NYLIM FUNDS TRUST renamed NYLI WMC Small Companies Fund as NYLIM WMC Small Companies Fund, effective August 28, 2026, across Class A, Investor, C and I shares. The change gives investors the fund’s current prospectus name for identifying covered share classes, while its stated objective remains Long-term Growth of capital.

Key Highlights

  • New York Life Investment Management has agreed to limit transfer agency expenses for each Share Class to 0.35% of average daily net assets.
  • Wellington portfolio manager David B. DuBard is due to retire on December 31, 2026, and will no longer manage the fund.
  • The fund’s stated investment objective remains long-term growth of Capital following the August 28, 2026, name change.

The revised prospectus applies the new name to Class A, Investor, C and I shares. The fund’s stated investment objective remains long-term growth of capital.

New Name Across Share Classes

Class A shares use ticker MOPAX, Investor shares use MOINX, Class C shares use MOPCX and Class I shares use MOPIX. The prospectus summary identifies the fund under the NYLIM WMC Small Companies Fund name after the August 28, 2026 revision.

Tiered Fees and Cost Examples

New York Life Investment Management has agreed to waive fees or reimburse expenses so transfer agency expenses for each share class do not exceed 0.35% of that class’s average daily net Assets annually.

The prospectus example assumes a $10,000 investment, a 5% annual return and unchanged operating expenses. Assuming Redemption at the end of one year, expenses are $666 for Class A, $643 for Investor Class, $326 for Class C and $97 for Class I. The Class C amount without redemption is $226.

At three years, the stated expenses are $910 for Class A, $973 for Investor Class, $726 for Class C without redemption, $726 for Class C with redemption and $303 for Class I. At five years, the figures are $1,173, $1,325, $1,253, $1,253 and $525, respectively.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/1469192/000146919226000188/c497k.htm