C000168875 Fees and Costs — NYLI VP MacKay Convertible Portfolio, Service 2 Class
Data updated: 2026-08-24
The net expense ratio is 0.94%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $65K in broker commissions, 0.0044% of average net assets, and portfolio turnover was 43%.
C000168875 Fees and Expenses
Annual operating expenses and sales charges of C000168875. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000168875 Costs Over Time
On $10,000 invested in C000168875, assuming 5% a year before costs, total costs come to $591 over 5 years, cutting the return by 0.99% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.94%) | $99 | $308 | $535 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $325 | $591 |
| Value after costs | $10,401 | $11,251 | $12,171 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
C000168875 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0044%
- Total broker commissions: $65K
- Bought from dealers (principal trades, not a cost): $2.9B
- Portfolio turnover (prospectus): 43%
- Securities on loan, average value: $18.9M
- Net income from securities lending: $154K (0.010% of average net assets)
C000168875 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $13K | 20.35% |
| Johnson Rice & Company L.L.C. | $12K | 19.06% |
| Piper Sandler & Co. | $10K | 15.20% |
| Bank of New York Mellon Corp. | $9K | 13.34% |
| MUFG Securities Americas Inc. | $9K | 13.34% |
| Evercore Group L.L.C. | $4K | 6.64% |
| Stifel, Nicolaus & Company, Incorporated | $4K | 6.03% |
| Truist Securities, Inc. | $4K | 6.03% |
C000168875 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.6B | 62.85% |
| BofA Securities, Inc. | $205.9M | 8.13% |
| Goldman Sachs & Co. LLC | $152.3M | 6.02% |
| Oppenheimer & Co. Inc. | $133.4M | 5.27% |
| Wells Fargo Securities, LLC | $104.6M | 4.13% |
| Pershing LLC | $77.3M | 3.05% |
| SANTANDER INVESTMENT S.A. | $70.3M | 2.78% |
| Citigroup Global Markets Inc. | $68.3M | 2.70% |
| Morgan Stanley & Co. LLC | $65.9M | 2.60% |
| UBS Securities LLC | $62.4M | 2.47% |
NYLI VP MacKay Convertible Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000025784 | Initial Class | 0.59% | — |
| C000025785 | Service Class | 0.84% | — |
| C000168875 | Service 2 Class | 0.94% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.