NYLIM FUNDS TRUST’s revised prospectus for the NYLIM Equity Allocation Fund sets a $1,000,000 initial minimum for individual investors buying Class I shares directly or through specified private banks and trust companies. Investors also receive updated information on share classes, taxes, risks and a portfolio-manager change effective April 16, 2027.

Key Highlights

  • The fund’s stated objective is Long-term Growth of capital.
  • Migene S. Kim has served as a managing director since 2025.
  • SIMPLE Class shares are generally limited to SIMPLE IRA Plan accounts.

NYLIM FUNDS TRUST’s revised prospectus for NYLIM Equity Allocation Fund sets a $1,000,000 initial minimum for individual investors buying Class I shares directly or through specified private banks and trust companies. The prospectus identifies its former name as NYLI Equity Allocation Fund.

Share Classes, Minimums and Management

The updated document is dated February 28, 2026, and was revised August 28, 2026. It lists Class A, Investor, Class C, Class I and SIMPLE shares under the tickers MGXAX, MGXNX, MGXCX, MGXIX and MGXSX, respectively. Initial minimums generally are $1,000 for Investor and Class C shares and $15,000 for Class A shares.

Investor and Class C shareholders generally face a $50 subsequent Investment minimum, while AutoInvest purchases carry a $500 initial minimum and a $50 minimum for later purchases.

Tax Treatment and Investment Risks

SIMPLE Class shares are generally available only to SIMPLE IRA Plan accounts and are generally unavailable to retail accounts. The prospectus identifies risks tied to equity securities, value stocks, master limited partnerships and natural-resources companies, including commodity-price changes, weather events, regulation and limited trading volumes.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/1469192/000146919226000191/c497k.htm