VCRIX Fees and Costs — NYLI CBRE Global Infrastructure Fund, Class I
Data updated: 2026-09-23
The net expense ratio is 0.97%: a 0.85% management fee plus 0.19% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.1M in broker commissions, 0.0818% of average net assets, and portfolio turnover was 79%.
VCRIX Fees and Expenses
Annual operating expenses and sales charges of VCRIX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.97% |
| 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 |
VCRIX Costs Over Time
On $10,000 invested in VCRIX, assuming 5% a year before costs, total costs come to $657 over 5 years, cutting the return by 1.10% 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 0.97%) | $102 | $318 | $551 |
| Trading costs (broker commissions) | $9 | $27 | $46 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $657 |
| Value after costs | $10,390 | $11,215 | $12,106 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
VCRIX 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)
VCRIX 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% |
VCRIX 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.