NYLIM Active ETF Trust's updated ETF prospectus reports annual management fees and total operating expenses of 0.00% and 0.01%, alongside Waiver and reimbursement terms. Investors can see the stated recurring expense rates, selected expense limits and example costs ranging from $29 to $493 for a $10,000 investment.

Key Highlights

  • The prospectus identifies NYLIM CBRE Real Estate & Infrastructure ETF as REIX and NYLIM MacKay Muni Short Duration ETF as MMSD.
  • One expense arrangement limits total annual fund operating expenses to not more than 0.40%, with an additional limit of 0.28% through August 28, 2027.
  • A $10,000 Investment example lists costs of $29 after 1 year, $116 after 3 years, $212 after 5 years and $493 after 10 years.

NYLIM Active ETF Trust's ETF prospectus sets out annual management-fee and total annual operating-expense disclosures of 0.00% and 0.01% across its fund schedules. The trust also details expense waiver and reimbursement arrangements tied to annual operating costs. The prospectus covers funds including NYLIM CBRE Real Estate & Infrastructure ETF, NYLIM MacKay Muni Short Duration ETF and NYLIM MacKay Core Plus Bond ETF.

ETF Names and Expense Schedules

The prospectus lists NYLIM CBRE Real Estate & Infrastructure ETF under ticker REIX and NYLIM MacKay Muni Short Duration ETF under ticker MMSD. It also names NYLIM MacKay Core Plus Bond ETF as CPLB, NYLIM MacKay Muni Intermediate ETF as MMIT and NYLIM MacKay High Income ETF as IQHI.

The prospectus also lists funds with tickers MMCA, SECR, IWLG, MMMA, IWFG and MMIN.

The prospectus also shows former names for several funds. NYLIM MacKay Muni Short Duration ETF was formerly NYLI CBRE Real assets ETF and NYLI MacKay Muni Short Duration ETF, while NYLIM MacKay Muni Intermediate ETF was formerly NYLI MacKay Core Plus Bond ETF and NYLI MacKay Muni Intermediate ETF.

Management Fees and Waivers

One schedule lists a 0.00% management fee, 0% distribution and/or service, or 12b-1, fees, and 0.00% in other expenses. Total annual fund operating expenses are 0.00%, while the expense waiver or reimbursement is shown as -0.00%, leaving total annual fund operating expenses after the waiver or reimbursement at 0.00%.

A further arrangement sets an additional limit of not more than 0.28% of average daily net assets until August 28, 2027.

Another schedule reports a 0.01% management fee, 0% distribution and/or service fees and 0.00% in other expenses. Total annual fund operating expenses are 0.01%, with expense waiver or reimbursement of -0.00% and total annual fund operating expenses after the waiver or reimbursement of 0.01%.

Cost Examples for Investors

The prospectus uses a $10,000 investment example and assumes a 5% annual return, with operating expenses remaining at current levels. The illustrative cost is $29 after 1 year.

The same example lists costs of $116 after 3 years, $212 after 5 years and $493 after 10 years. The stated return and estimated expenses are for illustration and are not indicators of expected fund expenses or performance.