Fund Evaluator:

NYLI S&P 500 Index Investor Class Overview

NYLI S&P 500 Index Investor Class (MYSPX) is a passively managed U.S. Equity Large Blend fund. New York Life Investment Management LLC launched the fund in 2008.

The investment seeks investment results that correspond to the total return performance (reflecting reinvestment of dividends) of common stocks in the aggregate, as represented by the S&P 500® Index. The fund normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in stocks as represented in the Standard & Poor's 500® Index in the same proportion, to the extent feasible. It may invest up to 20% of its total assets in options and futures contracts to maintain cash reserves, while being fully invested, to facilitate trading or to reduce transaction costs.

About NYLI S&P 500 Index Investor Class (MYSPX)

There are 2 members of the management team with an average tenure of 16.59 years: Greg Barrato (2023), Francis Ok (1996). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. NYLI S&P 500 Index Investor Class has 510 securities in its portfolio. The top 10 holdings constitute 36.0% 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 S&P 500 Index Investor Class is part of the Equity global asset class and is within the U.S. Equity fund group. NYLI S&P 500 Index Investor Class has 0.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.3%. There is 0.5% 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 S&P 500 Index Investor Class has 1.3% of the portfolio in cash.

Assets Under Management

The fund has $29 million in total assets, which is below the $6 billion average for the Large Blend 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.

MYSPX 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 S&P 500 Index Investor Class expense ratio is above average compared to funds in the Large Blend category. NYLI S&P 500 Index Investor Class has an expense ratio of 0.79%, which is 3% lower than its category average, making the fund expense ratio grade a C. 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 S&P 500 Index Investor Class has a portfolio turnover rate of 1%, indicating that holds its assets around 1.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, NYLI S&P 500 Index Investor Class returned -0.1%, which earned it a grade of D, as the Large Blend category had an average return of 0.4%. 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 S&P 500 Index Investor Class has a trailing yield of 0.42%, which is below the 0.56% category average. The fund normally distributes its income annually 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 S&P 500 Index Investor Class Grades

Year to date, the fund has returned 9.7%, 0.4 percentage points better than the category, which translates into a grade of C. The fund has returned 18.7% over the past year (grade of C), 18.5% over the past three years (grade of C) and 12.1% per year over the past five years (grade of B) and 14.3% per year over the past 10 years (grade of C).

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