About FCIWX
NYLI PineStone International Equity Fund Class R6 is a mutual fund designed to provide investors with exposure to global equity markets outside the United States. Managed by PineStone Asset Management, the fund focuses on achieving capital appreciation by investing at least 80% of its assets in equity securities of companies located in a minimum of three foreign countries, encompassing both developed and select emerging markets. Emphasizing a high-conviction, long-only strategy, the fund selects holdings based on rigorous bottom-up research, targeting international companies with sustainable competitive advantages and attractive return on invested capital. Key sectors represented include technology, financial services, consumer goods, healthcare, and industrials, with top holdings such as Taiwan Semiconductor Manufacturing, London Stock Exchange Group, and Nestlé. The fund is known for its disciplined, patient investment approach, low portfolio turnover, and broad diversification across major regions like the United Kingdom, France, Switzerland, and Asia. It primarily serves retirement and institutional investors seeking diversified international growth potential through a concentrated yet geographically and sectorally balanced equity portfolio.
Fund Family New York Life Investment Management LLC
Category Foreign Large Growth
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FCIWX
Share Class Class R6
Index MSCI EAFE NR USD
FCIWX had a total return of 11.95% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.29%.
