VCRCX Fees and Costs — NYLI CBRE Global Infrastructure Fund, Class C
Data updated: 2026-09-23
The net expense ratio is 2.05%: a 0.85% management fee, a 1.00% 12b-1 fee plus 0.20% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $1.1M in broker commissions, 0.0818% of average net assets, and portfolio turnover was 79%.
VCRCX Fees and Expenses
Annual operating expenses and sales charges of VCRCX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 2.05% |
| Fee waiver | — |
| Net expense ratio | 2.05% |
| 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 |
VCRCX Costs Over Time
On $10,000 invested in VCRCX, assuming 5% a year before costs, total costs come to $1,304 over 5 years, cutting the return by 2.24% 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 2.05%) | $215 | $664 | $1,137 |
| Trading costs (broker commissions) | $9 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $34 | $121 |
| Total costs | $327 | $725 | $1,304 |
| Value after costs | $10,173 | $10,852 | $11,459 |
| Impact on return, per year | 3.27% | 2.24% | 2.24% |
VCRCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0818%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $899.2M
- Portfolio turnover (prospectus): 79%
- Securities on loan, average value: $21.3M
- Net income from securities lending: $102K (0.008% of average net assets)
VCRCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $211K | 25.32% |
| J.P. Morgan Securities LLC | $115K | 13.73% |
| UBS Securities LLC | $104K | 12.48% |
| Barclays Capital, Inc. | $84K | 10.07% |
| Citigroup Global Markets Inc. | $79K | 9.41% |
| RBC Capital Markets, LLC | $66K | 7.91% |
| Instinet, LLC | $63K | 7.51% |
| BofA Securities, Inc. | $46K | 5.53% |
| Wells Fargo Securities, LLC | $34K | 4.07% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $33K | 3.97% |
VCRCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $896.6M | 99.72% |
| UBS Securities LLC | $2.5M | 0.28% |
NYLI CBRE Global Infrastructure Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VCRQX | Class R6 | 0.90% | none |
| VCRIX | Class I | 0.97% | none |
| VCRAX | Class A | 1.29% | 5.50% |
| VCRVX | Investor Class | 1.30% | 5.00% |
| VCRCX | Class C | 2.05% | 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.