ICERX Fees and Costs — NYLI Epoch International Choice Fund, SIMPLE Class
Data updated: 2026-10-08
The net expense ratio is 1.41%: a 0.70% management fee, a 0.50% 12b-1 fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $263K in broker commissions, 0.1040% of average net assets, and portfolio turnover was 51%.
ICERX Fees and Expenses
Annual operating expenses and sales charges of ICERX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.41% |
| Fee waiver | — |
| Net expense ratio | 1.41% |
| 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 |
ICERX Costs Over Time
On $10,000 invested in ICERX, assuming 5% a year before costs, total costs come to $937 over 5 years, cutting the return by 1.59% 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 1.41%) | $148 | $459 | $792 |
| Trading costs (broker commissions) | $11 | $34 | $58 |
| Lost growth on money paid in costs | $0 | $25 | $86 |
| Total costs | $159 | $518 | $937 |
| Value after costs | $10,341 | $11,058 | $11,825 |
| Impact on return, per year | 1.59% | 1.59% | 1.59% |
ICERX 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): 0.1040%
- Total broker commissions: $263K
- Bought from dealers (principal trades, not a cost): $206.9M
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $51K (0.020% of average net assets)
ICERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $41K | 19.60% |
| Mizuho Securities USA LLC | $41K | 19.19% |
| BNP Paribas Securities Corp. | $26K | 12.10% |
| Instinet, LLC | $19K | 9.01% |
| Societe Generale | $16K | 7.75% |
| J.P. Morgan Securities LLC | $15K | 7.12% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $15K | 7.04% |
| UBS Securities LLC | $13K | 6.33% |
| Barclays Capital, Inc. | $13K | 6.24% |
| Morgan Stanley & Co. LLC | $12K | 5.63% |
ICERX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $206.8M | 99.95% |
| Goldman Sachs & Co. LLC | $95K | 0.05% |
NYLI Epoch International Choice Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ICEUX | Class I | 0.85% | none |
| ICEVX | Class A | 1.10% | 5.50% |
| ICERX | SIMPLE Class | 1.41% | none |
| ICELX | Investor Class | 1.42% | 5.00% |
| ICEWX | Class C | 2.16% | 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.