Overview
Overview
NYLI Money Market Fund seeks a high level of current income while preserving capital and maintaining liquidity.
There are no sales charges applied when buying or redeeming shares in NYLI Money Market Fund. However, if you exchange Class A shares or Investor Class shares of NYLI Money Market Fund for Class A shares or Investor Class shares of another NYLI Fund, the applicable sales charge will apply unless you’ve already paid the sales charge on those shares; or, if you exchange Class B shares of NYLI Money Market Fund for Class B shares of another NYLI Fund and redeem within six years of the original purchase, or if you exchange Class C shares of NYLI Money Market Fund for Class C shares of another NYLI Fund and redeem within one year of the original purchase, the applicable contingent deferred sales charge will be assessed.
Performance
Performance
Performance represents past performance which is no guarantee of future results. Current yields may be lower or higher. Yields are based on the latest 7-day period. Current and effective yields shown reflects a contractual fee waiver and/or expense limitation agreement in effect through 2/28/27, which renews automatically for one-year terms unless written notice is provided prior to the start of the next term or upon approval of the Board. Expenses stated are as of the fund's most recent prospectus.
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares or temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time, including periods of market stress.
New York Life Investment Management LLC ("New York Life Investment Management") has contractually agreed to waive fees and/or reimburse expenses so that Total Annual Fund Operating Expenses (excluding taxes, interest, litigation, extraordinary expenses, Trustee expenses, brokerage and other transaction expenses relating to the purchase or sale of portfolio investments, and acquired (underlying) fund fees and expenses) do not exceed the following percentages of its average daily net assets: Class A, 0.70%; Investor Class, 0.80%; Class C, 0.80%; and SIMPLE Class, 0.80%. This agreement will remain in effect until February 28, 2027, and thereafter shall renew automatically for one-year terms unless New York Life Investment Management provides written notice of termination prior to the start of the next term or, at any time, upon approval of the Board of Trustees of the Fund.
Distribution & Yields
Distribution & Yields
Performance represents past performance which is no guarantee of future results. Current yields may be lower or higher. Yields are based on the latest 7-day period. Current and effective yields shown reflects a contractual fee waiver and/or expense limitation agreement in effect through 2/28/27, which renews automatically for one-year terms unless written notice is provided prior to the start of the next term or upon approval of the Board. Expenses stated are as of the fund's most recent prospectus.
Past performance is not indicative of future results.
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
Portfolio
Portfolio
Fees & Expenses
Fees & Expenses
New York Life Investment Management LLC ("New York Life Investment Management") has contractually agreed to waive fees and/or reimburse expenses so that Total Annual Fund Operating Expenses (excluding taxes, interest, litigation, extraordinary expenses, Trustee expenses, brokerage and other transaction expenses relating to the purchase or sale of portfolio investments, and acquired (underlying) fund fees and expenses) do not exceed the following percentages of its average daily net assets: Class A, 0.70%; Investor Class, 0.80%; Class C, 0.80%; and SIMPLE Class, 0.80%. This agreement will remain in effect until February 28, 2027, and thereafter shall renew automatically for one-year terms unless New York Life Investment Management provides written notice of termination prior to the start of the next term or, at any time, upon approval of the Board of Trustees of the Fund.