NYLIM Cushing^® MLP Premier Fund

Portfolio of Investments August 31, 2026^†^{^}(Unaudited)

	Shares	Value
Common Stocks 72.5%
Canadian Midstream 4.8%
Canada 4.8%
Keyera Corp.	1,420,000	$ 61,586,782
Crude Oil & Refined Products 2.0%
Canada 2.0%
South Bow Corp.	700,000	26,439,000
Fuel Distribution 1.2%
United States 1.2%
Sunococorp LLC	200,000	15,540,000
Large Cap Diversified C Corps 32.9%
Canada 10.7%
Enbridge, Inc.	620,000	31,353,400
Pembina Pipeline Corp.	1,150,000	56,005,000
TC Energy Corp.	820,000	51,274,600
United States 22.2%
Cheniere Energy, Inc.	250,000	72,922,500
Kinder Morgan, Inc.	1,420,000	45,780,800
ONEOK, Inc.	650,000	62,406,500
Williams Cos., Inc. (The)	1,400,000	105,070,000
		424,812,800
Natural Gas Gatherers & Processors 14.5%
United States 14.5%
Kinetik Holdings, Inc.	1,180,000	64,699,400
Targa Resources Corp.	420,000	123,333,000
		188,032,400
Natural Gas Transportation & Storage 7.6%
United States 7.6%
DT Midstream, Inc.	480,000	62,889,600
Excelerate Energy, Inc., Class A	420,000	16,640,400
Venture Global, Inc., Class A	1,300,000	19,032,000
		98,562,000
Oil Field Services 3.8%
United States 3.8%
Kodiak Gas Services, Inc.	400,000	23,508,000
Solaris Energy Infrastructure, Inc.	500,000	25,385,000
		48,893,000
Refiners 2.8%
United States 2.8%
Marathon Petroleum Corp.	60,000	22,399,200
Phillips 66	57,000	14,055,060
		36,454,260

†	Percentages indicated are based on Fund net assets.
^	Industry classifications may be different than those used for compliance monitoring purposes.
(a)	Current yield as of August 31, 2026.

Investments in Affiliates (in 000's)

Investments in issuers considered to be affiliate(s) of the Fund during the period ended August 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Investment Companies	Value, Beginning of Period	Purchases at Cost	Proceeds from Sales	Net Realized Gain/(Loss) on Sales	Change in Unrealized Appreciation/ (Depreciation)	Value, End of Period	Dividend Income	Other Distributions	Shares End of Period
NYLIM U.S. Government Liquidity Fund	$ 63,610	$ 168,018	$ (229,765)	$ —	$ —	$ 1,863	$ 436	$ —	1,863

Abbreviation(s):

MLP—Master Limited Partnership

The following is a summary of the fair valuations according to the inputs used as of August 31, 2026, for valuing the Fund’s assets:

Description	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total
Asset Valuation Inputs
Investments in Securities (a)
Common Stocks	$ 937,115,542	$ —	$ —	$ 937,115,542
MLP Investments and Related Companies	355,409,600	—	—	355,409,600
Short-Term Investment
Affiliated Investment Company	1,862,753	—	—	1,862,753
Total Investments in Securities	$ 1,294,387,895	$ —	$ —	$ 1,294,387,895

(a)	For a complete listing of investments and their industries, see the Portfolio of Investments.

NYLIM Funds Trust

(formerly known as New York Life Investments Funds Trust) Notes to Portfolio of Investments August 31, 2026 (Unaudited)

Securities Valuation.

This report is exclusively for the NYLIM Cushing^® MLP Premier Fund (the "Fund") (formerly known as NYLI Cushing^® MLP Premier Fund).

Investments are usually valued as of the close of regular trading on the New York Stock Exchange (the "Exchange") (usually 4:00 p.m. Eastern time) on each day the Fund is open for business ("valuation date").

Pursuant to Rule 2a-5 under the 1940 Act, the Board of Trustees of the Trust (the "Board") has designated New York Life Investment Management LLC as its Valuation Designee (the "Valuation Designee"). The Valuation Designee is responsible for performing fair valuations relating to all investments in the Fund’s portfolio for which market quotations are not readily available; periodically assessing and managing material valuation risks; establishing and applying fair value methodologies; testing fair valuation methodologies; evaluating and overseeing pricing services; ensuring appropriate segregation of valuation and portfolio management functions; providing quarterly, annual and prompt reporting to the Board, as appropriate; identifying potential conflicts of interest; and maintaining appropriate records. The Valuation Designee has established a valuation committee ("Valuation Committee") to assist in carrying out the Valuation Designee’s responsibilities and establish prices of securities for which market quotations are not readily available. The Fund’s and the Valuation Designee's policies and procedures ("Valuation Procedures") govern the Valuation Designee’s selection and application of methodologies for determining and calculating the fair value of Fund investments. The Valuation Designee may value the Fund's portfolio securities for which market quotations are not readily available and other Fund assets utilizing inputs from pricing services and other third-party sources. The Valuation Committee meets (in person, via electronic mail or via teleconference) on an ad-hoc basis to determine fair valuations and on a quarterly basis to review fair value events with respect to certain securities for which market quotations are not readily available, including valuation risks and back-testing results, and to preview reports to the Board.

The Valuation Committee establishes prices of securities for which market quotations are not readily available based on such methodologies and measurements on a regular basis after considering information that is reasonably available and deemed relevant by the Valuation Committee. The Board shall oversee the Valuation Designee and review fair valuation materials on a prompt, quarterly and annual basis and approve proposed revisions to the Valuation Procedures.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to the Valuation Procedures. A market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable. "Fair value" is defined as the price the Fund would reasonably expect to receive upon selling an asset or liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the asset or liability. Fair value measurements are determined within a framework that establishes a three-tier hierarchy that maximizes the use of observable market data and minimizes the use of unobservable inputs to establish a classification of fair value measurements for disclosure purposes. "Inputs" refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, such as the risk inherent in a particular valuation technique used to measure fair value using a pricing model and/or the risk inherent in the inputs for the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the information available. The inputs or methodologies used for valuing assets or liabilities may not be an indication of the risks associated with investing in those assets or liabilities. The three-tier hierarchy of inputs is summarized below.

•	Level 1—quoted prices (unadjusted) in active markets for an identical asset or liability
•	Level 2—other significant observable inputs (including quoted prices for a similar asset or liability in active markets, interest rates and yield curves, prepayment speeds, credit risk, etc.)
•	Level 3—significant unobservable inputs (including the Fund's own assumptions about the assumptions that market participants would use in measuring fair value of an asset or liability)

The level of an asset or liability within the fair value hierarchy is based on the lowest level of an input, both individually and in the aggregate, that is significant to the fair value measurement. The aggregate value by input level of the Fund’s assets and liabilities as of August 31, 2026, is included at the end of the Portfolio of Investments.

The Fund may use third-party vendor evaluations, whose prices may be derived from one or more of the following standard inputs, among others:

• Benchmark yields	• Reported trades
• Broker/dealer quotes	• Issuer spreads
• Two-sided markets	• Benchmark securities
• Bids/offers	• Reference data (corporate actions or material event notices)
• Industry and economic events	• Comparable bonds
• Monthly payment information

An asset or liability for which a market quotation is not readily available is valued by methods deemed reasonable in good faith by the Valuation Committee, following the Valuation Procedures to represent fair value. Under these procedures, the Valuation Designee generally uses a market-based approach which may use related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information. The Valuation Designee may also use an income-based valuation approach in which the anticipated future cash flows of the asset or liability are discounted to calculate fair value. Fair value represents a good faith approximation of the value of a security. Fair value determinations involve the consideration of a number of subjective factors, an analysis of applicable facts and circumstances and the exercise of judgment. As a result, it is possible that the fair value for a security determined in good faith in accordance with the Valuation Procedures may differ from valuations for the same security determined for other funds using their own valuation procedures. Although the Valuation Procedures are designed to value a security at the price the Fund may reasonably expect to receive upon the security's sale on the valuation date in an orderly transaction, there can be no assurance that any fair value determination thereunder would, in fact, approximate the amount that the Fund would actually realize upon the sale of the security or the price at which the security would trade if a reliable market price were readily available. During the period ended August 31, 2026, there were no material changes to the fair value methodologies.

Securities which may be valued in this manner include, but are not limited to: (i) a security for which trading has been halted or suspended or otherwise does not have a readily available market quotation on a given day; (ii) a debt security that has recently gone into default and for which there is not a current market quotation; (iii) a security of an issuer that has entered into a restructuring; (iv) a security that has been delisted from a national exchange; (v) a security subject to trading collars for which no or limited trading takes place; and (vi) a security whose principal market has been temporarily closed at a time when, under normal conditions, it would be open. Securities valued in this manner are generally categorized as Level 2 or 3 in the hierarchy.

Certain securities held by the Fund may principally trade in foreign markets. Events may occur between the time the foreign markets close and the time at which each of the Fund's net asset values ("NAVs") are calculated. These events may include, but are not limited to, situations relating to a single issuer in a market sector, significant fluctuations in U.S. or foreign markets, natural disasters, armed conflicts, governmental actions or other developments not tied directly to the securities markets. Should the Valuation Designee conclude that such events may have affected the accuracy of the last price of such securities reported on the local foreign market, the Valuation Designee may, pursuant to the Valuation Procedures, adjust the value of the local price to reflect the estimated impact on the price of such securities as a result of such events. In this instance, securities are generally categorized as Level 3 in the hierarchy. Additionally, certain foreign equity securities are also fair valued whenever the movement of a particular index exceeds certain thresholds. In such cases, the securities are fair valued by applying factors provided by a third-party vendor in accordance with the Valuation Procedures and are generally categorized as Level 2 in the hierarchy.

Equity securities, rights and warrants, if applicable, are valued at the last quoted sales prices as of the close of regular trading on the relevant exchange on each valuation date. Securities that are not traded on the valuation date are valued at the mean of the last quoted bid and ask prices. Prices are normally taken from the principal market in which each security trades. These securities are generally categorized as Level 1 in the hierarchy.

Investments in mutual funds, including money market funds, are valued at their respective NAVs at the close of business each day on the valuation date. These securities are generally categorized as Level 1 in the hierarchy.

Temporary cash investments acquired in excess of 60 days to maturity at the time of purchase are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities and ratings), both as furnished by independent pricing services. Temporary cash investments that mature in 60 days or less at the time of purchase are valued using the amortized cost method of valuation, unless the use of such method would be inappropriate. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of the difference between such cost and the principal on maturity date. In such cases, amortized cost approximates the current fair value of a security. Securities valued using the amortized cost method are not valued using quoted prices in an active market and are generally categorized as Level 2 in the hierarchy.

The information above is not intended to reflect an exhaustive list of the methodologies that may be used to value portfolio investments. The Valuation Procedures permit the use of a variety of valuation methodologies in connection with valuing portfolio investments. The methodology used for a specific

	Shares	Value
Upstream Corp 1.0%
United States 1.0%
EQT Corp.	235,000	$ 12,732,300
Water Midstream 1.9%
United States 1.9%
Select Water Solutions, Inc.	810,000	15,795,000
WaterBridge Infrastructure LLC, Class A	260,000	8,268,000
		24,063,000
Total Common Stocks (Cost $635,745,672)		937,115,542
MLP Investments and Related Companies 27.5%
Large Cap Diversified C Corps 6.1%
United States 6.1%
Plains GP Holdings LP, Class A	2,800,000	79,016,000
Large Cap MLP 18.0%
United States 18.0%
Energy Transfer LP	5,600,000	120,456,000
Enterprise Products Partners LP	1,530,000	59,394,600
MPLX LP	900,000	53,253,000
		233,103,600
Natural Gas Gatherers & Processors 3.4%
United States 3.4%
Western Midstream Partners LP	900,000	43,290,000
Total MLP Investments and Related Companies (Cost $216,547,844)		355,409,600
Short-Term Investment 0.1%
Affiliated Investment Company 0.1%
United States 0.1%
NYLIM U.S. Government Liquidity Fund 3.543% (a)	1,862,753	1,862,753
Total Short-Term Investment (Cost $1,862,753)		1,862,753
Total Investments (Cost $854,156,269)	100.1%	1,294,387,895
Other Assets, Less Liabilities	(0.1)	(1,513,006)
Net Assets	100.0%	$ 1,292,874,889