NYLIM FUNDS TRUST revised the summary for NYLIM PineStone International Equity Fund on August 28, 2026, with Class P shares carrying a $5,000,000 minimum investment. The document matters to investors because it sets out the fund’s capital-appreciation objective, purchase and sale access, tax treatment and intermediary compensation terms.

Key Highlights

  • The summary carries a February 28, 2026 date and was revised August 28, 2026.
  • PineStone Asset Management Inc. is subadvisor, with Nadim Rizk and Andrew Chan managing daily portfolio operations since 2023.
  • Class P shares require a $5,000,000 Investment minimum and have no subsequent investment minimum.
  • The fund seeks Capital appreciation and identifies Class P shares with ticker FCIXH.

Class P Investment Minimum

The revised summary for the NYLIM PineStone International Equity Fund states that Class P shares require an investment minimum of $5,000,000. This is the specific minimum identified for the class in the article, and the supplied information does not identify any subsequent investment minimum for Class P shares.

The stated amount applies to Class P shares rather than being presented as a general minimum for every share class. The article focuses on this class requirement and separately identifies the class by ticker, providing two specific details for investors reviewing the summary.

Fund Objective

The fund seeks capital appreciation, which is the investment objective identified in the article. That wording describes what the fund seeks to achieve and is presented alongside the information about Class P shares, their minimum investment, and their ticker. Accordingly, the supplied description connects Class P shares with the fund’s stated pursuit of capital appreciation without adding another investment purpose.

Class Identification

Class P shares are identified with ticker FCIXH. The ticker is the specific identifier supplied for this class in the revised summary and appears with the fund name and the fund’s stated objective.

The article distinguishes the ticker from the investment minimum: FCIXH identifies the class, while $5,000,000 describes the required investment minimum. Both details concern Class P shares, but they describe different features of the class.

Summary Dates

The summary is dated February 28, 2026, and carries a revision dated August 28, 2026. These are the two dates provided for the document, with the latter expressly described as the revision date.

The dated summary contains the information about the fund, Class P shares, portfolio management, and intermediary compensation described in the article. The supplied description does not provide another summary date or revision date.

Subadvisor and Portfolio Managers

PineStone Asset Management Inc. serves as subadvisor to the fund. Nadim Rizk, PineStone’s CEO and CIO, and Andrew Chan, its head of research and portfolio manager, handle day-to-day portfolio management.

Both Rizk and Chan have served in those portfolio-management roles since 2023, according to the article. The description therefore identifies the subadvisor, the two individuals responsible for day-to-day management, their PineStone positions, and the year their service began.

Financial Intermediary Compensation

The fund and related companies may compensate financial intermediaries for sales and related services. The article says that this compensation may create a conflict when advisers recommend the fund over another investment.

This disclosure concerns the relationship among the fund, related companies, financial intermediaries, and advisers. It does not state that a conflict occurs in every recommendation; it identifies the potential conflict associated with compensation for sales and related services.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/1469192/000146919226000194/c497k.htm