C000204555 Fees and Costs — NYLI VP Hedge Multi-Strategy Portfolio, Service Class
Data updated: 2026-08-24
The net expense ratio is 1.26% (1.38% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $221K in broker commissions, 0.1028% of average net assets, and portfolio turnover was 75%.
C000204555 Fees and Expenses
Annual operating expenses and sales charges of C000204555. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.26% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000204555 Costs Over Time
On $10,000 invested in C000204555, assuming 5% a year before costs, total costs come to $846 over 5 years, cutting the return by 1.43% 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 1.26%) | $132 | $411 | $710 |
| Trading costs (broker commissions) | $11 | $34 | $58 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $467 | $846 |
| Value after costs | $10,357 | $11,109 | $11,917 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
C000204555 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): 0.1028%
- Total broker commissions: $221K
- Bought from dealers (principal trades, not a cost): $75.2M
- Portfolio turnover (prospectus): 75%
- Securities on loan, average value: $39.0M
- Net income from securities lending: $289K (0.134% of average net assets)
C000204555 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $62K | 28.12% |
| Citadel Securities LLC | $44K | 19.75% |
| Morgan Stanley & Co. LLC | $35K | 15.75% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $20K | 8.83% |
| Mischler Financial Group, Inc. | $17K | 7.83% |
| Old Mission Markets LLC | $16K | 7.33% |
| Wallachbeth Capital LLC | $14K | 6.41% |
| Citigroup Global Markets Inc. | $8K | 3.63% |
| Stifel, Nicolaus & Company, Incorporated | $5K | 2.35% |
C000204555 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $75.2M | 100.00% |
NYLI VP Hedge Multi-Strategy Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000204554 | Initial Class | 1.01% | — |
| C000204555 | Service Class | 1.26% | — |
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.