NYLIM Funds Trust revised the NYLIM Conservative Allocation Fund summary prospectus on August 28, 2026, listing a generally applicable $1,000 initial minimum for Investor Class and Class C shares. The document also outlines the fund’s income objective, share-class access, tax treatment and a planned portfolio-manager change.

Key Highlights

  • The revised summary prospectus is dated August 28, 2026, and identifies the fund as formerly known as the NYLI Conservative Allocation Fund.
  • The fund offers A, Investor, C, I and SIMPLE shares with tickers MCKAX, MCKNX, MCKCX, MCKIX and MCKSX.
  • The prospectus highlights value-stock, Master Limited Partnership and natural-resources company risks, including commodity-price fluctuations and regulation.

NYLIM Funds Trust’s revised summary prospectus for the NYLIM Conservative Allocation Fund lists a generally applicable $1,000 initial minimum for Investor Class and Class C shares. The document was revised August 28, 2026, and identifies the fund as formerly known as the NYLI Conservative Allocation Fund.

Share Classes, Objectives and Risks

Its available classes are A, Investor, C, I and SIMPLE, with tickers MCKAX, MCKNX, MCKCX, MCKIX and MCKSX, respectively.

Class A shares generally carry a $15,000 initial Investment minimum, while direct individual investments in Class I shares generally require $1,000,000. Investor Class and Class C shares have a $50 subsequent investment minimum.

The prospectus highlights value-stock risks and risks associated with master limited partnerships and natural-resources companies, including commodity-price fluctuations, Demand changes, regulation, litigation, extreme weather and limited trading volumes. Shares may be bought or sold on any day the fund is open through financial advisers, intermediaries, telephone, mail or the NYLIM website.

Migene S. Kim has served as managing director since 2025.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/1469192/000146919226000190/c497k.htm