FCIZK Fees and Costs — NYLI PineStone International Equity Fund, Class R3
Data updated: 2026-09-23
The net expense ratio is 1.55%: a 0.80% management fee, a 0.50% 12b-1 fee plus 0.37% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $286K in broker commissions, 0.0361% of average net assets, and portfolio turnover was 25%.
FCIZK Fees and Expenses
Annual operating expenses and sales charges of FCIZK. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.67% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.55% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
FCIZK Costs Over Time
On $10,000 invested in FCIZK, assuming 5% a year before costs, total costs come to $981 over 5 years, cutting the return by 1.67% 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 1.55%) | $163 | $505 | $870 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $167 | $542 | $981 |
| Value after costs | $10,333 | $11,034 | $11,782 |
| Impact on return, per year | 1.67% | 1.67% | 1.67% |
FCIZK 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): 0.0361%
- Total broker commissions: $286K
- Bought from dealers (principal trades, not a cost): $614.8M
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $783K
- Net income from securities lending: $11K (0.001% of average net assets)
FCIZK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $56K | 21.07% |
| UBS Securities LLC | $48K | 18.07% |
| RBC Capital Markets, LLC | $42K | 15.77% |
| J.P. Morgan Securities LLC | $39K | 14.44% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $29K | 10.85% |
| Mizuho Securities USA LLC | $15K | 5.47% |
| Pershing LLC | $15K | 5.47% |
| Morgan Stanley & Co. LLC | $11K | 4.27% |
| Societe Generale | $7K | 2.74% |
| Raymond James & Associates, Inc. | $5K | 1.86% |
FCIZK Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $614.8M | 100.00% |
NYLI PineStone International 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 |
|---|---|---|---|
| FCIWX | Class R6 | 0.80% | none |
| FCIHX | Class P | 0.85% | none |
| FCIUX | Class I | 0.85% | none |
| FCIRX | Class A | 1.20% | 5.50% |
| FCIKX | Investor Class | 1.48% | 5.00% |
| FCIZK | Class R3 | 1.55% | none |
| FCICX | Class C | 2.23% | 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.