FCGEX Fees and Costs — NYLI PineStone Global Equity Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 1.10%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.58% other expenses, less a 0.53% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $10K in broker commissions, 0.0275% of average net assets, and portfolio turnover was 35%.
FCGEX Fees and Expenses
Annual operating expenses and sales charges of FCGEX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.63% |
| Fee waiver | −0.53% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FCGEX Costs Over Time
On $10,000 invested in FCGEX, assuming 5% a year before costs, total costs come to $1,367 over 5 years, cutting the return by 2.35% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.10%) | $109 | $340 | $589 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $28 | $104 | $213 |
| Total costs | $689 | $1,003 | $1,367 |
| Value after costs | $9,811 | $10,574 | $11,396 |
| Impact on return, per year | 6.89% | 3.12% | 2.35% |
FCGEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0275%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $46.7M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
FCGEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $4K | 39.40% |
| Raymond James & Associates, Inc. | $2K | 20.15% |
| J.P. Morgan Securities LLC | $1K | 11.82% |
| UBS Securities LLC | $879 | 8.86% |
| Mizuho Securities USA LLC | $703 | 7.09% |
| Morgan Stanley & Co. LLC | $356 | 3.58% |
| Pershing LLC | $295 | 2.97% |
| Goldman Sachs & Co. LLC | $268 | 2.70% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $176 | 1.77% |
| BMO Nesbitt Burns Securities Ltd. | $165 | 1.66% |
FCGEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $46.7M | 100.00% |
NYLI PineStone Global Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FCGMX | Class R6 | 0.84% | none |
| FCGIX | Class I | 0.85% | none |
| FCGPX | Class P | 0.85% | none |
| FCGEX | Class A | 1.10% | 5.50% |
| FCGYX | Class C | 2.00% | none |
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.