.0 Arizona 0.7 Maine 0.0 Oregon 0.0 Arkansas 0.0 Maryland 0.0 Pennsylvania 3.3 California 27.6 Massachusetts 3.4 Puerto Rico 1.0 Colorado 1.5 Michigan 7.5 Rhode Island 0.1 Connecticut 1.3 Minnesota 0.0 South Carolina 1.1 Delaware 0.0 Mississippi 0.9 South Dakota 0.0 District of Columbia 0.4 Missouri 0.6 Tennessee 1.6 Florida 3.2 Montana 0.0 Texas 10.5 Georgia 2.0 Nebraska 1.4 Utah 0.2 Guam 0.2 Nevada 0.5 Vermont 0.1 Hawaii 0.7 New Hampshire 0.1 Virginia 0.0 Idaho 0.0 New Jersey 7.8 Virgin Islands 2.2 Illinois 1.9 New Mexico 0.0 Washington 0.1 Indiana 1.6 New York 5.8 West Virginia 0.0 Iowa 0.0 North Carolina 0.7 Wisconsin 0.8 Kansas 0.3 North Dakota 0.5 Wyoming 0.2 None of the tax-exempt dividends from MainStay Tax Free Bond Fund qualifies for an exemption in California, Minnesota, and New Jersey due to state restrictions. MainStay New York Tax Free Opportunities Fund The information below summarizes the percentage of exempt interest income received by MainStay New York Tax Free Opportunities Fund. These percentages may be useful in completing your state tax return. In addition, the percentage of income that represents a tax preference item (relating to taxexempt interest income from certain private activity bonds) for federal Alternative Minimum Tax ( AMT ) purposes is also included. Your portion of the exempt-interest income has been included on your Form 1099-DIV. Shareholders are urged to consult their tax advisor concerning the application of this information. Primary Primary U.S. Territories & Other Fund Name State State % Possessions % States % Total % AMT % MainStay New York Tax Free Opportunities Fund New York 86.9% 13.1% 0.0% 100.0% 2.0% Information Specific to New York Shareholders The Fund s dividends are generally expected to be exempt from federal and New York state and, in some cases, New York local income tax. 3

Foreign Tax Information Calendar Year 2012 Certain income earned by MainStay 130/30 International Fund, MainStay Epoch Global Choice Fund, MainStay Epoch International Small Cap Fund, MainStay ICAP Global Fund, MainStay ICAP International Fund, and MainStay International Equity Fund is withheld as income taxes by the countries in which it is earned. Whenever possible, the Funds intend to pass these foreign tax payments on to shareholders in the form of a foreign tax credit or payment. Included on your Form 1099-DIV for the Fund is your proportionate amount of foreign taxes paid (Box 6). You may claim this amount either as an itemized deduction on Schedule A of Form 1040 or as a foreign tax credit on Form 1116. We suggest that you consult a tax advisor to determine which method is more appropriate for you. If you choose to take a foreign tax credit, you may be eligible to use the simplified method of reporting your credit directly on Form 1040, line 47 if you owned the shares for more than 15 days before or after the Fund s ex-dividend date and meet the following Internal Revenue Service (IRS) criteria: * Your foreign income was from passive sources only, such as dividends and interest. * The total of your foreign taxes paid from all sources does not exceed $300 ($600 for a joint return). The table below will assist you in completing Form 1116 if you are not eligible for the simplified reporting method. If you are required to report foreign taxes paid by country, multiply the amount in Box 6 of Form 1099-DIV by each country s tax factor in the table below. Because of lower U.S. tax rates on qualified dividends, special rules apply in determining the foreign tax credit limitation for qualified dividend income. Please consult your tax advisor regarding the appropriate treatment of foreign source income. MainStay 130/30 International Fund To calculate foreign source income, multiply the amount in Box 1a of your Form 1099-DIV by 98.85%. To calculate foreign source income by country, multiply foreign source income by the % provided above. To calculate qualified foreign source income, multiply foreign source income by the Total % provided above of 95.04%. To calculate qualified foreign source income by country, multiply foreign source income by each country s % provided above. Australia 0.00% 13.70% 13.70% 2.10% Austria 0.00 0.85 0.85 1.81 Belgium 0.00 0.61 0.61 1.30 Bermuda 1.17 0.00 1.17 0.00 Brazil 0.00 0.46 0.46 0.23 Cayman Islands 1.67 0.00 1.67 0.00 China 0.00 0.86 0.86 1.22 Columbia 0.00 0.12 0.12 0.00 Cyprus 0.00 0.19 0.19 0.00 Denmark 0.00 0.94 0.94 1.99 Egypt 0.00 0.09 0.09 0.00 Finland 0.00 0.85 0.85 1.81 France 0.00 7.87 7.87 16.35 Germany 0.00 6.32 6.32 10.85 Great Britain 0.00 19.52 19.52 0.00 Greece 0.00 0.38 0.38 1.33 Guernsey, C.I. 0.07 0.00 0.07 0.00 Hong Kong 0.00 1.03 1.03 0.00 Hungary 0.00 0.05 0.05 0.00 India 0.00 0.20 0.20 0.00 Isle of Man 0.01 0.00 0.01 0.00 Israel 0.00 0.80 0.80 1.68 Italy 0.00 3.66 3.66 7.76 Japan 0.00 17.55 17.55 17.37 Jersey, C.I. 0.10 0.00 0.10 0.00 Korea, Republic of 0.00 0.91 0.91 2.15 Malaysia 0.01 0.00 0.01 0.00 Mexico 0.00 0.03 0.03 0.00 4

MainStay 130/30 International Fund-cont d Netherlands 0.00% 3.43% 3.43% 7.28% New Zealand 0.00 0.49 0.49 1.04 Norway 0.00 2.02 2.02 7.14 Poland 0.00 0.51 0.51 1.07 Russian Federation 0.00 0.26 0.26 0.58 Singapore 1.93 0.00 1.93 0.00 South Africa 0.00 0.46 0.46 0.44 Spain 0.00 2.94 2.94 1.85 Sweden 0.00 0.73 0.73 1.52 Switzerland 0.00 6.45 6.45 9.81 Taiwan 0.00 0.18 0.18 0.51 Thailand 0.00 0.42 0.42 0.60 Turkey 0.00 0.16 0.16 0.21 Total Foreign 4.96% 95.04% 100.00% 100.00% MainStay Epoch Global Choice Fund To calculate foreign source income, multiply the amount in Box 1a of your Form 1099-DIV by 63.26%. To calculate foreign source income by country, multiply foreign source income by the % provided above. To calculate qualified foreign source income, multiply foreign source income by the Total % provided above of 82.60%. To calculate qualified foreign source income by country, multiply foreign source income by each country s % provided above. Belgium 0.00% 4.92% 4.92% 9.97% Bermuda 13.09 0.00 13.09 0.00 France 0.00 12.18 12.18 24.54 Germany 0.00 9.39 9.39 18.82 Great Britain 0.00 35.94 35.94 0.00 Israel 0.00 4.88 4.88 14.61 Jersey, C.I. 4.31 0.00 4.31 0.00 Luxembourg 0.00 10.96 10.96 22.22 Taiwan 0.00 3.56 3.56 9.63 Virgin Islands, British 0.00 0.76 0.76 0.00 Total Foreign 17.40% 82.60% 100.00% 99.79% 5

MainStay Epoch International Small Cap Fund To calculate foreign source income, multiply the amount in Box 1a of your Form 1099-DIV by 100%. To calculate foreign source income by country, multiply foreign source income by the % provided above. To calculate qualified foreign source income, multiply foreign source income by the Total % provided above of 87.68%. To calculate qualified foreign source income by country, multiply foreign source income by each country s % provided above. Australia 0.00% 4.54% 4.54% 3.37% Austria 0.00 1.13 1.13 2.40 Belgium 0.00 4.97 4.97 3.00 Bermuda 5.99 0.00 5.99 0.00 Brazil 0.00 2.47 2.47 3.07 Canada 0.00 5.22 5.22 11.03 Cayman Islands 4.07 0.00 4.07 0.00 China 0.00 0.27 0.27 0.38 Denmark 0.00 0.98 0.98 2.07 France 0.00 7.12 7.12 14.49 Germany 0.00 4.35 4.35 9.19 Great Britain 0.00 25.11 25.11 0.00 Hong Kong 0.00 1.36 1.36 0.00 Ireland 0.00 0.46 0.46 0.00 Isle of Man 2.26 0.00 2.26 0.00 Italy 0.00 3.88 3.88 7.98 Japan 0.00 11.45 11.45 11.29 Korea, Republic of 0.00 1.89 1.89 4.95 Luxembourg 0.00 0.54 0.54 1.14 Netherlands 0.00 4.72 4.72 9.98 Norway 0.00 0.89 0.89 3.12 Philippines 0.00 0.49 0.49 2.05 Spain 0.00 0.31 0.31 0.66 Switzerland 0.00 3.30 3.30 3.49 Taiwan 0.00 2.25 2.25 6.34 12.32% 87.68% 100.00% 100.00% 6

MainStay ICAP Global Fund To calculate foreign source income, multiply the amount in Box 1a of your Form 1099-DIV by 62.28%. To calculate foreign source income by country, multiply foreign source income by the % provided above. To calculate qualified foreign source income, multiply foreign source income by the Total % provided above of 95.02%. To calculate qualified foreign source income by country, multiply foreign source income by each country s % provided above. Brazil 0.00% 3.14% 3.14% 4.95% Canada 0.00 1.25 1.25 2.16 China 0.00 1.03 1.03 1.18 France 0.00 11.40 11.40 20.97 Germany 0.00 3.52 3.52 6.07 Great Britain 0.00 16.51 16.51 0.00 Hong Kong 0.00 0.62 0.62 0.00 Ireland 0.00 2.07 2.07 0.00 Italy 0.00 9.81 9.81 16.91 Japan 0.00 18.86 18.86 15.17 Korea, Republic of 0.00 0.41 0.41 0.79 Netherlands 0.00 2.47 2.47 1.03 Norway 0.00 2.60 2.60 7.46 Portugal 0.00 5.52 5.52 9.51 Singapore 4.98 0.00 4.98 0.00 Spain 0.00 2.29 2.29 2.20 Switzerland 0.00 13.52 13.52 11.60 Total Foreign 4.98% 95.02% 100.00% 100.00% MainStay ICAP International Fund To calculate foreign source income, multiply the amount in Box 1a of your Form 1099-DIV by 99.99%. To calculate foreign source income by country, multiply foreign source income by the % provided above. To calculate qualified foreign source income, multiply foreign source income by the Total % provided above of 95.68%. To calculate qualified foreign source income by country, multiply foreign source income by each country s % provided above. Brazil 0.00% 1.78% 1.78% 2.70% Canada 0.00 3.22 3.22 5.29 Cayman Islands 1.16 0.00 1.16 0.00 China 0.00 0.72 0.72 0.79 France 0.00 17.76 17.76 28.72 Germany 0.00 8.76 8.76 14.39 Great Britain 0.00 18.67 18.67 0.00 Hong Kong 0.00 1.21 1.21 0.00 Italy 0.00 8.29 8.29 13.62 Japan 0.00 14.64 14.64 11.22 Korea, Republic of 0.00 0.39 0.39 0.71 Netherlands 0.00 2.85 2.85 1.22 Norway 0.00 2.32 2.32 6.34 Portugal 0.00 2.83 2.83 4.65 Singapore 3.16 0.00 3.16 0.00 Spain 0.00 3.27 3.27 3.15 Switzerland 0.00 8.95 8.95 7.20 Total Foreign 4.32% 95.68% 100.00% 100.00% 7

MainStay International Equity Fund To calculate foreign source income, multiply the amount in Box 1a of your Form 1099-DIV by 99.51%. To calculate foreign source income by country, multiply foreign source income by the % provided above. To calculate qualified foreign source income, multiply foreign source income by the Total % provided above of 85.15%. To calculate qualified foreign source income by country, multiply foreign source income by each country s % provided above. Australia 0.00% 4.21% 4.21% 0.00% Bermuda 10.28 0.00 10.28 0.00 Brazil 0.00 2.09 2.09 0.32 Canada 0.00 5.66 5.66 11.15 China 0.00 2.05 2.05 2.69 Czech Republic 0.00 2.97 2.97 5.86 Denmark 0.00 4.95 4.95 9.76 France 0.00 3.22 3.22 6.02 Germany 0.00 9.94 9.94 19.30 Great Britain 0.00 23.21 23.21 0.00 India 0.00 0.22 0.22 0.00 Israel 0.00 3.73 3.73 10.60 Japan 0.00 7.25 7.25 6.66 Jersey, C.I. 4.56 0.00 4.56 0.00 South Africa 0.00 1.15 1.15 0.00 Sweden 0.00 11.80 11.80 23.25 Switzerland 0.00 1.27 1.27 2.50 Thailand 0.00 1.44 1.44 1.89 Total Foreign 14.85% 85.15% 100.00% 100.00% U.S. Government Obligations Investments Calendar Year 2012 Many state and local municipalities allow taxpayers to exclude from their state taxable income the portion of their mutual fund dividends derived from direct obligations of the U.S. government. The table below provides the percentage of each respective Fund s ordinary distribution derived from such obligations that may be of use to you depending on the tax laws prescribed within your individual state or local taxing authority. The appropriate percentage from Column A should be applied to the total dividends reported to you in Box 1a of Form 1099-DIV. Fund COLUMN A U.S. Government Fund COLUMN A U.S. Government MainStay Balanced Fund 7.1% MainStay Indexed Bond Fund 12.6 MainStay Cash Reserves Fund 3.3 Mainstay Intermediate Term Bond Fund 3.8 MainStay Equity Index Fund 0.1 MainStay Money Market Fund 14.3 MainStay Flexible Bond Opportunities Fund 0.2 Mainstay Principal Preservation Fund 13.2 MainStay Floating Rate Fund 0.1 MainStay S&P 500 Index Fund 0.2 MainStay Government Fund 7.3 MainStay Short Term Bond Fund 19.7 MainStay Builder Fund 1.0 None of the Funds listed above met the minimum state portfolio holding requirements which allow shareholders in California, Connecticut, and New York to exclude from state and local taxes that portion of income dividends paid by the Fund derived from federal obligations. 8

Fund of Funds Foreign Tax Information Under the Regulated Investment Company Modernization Act of 2010, any qualified Fund of Funds will be permitted to pass through foreign tax credits it received from its underlying investments. A list of qualified MainStay Asset Allocation Funds passing through foreign tax credits for the tax year ended December 31, 2012, appears below. If you own one of the MainStay Retirement Funds in a nonqualified account, please visit mainstayinvestments.com/taxcenter for information regarding foreign tax credits. MainStay Conservative Allocation Fund To calculate foreign source income, multiply the amount in Box 1a of your Form 1099-DIV by 100.00%. To calculate foreign source income by country, multiply foreign source income by the % provided below. To calculate qualified foreign source income, multiply foreign source income by the Total % provided below of 95.96%. To calculate qualified foreign source income by country, multiply foreign source income by each country s % provided below. Australia 0.00% 10.99% 10.99% 1.07% Austria 0.00 0.58 0.58 1.43 Belgium 0.00 1.29 1.29 0.43 Bermuda 1.11 0.00 1.11 0.00 Brazil 0.00 0.68 0.68 2.29 Canada 0.00 0.39 0.39 1.82 Cayman Islands 1.07 0.00 1.07 0.00 China 0.00 0.94 0.94 1.76 Cyprus 0.00 0.12 0.12 0.00 Denmark 0.00 0.46 0.46 0.31 Finland 0.00 2.02 2.02 1.38 France 0.00 12.01 12.01 24.59 Germany 0.00 6.68 6.68 14.00 Great Britain 0.00 15.90 15.90 0.00 Greece 0.00 0.88 0.88 0.24 Guernsey, C.I. 0.03 0.00 0.03 0.00 Hong Kong 1.31 0.00 1.31 0.00 India 0.00 0.04 0.04 0.00 International 0.00 0.71 0.71 0.00 Isle of Man 0.05 0.00 0.05 0.00 Israel 0.00 1.72 1.72 1.57 Italy 0.00 4.30 4.30 8.11 Japan 0.00 14.83 14.83 10.68 Jersey, C.I. 0.22 0.00 0.22 0.00 Korea, Republic of 0.00 0.03 0.03 0.06 Luxembourg 0.00 0.02 0.02 0.06 Malaysia 0.10 0.00 0.10 0.00 Netherlands 0.00 4.21 4.21 11.69 New Zealand 0.00 0.22 0.22 0.15 Norway 0.00 3.90 3.90 4.68 Poland 0.00 0.18 0.18 0.12 Portugal 0.00 0.44 0.44 2.36 Singapore 0.15 0.00 0.15 0.00 Spain 0.00 3.30 3.30 4.93 Sweden 0.00 1.93 1.93 1.30 Switzerland 0.00 6.13 6.13 2.97 Taiwan 0.00 1.03 1.03 1.98 Thailand 0.00 0.04 0.04 0.02 Total Foreign 4.04% 95.96% 100.00% 100.00% 9

MainStay Growth Allocation Fund To calculate foreign source income, multiply the amount in Box 1a of your Form 1099-DIV by 100.00%. To calculate foreign source income by country, multiply foreign source income by the % provided below. To calculate qualified foreign source income, multiply foreign source income by the Total % provided below of 96.21%. To calculate qualified foreign source income by country, multiply foreign source income by each country's % provided below. Australia 0.00% 9.95% 9.95% 1.48% Austria 0.00 0.56 0.56 0.98 Belgium 0.00 1.58 1.58 1.72 Bermuda 1.47 0.00 1.47 0.00 Brazil 0.00 0.63 0.63 1.20 Canada 0.00 0.36 0.36 1.20 Cayman Islands 0.83 0.00 0.83 0.00 China 0.00 1.27 1.27 1.76 Cyprus 0.00 0.11 0.11 0.00 Denmark 0.00 0.42 0.42 0.47 Finland 0.00 3.45 3.45 3.91 France 0.00 10.92 10.92 21.57 Germany 0.00 6.20 6.20 12.60 Great Britain 0.00 15.49 15.49 0.00 Greece 0.00 1.72 1.72 0.37 Guernsey, C.I. 0.03 0.00 0.03 0.00 Hong Kong 1.05 0.00 1.05 0.00 India 0.00 0.04 0.04 0.00 International 0.00 0.82 0.82 0.00 Isle of Man 0.01 0.00 0.01 0.00 Israel 0.00 1.63 1.63 2.44 Italy 0.00 4.50 4.50 7.87 Japan 0.00 13.92 13.92 10.42 Jersey, C.I. 0.17 0.00 0.17 0.00 Korea, Republic of 0.00 0.11 0.11 0.15 Luxembourg 0.00 0.00 0.00 0.01 Malaysia 0.05 0.00 0.05 0.00 Netherlands 0.00 3.84 3.84 9.89 New Zealand 0.00 0.20 0.20 0.23 Norway 0.00 3.55 3.55 5.98 Poland 0.00 0.16 0.16 0.18 Portugal 0.00 0.18 0.18 1.62 Singapore 0.18 0.00 0.18 0.00 Spain 0.00 3.67 3.67 5.37 Sweden 0.00 1.77 1.77 1.99 Switzerland 0.00 8.36 8.36 5.25 Taiwan 0.00 0.73 0.73 1.30 Thailand 0.00% 0.06 0.06 0.04 Total Foreign 3.79% 96.21% 100.00% 100.00% 10

MainStay Moderate Allocation Fund To calculate foreign source income, multiply the amount in Box 1a of your Form 1099-DIV by 100.00%. To calculate foreign source income by country, multiply foreign source income by the % provided below. To calculate qualified foreign source income, multiply foreign source income by the Total % provided below of 96.27%. To calculate qualified foreign source income by country, multiply foreign source income by each country's % provided below. Australia 0.00% 11.68% 11.68% 1.40% Austria 0.00 0.49 0.49 0.47 Belgium 0.00 1.08 1.08 0.79 Bermuda 1.01 0.00 1.01 0.00 Brazil 0.00 0.44 0.44 1.61 Canada 0.00 0.26 0.26 1.38 Cayman Islands 1.00 0.00 1.00 0.00 China 0.00 0.95 0.95 1.70 Cyprus 0.00 0.13 0.13 0.00 Denmark 0.00 0.49 0.49 0.44 Finland 0.00 2.52 2.52 2.28 France 0.00 11.52 11.52 23.86 Germany 0.00 6.40 6.40 13.53 Great Britain 0.00 15.59 15.59 0.00 Greece 0.00 1.14 1.14 0.34 Guernsey, C.I. 0.03 0.00 0.03 0.00 Hong Kong 1.26 0.00 1.26 0.00 India 0.00 0.04 0.04 0.00 International 0.00 0.79 0.79 0.00 Isle of Man 0.02 0.00 0.02 0.00 Israel 0.00 1.86 1.86 2.24 Italy 0.00 4.21 4.21 7.76 Japan 0.00 14.59 14.59 10.59 Jersey, C.I. 0.17 0.00 0.17 0.00 Korea, Republic of 0.00 0.05 0.05 0.06 Luxembourg 0.00 0.01 0.01 0.03 Malaysia 0.08 0.00 0.08 0.00 Netherlands 0.00 3.78 3.78 10.95 New Zealand 0.00 0.24 0.24 0.21 Norway 0.00 4.08 4.08 5.69 Poland 0.00 0.19 0.19 0.17 Portugal 0.00 0.30 0.30 2.15 Singapore 0.17 0.00 0.17 0.00 Spain 0.00 3.42 3.42 5.05 Sweden 0.00 2.07 2.07 1.86 Switzerland 0.00 7.03 7.03 3.90 Taiwan 0.00 0.90 0.90 1.51 Thailand 0.00 0.05 0.05 0.03 Total Foreign 3.73% 96.27% 100.00% 100.00% 11

MainStay Moderate Growth Allocation Fund To calculate foreign source income, multiply the amount in Box 1a of your Form 1099-DIV by 100.00%. To calculate foreign source income by country, multiply foreign source income by the % provided below. To calculate qualified foreign source income, multiply foreign source income by the Total % provided below of 96.27%. To calculate qualified foreign source income by country, multiply foreign source income by each country's % provided below. Australia 0.00% 10.81% 10.81% 1.46% Austria 0.00 0.42 0.42 1.08 Belgium 0.00 1.36 1.36 1.31 Bermuda 1.28 0.00 1.28 0.00 Brazil 0.00 0.54 0.54 1.34 Canada 0.00 0.31 0.31 1.25 Cayman Islands 0.90 0.00 0.90 0.00 China 0.00 1.13 1.13 1.74 Cyprus 0.00 0.12 0.12 0.00 Denmark 0.00 0.45 0.45 0.47 Finland 0.00 3.08 3.08 3.20 France 0.00 11.14 11.14 22.46 Germany 0.00 6.27 6.27 12.91 Great Britain 0.00 15.52 15.52 0.00 Greece 0.00 1.49 1.49 0.36 Guernsey, C.I. 0.03 0.00 0.03 0.00 Hong Kong 1.14 0.00 1.14 0.00 India 0.00 0.04 0.04 0.00 International 0.00 0.81 0.81 0.00 Isle of Man 0.01 0.00 0.01 0.00 Israel 0.00 1.73 1.73 2.38 Italy 0.00 4.38 4.38 7.77 Japan 0.00 14.19 14.19 10.46 Jersey, C.I. 0.17 0.00 0.17 0.00 Korea, Republic of 0.00 0.09 0.09 0.11 Luxembourg 0.00 0.00 0.00 0.02 Malaysia 0.06 0.00 0.06 0.00 Netherlands 0.00 3.79 3.79 10.27 New Zealand 0.00 0.22 0.22 0.23 Norway 0.00 3.78 3.78 5.90 Poland 0.00 0.17 0.17 0.18 Portugal 0.00 0.22 0.22 1.83 Singapore 0.17 0.00 0.17 0.00 Spain 0.00 3.57 3.57 5.21 Sweden 0.00 1.90 1.90 1.96 Switzerland 0.00 7.85 7.85 4.68 Taiwan 0.00 0.80 0.80 1.38 Thailand 0.00 0.05 0.05 0.04 Total Foreign 3.76% 96.24% 100.00% 100.00% 12