NYLIM FUNDS TRUST revised the NYLIM Growth Allocation Fund summary prospectus, with Investor and Class C shares generally requiring a $1,000 initial investment. The update matters to investors because it sets out the fund’s capital-growth objective, share-class access rules, purchase minimums and risks, including those tied to value stocks, MLPs and natural resources.

Key Highlights

  • The summary prospectus was revised August 28, 2026.
  • Investor and Class C shares generally require a $1,000 initial investment.
  • Direct individual Class I investments generally require $1,000,000.

NYLIM FUNDS TRUST’s NYLIM Growth Allocation Fund has a revised summary prospectus, with a generally $1,000 initial Investment minimum for Investor and Class C shares. The document covers the fund’s A, Investor, C, I and SIMPLE share classes.

Investment Terms and Fund Structure

The summary prospectus is dated February 28, 2026, and revised August 28, 2026. The fund may invest across securities and faces risks involving value stocks, master limited partnerships and other natural-resources companies, including exposure to Commodity prices, energy-market volatility, regulation, litigation and limited trading volumes in some MLP securities.

Class A shares generally require an initial investment of $15,000, while individual investors purchasing Class I shares directly through the fund or certain eligible institutions generally need $1,000,000. Investor and Class C shares generally carry a subsequent investment minimum of $50. Through New York Life Investment Management’s AutoInvest plan, those classes have a $500 initial minimum and a $50 minimum for later purchases.

SIMPLE Class shares are generally limited to SIMPLE IRA Plan accounts and are generally unavailable to retail accounts.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/1469192/000146919226000193/c497k.htm