FCIOX — NYLI PineStone International Equity Fund
Data updated: 2026-09-23
FCIOX — NYLI PineStone International Equity Fund. Europe Large Cap Blend / Core Information Technology Equity. Holdings, fees, performance and SEC filings.
FCIOX Fund Overview
FCIOX — NYLI PineStone International Equity Fund is a US mutual fund managed by New York Life Investments Funds Trust, categorised as Europe Large Cap Blend / Core Information Technology Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: New York Life Investments Funds Trust
- Category: Europe Large Cap Blend / Core Information Technology Equity
- Assets under management: $471.62M
- Ticker: FCIOX
- SEC CIK: 0001469192
- SEC series ID: S000081083
- Share class ID: C000243748
FCIOX Investment Objective and Strategy
NYLI PineStone International Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by New York Life Investments Funds Trust.
Investment objective
The Fund seeks capital appreciation.
Principal investment strategy
PineStone Asset Management Inc., the Funds subadvisor (the Subadvisor), seeks to achieve the Funds investment objective by investing in a portfolio of international equities. The Fund may invest in issuers with market capitalizations of any size, though it generally expects to focus on issuers with market capitalization in excess of $5 billion. Under normal circumstances, the Fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities. The Fund will normally invest in equity securities of foreign companies operating in at least three countries other than the United States, including emerging market countries. An issuer of a security is considered to be a U.S. or foreign issuer based on the issuers country of risk (or similar designation) as determined by a third party such as Bloomberg, Factset or ICE Data Services Inc.
In addition, the Fund considers countries represented in the MSCI Emerging Markets Index to be emerging market countries. From time to time, the Fund may focus its investments in certain countries or geographic areas, including Europe. Equity or equity-related securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Equity securities include common stock, preferred stock, convertible securities and depositary receipts. The Fund may from time to time emphasize one or more sectors in selecting its investments, including the consumer staples and industrials sectors. In addition, the Fund may enter into forward currency contracts to hedge the currency exposure associated with some or all of the Funds securities, to shift investment exposure from one currency to another, to shift U.S.
dollar exposure to achieve a representative weighted mix of major currencies in its benchmark, or to adjust an underweight country exposure in its portfolio. The Fund may also invest in securities issued by other investment companies. Investment Process: In pursuing the Funds investment objective, the Subadvisor employs a bottom-up stock selection approach which results in a portfolio generally ranging from 25 to 45 companies. A bottom-up stock selection approach focuses on the analysis of individual stocks (microeconomic factors) as opposed to the significance of economic cycles and market cycles (macroeconomic factors). The Subadvisor looks for companies that have growth potential that are believed to be trading at attractive valuations. In doing so, the Subadvisor focuses on companies believed by the portfolio management team to have the following characteristics, among others: Competitive advantage in an industry with high barriers to entry; Attractive industry with pricing power, organic growth and limited cyclicality; Strong management teams with sound corporate governance; History of stable profit margins; Solid balance sheet with low leverage; and Attractive valuation with a stock price below intrinsic value.
In evaluating whether to sell a security, the Subadvisor considers, among other factors, whether in its view the company no longer continues to meet the standards described above and/or the Subadvisor believes there are more attractive opportunities available for investment by the Fund.
FCIOX Holdings
Top 10 holdings of NYLI PineStone International Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co. Ltd. | 9.82% |
| ASML Holding NV | 7.78% |
| Keyence Corp. | 6.60% |
| Air Liquide SA | 6.57% |
| InterContinental Hotels Group plc | 6.05% |
| London Stock Exchange Group plc | 5.60% |
| Cie Financiere Richemont SA | 4.96% |
| Nestle SA | 4.01% |
| LVMH Moet Hennessy Louis Vuitton SE | 3.27% |
| L'Oreal SA | 3.19% |
FCIOX Portfolio Allocation
Asset-class allocation of NYLI PineStone International Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.2% |
| Cash & Equivalents | 0.3% |
FCIOX Costs and Fees
FCIOX costs about $130 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.30%
- Gross expense ratio: 1.42%
- Portfolio turnover: 25%
- Brokerage commissions: 3.61 bps of average net assets (SEC N-CEN)
FCIOX Cashflows
Over the 12 months to 2026-04, NYLI PineStone International Equity Fund had net outflows of $368.39M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$169.10M |
| 2026-03 | −$13.27M |
| 2026-02 | −$34.67M |
| 2026-01 | −$31.02M |
| 2025-12 | −$6.89M |
| 2025-11 | −$10.47M |
FCIOX Debt Constituents
No individual debt constituents are reported in NYLI PineStone International Equity Fund's latest SEC N-PORT filing.
FCIOX Prospectus and SEC Filings
Official NYLI PineStone International Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-26
- Prospectus (485BPOS) — filed 2025-02-25
- Prospectus supplement (497) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-23
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-26
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Europe Large Cap Blend / Core Information Technology Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.