Fund Evaluator:

NYLI CBRE Real Estate Fund Investor Cl Overview

NYLI CBRE Real Estate Fund Investor Cl (CRVRX) is an actively managed Sector Equity Real Estate fund. New York Life Investment Management LLC launched the fund in 2020.

The investment seeks total return. Under normal market conditions, the fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in common and preferred stocks of U.S. real estate investment trusts ("REITs") and other real estate companies. The Sub-Adviser may invest in companies with any market capitalization. However, the Sub-Adviser will generally not invest in companies with a market capitalization of less than $100 million at the time of purchase. The fund is non-diversified.

About NYLI CBRE Real Estate Fund Investor Cl (CRVRX)

There are 3 members of the management team with an average tenure of 6.59 years: Kenneth Weinberg (2019), Jonathan Miniman (2019), Joseph Smith (2019). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and CBRE Real Estate Tiered TR USD index with a weighting of 100%. NYLI CBRE Real Estate Fund Investor Cl has 46 securities in its portfolio. The top 10 holdings constitute 55.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

NYLI CBRE Real Estate Fund Investor Cl is part of the Equity global asset class and is within the Sector Equity fund group. NYLI CBRE Real Estate Fund Investor Cl has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.4%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). NYLI CBRE Real Estate Fund Investor Cl has 0.6% of the portfolio in cash.

Assets Under Management

The fund has $189 million in total assets, which is below the $667 million average for the Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

CRVRX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The NYLI CBRE Real Estate Fund Investor Cl expense ratio is high compared to funds in the Real Estate category. NYLI CBRE Real Estate Fund Investor Cl has an expense ratio of 1.33%, which is 8% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. NYLI CBRE Real Estate Fund Investor Cl has a portfolio turnover rate of 79%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Real Estate category.

Recently, in the month of July 2026, NYLI CBRE Real Estate Fund Investor Cl returned 1.7%, which earned it a grade of F, as the Real Estate category had an average return of 2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

NYLI CBRE Real Estate Fund Investor Cl has a trailing yield of 2.37%, which is above the 2.02% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

NYLI CBRE Real Estate Fund Investor Cl Grades

Year to date, the fund has returned 17.6%, 1.1 percentage points better than the category, which translates into a grade of B. The fund has returned 18.3% over the past year (grade of C), 8.2% over the past three years (grade of F) and 2.3% per year over the past five years (grade of D) and 4.2% per year over the past 10 years (grade of F).

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