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NYLI Cushing MLP Premier Class I (CSHZX)

12.16 +0.33 (+2.79%)
As of 8:05 AM EST. Market Open.

Fund Summary

The fund, under normal market conditions, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in a portfolio of master limited partnerships ("MLPs") and MLP-related investments. "MLPs" are generally treated as partnerships for U.S. federal income tax purposes and are generally organized under state law as limited partnerships or limited liability companies. The fund may invest in companies of any market capitalization size. It is non-diversified.

NYLI Cushing MLP Premier Class I

Parsippany NJ 07054
169 Lackawanna Ave
800 624 6782

Fund Overview

Category Energy Limited Partnership
Fund Family New York Life Investment Management LLC
Net Assets 963.56M
YTD Return 32.49%
Yield 6.03%
Morningstar Rating
Inception Date Jul 11, 2014

Fund Operations

Last Dividend 0.63
Last Cap Gain 18.00
Holdings Turnover 20.00%
Average for Category --

Fees & Expenses

Expense CSHZX Category Average
Annual Report Expense Ratio (net) 1.24% 1.56%
Prospectus Net Expense Ratio 1.24% --
Prospectus Gross Expense Ratio 1.24% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.44%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Todd Sunderland has worked in investment and risk management since 2004 and had previously worked in the engineering field. Before coming to the firm in 2007 he was portfolio analyst at Spinnerhawk Capital Management. Prior to that, he was programmer and risk analyst for Hunt Financial Ventures. His engineering experience includes Carter & Burgess (Jacobs) and United Technologies Carrier. Mr. Sunderland earned his M.B.A. from Southern Methodist University and his B.S. in Mechanical Engineering from Cornell University. He is a Chartered Financial Analyst?, a Financial Risk Manager (FRM), Chartered Market Technician (CMT), and a registered Professional Engineer (PE) – inactive.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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