AZTAX Fees and Costs — NYLI MacKay Arizona Muni Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 0.80%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.10% other expenses. This share class carries a maximum front-end sales load of 3.00%. In fiscal 2025 the fund paid $1K in broker commissions, 0.0010% of average net assets, and portfolio turnover was 65%.
AZTAX Fees and Expenses
Annual operating expenses and sales charges of AZTAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 3.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AZTAX Costs Over Time
On $10,000 invested in AZTAX, assuming 5% a year before costs, total costs come to $871 over 5 years, cutting the return by 1.47% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $300 | $300 | $300 |
| Fund expenses (net expense ratio 0.80%) | $81 | $255 | $443 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $15 | $60 | $128 |
| Total costs | $397 | $615 | $871 |
| Value after costs | $10,103 | $10,961 | $11,892 |
| Impact on return, per year | 3.97% | 1.89% | 1.47% |
AZTAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0010%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $343.4M
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
AZTAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1K | 100.00% |
AZTAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $170.9M | 57.55% |
| Stifel, Nicolaus & Company, Incorporated | $37.8M | 12.72% |
| Pershing LLC | $17.2M | 5.78% |
| RBC Capital Markets, LLC | $12.9M | 4.34% |
| Wells Fargo Securities, LLC | $11.7M | 3.94% |
| BofA Securities, Inc. | $10.7M | 3.62% |
| Morgan Stanley & Co. LLC | $10.5M | 3.53% |
| Truist Securities, Inc. | $10.5M | 3.53% |
| Goldman Sachs & Co. LLC | $8.3M | 2.81% |
| Piper Sandler & Co. | $6.5M | 2.19% |
NYLI MacKay Arizona Muni Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AZTYX | Class I | 0.55% | none |
| AZTFX | Class Z | 0.70% | 3.00% |
| AZTAX | Class A | 0.80% | 3.00% |
| AZTCX | Class C | 1.10% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.