FCUCX Fees and Costs — NYLI PineStone U.S. Equity Fund, Class C
Data updated: 2026-09-23
The net expense ratio is 1.85%: a 0.55% management fee, a 1.00% 12b-1 fee plus 0.30% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $28K in broker commissions, 0.0049% of average net assets, and portfolio turnover was 15%.
FCUCX Fees and Expenses
Annual operating expenses and sales charges of FCUCX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.85% |
| Fee waiver | — |
| Net expense ratio | 1.85% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FCUCX Costs Over Time
On $10,000 invested in FCUCX, assuming 5% a year before costs, total costs come to $1,141 over 5 years, cutting the return by 1.95% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.85%) | $194 | $601 | $1,032 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $30 | $105 |
| Total costs | $298 | $632 | $1,141 |
| Value after costs | $10,202 | $10,944 | $11,622 |
| Impact on return, per year | 2.98% | 1.95% | 1.95% |
FCUCX 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): 0.0049%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $156.2M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
FCUCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Raymond James & Associates, Inc. | $6K | 20.87% |
| Morgan Stanley & Co. LLC | $5K | 17.56% |
| BofA Securities, Inc. | $3K | 12.54% |
| RBC Capital Markets, LLC | $3K | 11.19% |
| BMO Nesbitt Burns Securities Ltd. | $3K | 10.56% |
| Fidelity Clearing Canada ULC??(FCC)?? | $3K | 9.22% |
| Sanford C. Bernstein & Co., LLC | $1K | 5.20% |
| J.P. Morgan Securities LLC | $1K | 4.48% |
| Goldman Sachs & Co. LLC | $1K | 4.22% |
| UBS Securities LLC | $1K | 4.16% |
FCUCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $156.2M | 100.00% |
NYLI PineStone U.S. 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 |
|---|---|---|---|
| FCUDX | Class R6 | 0.61% | none |
| FCUPX | Class P | 0.61% | none |
| FCUIX | Class I | 0.74% | none |
| FCUEX | Class A | 0.99% | 5.50% |
| FCUCX | Class C | 1.85% | 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.