FCUIX Fees and Costs — NYLI PineStone U.S. Equity Fund, Class I
Data updated: 2026-09-23
The net expense ratio is 0.74%: a 0.55% management fee plus 0.19% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $28K in broker commissions, 0.0049% of average net assets, and portfolio turnover was 15%.
FCUIX Fees and Expenses
Annual operating expenses and sales charges of FCUIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| 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 |
FCUIX Costs Over Time
On $10,000 invested in FCUIX, assuming 5% a year before costs, total costs come to $468 over 5 years, cutting the return by 0.78% 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 0.74%) | $78 | $243 | $423 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $257 | $468 |
| Value after costs | $10,422 | $11,319 | $12,294 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
FCUIX 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
FCUIX 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% |
FCUIX 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.