NYLI PineStone Global Equity Fund Class I
FCGIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 375 Park Avenue, 8th Floor New York NY United States of America 10152
- IPO Date
- Apr 28, 2017
- CIK
- 0001691994
- Website
- nylim.com
- Similar Companies
- Business
- NYLI PineStone Global Equity Fund (ticker: FCGIX) is an open-end mutual fund that seeks capital appreciation through a high-conviction portfolio of global equities, focusing primarily on issuers with market capitalizations exceeding $1 billion across developed and emerging markets worldwide; it invests in companies demonstrating sustainable competitive advantages, high returns on invested capital, and long-term compounding potential, employing a bottom-up fundamental analysis process emphasizing quality businesses with strong management, governance, and stable profit margins. The fund offers multiple share classes, including Class I (no sales charge or CDSC), Class A (up to 5.5% initial sales charge), Class C (1% CDSC within one year), and Class R6, with an expense ratio of 0.85% for Class I supported by fee waivers; it targets institutional and retail investors seeking global large-stock growth exposure, maintaining a geographic footprint spanning at least three countries outside the U.S., including emerging markets, with assets under management around $40 million as of mid-2025. Subadvised by PineStone Asset Management LP, a Montreal-based, employee-owned firm founded in 2021 with approximately $46 billion in assets under management, the fund benefits from the subadvisor's disciplined, long-term investment philosophy originating from strategies launched as early as 2014; PineStone selects 20-40 high-quality global companies based on proprietary research, avoiding broad market timing or macroeconomic bets. In September 2023, New York Life Investments, headquartered in New York and part of New York Life Insurance Company with over $693 billion in assets under management, entered a strategic partnership with Fiera Capital Corporation and PineStone Asset Management to integrate four equity strategies into its MainStay Funds lineup, rebranding the former MainStay PineStone Global Equity Fund and expanding U.S. distribution for PineStone's institutional-quality approaches; this alliance followed reorganizations such as the May 2024 transfer of Fiera Capital Global Equity Fund assets into the fund, enhancing its scale and performance history while assuming the predecessor fund's track record under a modified fee structure.