Fund Evaluator:

NYLI Epoch Global Equity Yield Class I Overview

NYLI Epoch Global Equity Yield Class I (EPSYX) is an actively managed International Equity Global Large-Stock Value fund. New York Life Investment Management LLC launched the fund in 2005.

The investment seeks a high level of income; capital appreciation is a secondary investment objective. The fund generally invests in a diversified portfolio consisting of equity securities of companies located throughout the world, including the U.S., that have a history of attractive dividend yields and positive growth in operating cash flow. It normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities of dividend-paying companies across all market capitalizations. The fund may invest up to 20% of its net assets in securities issued by companies in emerging markets.

About NYLI Epoch Global Equity Yield Class I (EPSYX)

There are 4 members of the management team with an average tenure of 4.25 years: Kera Van Valen (2014), William Booth (2026), Michael Jin (2024), Lin Lin (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 3 primary benchmarks: MSCI World NR USD index with a weighting of 100%, MSCI World High Dividend Yield NR USD index with a weighting of 60% and MSCI World Minimum Vol (USD) NR USD index with a weighting of 40%. NYLI Epoch Global Equity Yield Class I has 125 securities in its portfolio. The top 10 holdings constitute 21.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

NYLI Epoch Global Equity Yield Class I is part of the Equity global asset class and is within the International Equity fund group. NYLI Epoch Global Equity Yield Class I has 33.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 66.0%. There is 33.1% 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 Epoch Global Equity Yield Class I has 0.9% of the portfolio in cash.

Assets Under Management

The fund has $785 million in total assets, which is above the $503 million average for the Global Large-Stock Value 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.

EPSYX 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 Epoch Global Equity Yield Class I expense ratio is high compared to funds in the Global Large-Stock Value category. NYLI Epoch Global Equity Yield Class I has an expense ratio of 0.84%, which is 20% lower than its category average, making the fund expense ratio grade a B. 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 Epoch Global Equity Yield Class I has a portfolio turnover rate of 30%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Global Large-Stock Value category.

Recently, in the month of July 2026, NYLI Epoch Global Equity Yield Class I returned 1.9%, which earned it a grade of D, as the Global Large-Stock Value category had an average return of 2.9%. 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 Epoch Global Equity Yield Class I has a trailing yield of 1.79%, which is above the 1.78% category average. The fund normally distributes its income quarterly and its capital gains annually.

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 Epoch Global Equity Yield Class I Grades

Year to date, the fund has returned 21.2%, 8.6 percentage points better than the category, which translates into a grade of A. The fund has returned 32.1% over the past year (grade of A), 20.6% over the past three years (grade of A) and 13.5% per year over the past five years (grade of A) and 10.1% per year over the past 10 years (grade of C).

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