MNEVX – NYLIM Conservative ETF Allc SIMPLE Cl Investment Strategy | Morningstar

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Strategy

The investment seeks current income and, secondarily, long-term growth of capital. The fund is a "fund of funds" that seeks to achieve its investment objective by investing in unaffiliated passively-managed exchange-traded funds (the "Underlying ETFs"). It seeks to achieve its investment objective by normally investing approximately 60% (within a range of 50% to 70%) of its assets in Underlying Fixed-Income ETFs and approximately 40% (within a range of 30% to 50%) of its assets in Underlying Equity ETFs. The fund may invest approximately 10% (within a range of 0% to 20%) of its assets in Underlying International Equity ETFs.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MNELX	NYLIM Conservative ETF Allocation Class I	Institutional	Open			Jun 30, 2020	$44,835.00	0.650%	Below Average	$1M	$1,622.23
MNEAX	NYLIM Conservative ETF Allocation Class A	Front Load	Open			Jun 30, 2020	$53.49M	0.900%	Below Average	$2,500	$5.60M
MNEKX	NYLIM Conservative ETF Allocation Class C	Level Load	Open			Jun 30, 2020	$390,974.00	1.650%	Average	$1,000	$12,517.43
MNEVX	NYLIM Conservative ETF Allocation SIMPLE Class	Level Load	Open			Aug 31, 2020	$8.09M	1.150%	Low	$0	$1.05M
MNERX	NYLIM Conservative ETF Allocation Class R3	Retirement, Medium	Open			Jun 30, 2020	$2.58M	1.250%	Above Average	$0	$1.24M

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