NYLIM FUNDS TRUST updated the prospectus for its Moderate Allocation Fund, which generally requires $1,000 for Investor or Class C shares and $15,000 for Class A shares. The update matters because investors face different entry thresholds, share-class terms, tax treatment and portfolio risks depending on how they access the fund.

Key Highlights

  • The Moderate Allocation Fund seeks long-term Capital growth and current income as a secondary objective.
  • Class I shares generally require an initial Investment of $1,000,000 for qualifying individual investors investing directly.
  • The fund offers Class A, Investor, Class C, Class I and SIMPLE shares under the codes MMRAX, MMRDX, MMRCX, MMRIX and MMRSX, respectively.

NYLIM FUNDS TRUST has updated the prospectus for its Moderate Allocation Fund, with Investor and Class C shares generally carrying a $1,000 initial investment minimum. The fund, formerly named the NYLI Moderate Allocation Fund, is designed to pursue long-term capital growth while seeking current income as a secondary objective. The revised prospectus is dated August 28, 2026.

Share Classes, Minimums and Fund Terms

The fund offers Class A, Investor, Class C, Class I and SIMPLE shares under the codes MMRAX, MMRDX, MMRCX, MMRIX and MMRSX, respectively. Class A shares generally require $15,000 to begin investing, while individual investors using Class I shares directly with the fund or through certain qualifying private banks and trust companies generally face a $1,000,000 initial minimum.

Investor and Class C shareholders generally must commit $50 for subsequent purchases. SIMPLE shares are generally limited to SIMPLE IRA Plan accounts, and Class I institutional shareholders and SIMPLE shareholders have no initial or subsequent investment minimums.

Shares can be purchased or sold on any day the fund is open through a financial adviser, intermediary, telephone, mail or the NYLIM website.

Portfolio Management Change

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

Source(s)

  • https://www.sec.gov/Archives/edgar/data/1469192/000146919226000192/c497k.htm