Important: Annual $17/$20 Custodial Fee
NYLI Shareholders who own an Individual Retirement Account (IRA), 403(b)(7), or Coverdell Education Savings Account (CESA) are required to pay an annual custodial fee of $17 by early December. Shareholders whose only type of custodial account is a SIMPLE IRA are required to pay an annual custodial fee of $20. Please note that this fee only applies to accounts with New York Life Trust Company as custodian and does not apply to custodial accounts that have a combined balance over $50,000. Please make the check payable to “New York Life Trust Company” and mail to:
NYLI Funds
PO Box 219003
Kansas City, MO 64121-9000
Small Account Fee Reminder
NYLI Funds imposes a small account fee on each fund account maintained by an investor with a balance of less than $1,000 ($5,000 for Class A Share Accounts). Exemptions apply—please call 1-800-624-6782 to find out if your account is affected. The annual fee of $20 is assessed as $10 semi-annually in March and September. To avoid the small account fee, consider establishing an AutoInvest feature on your account or exchange small account balances of multiple funds into a single fund.
Tax Center
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Literature
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Dividend Schedule
Some NYLI Funds are scheduled to pay dividends in the current calendar year.