CRZZX Fees and Costs — MainStay Cushing Renaissance Advantage Fund, Class I
Data updated: 2020-04-29
The net expense ratio is 1.35%: a 1.10% management fee plus 0.41% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $261K in broker commissions, 0.4244% of average net assets, and portfolio turnover was 97%.
CRZZX Fees and Expenses
Annual operating expenses and sales charges of CRZZX. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
CRZZX Costs Over Time
On $10,000 invested in CRZZX, assuming 5% a year before costs, total costs come to $1,093 over 5 years, cutting the return by 1.86% 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 |
| Fund expenses (net expense ratio 1.35%) | $142 | $439 | $755 |
| Trading costs (broker commissions) | $45 | $138 | $237 |
| Lost growth on money paid in costs | $0 | $29 | $101 |
| Total costs | $186 | $605 | $1,093 |
| Value after costs | $10,314 | $10,971 | $11,670 |
| Impact on return, per year | 1.86% | 1.86% | 1.86% |
CRZZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.4244%
- Total broker commissions: $261K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 97%
- Securities lending: none during the year
CRZZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BAYPOINT TRADING LLC/BASS TRADING | $73K | 39.31% |
| R.B.C. DOMINION SECURITIES INC. | $22K | 11.61% |
| MORGAN STANLEY & CO. INC. | $19K | 10.20% |
| COWEN EXECUTION SERVICES | $13K | 7.13% |
| ISI GROUP INC. | $11K | 5.70% |
| BAIRD ROBERT W. & CO. INCORPORATED | $10K | 5.55% |
| PICKERING ENERGY PARTNERS INC. | $10K | 5.53% |
| SCOTIA CAPITAL INC. | $10K | 5.28% |
| WACHOVIA BANK N.A. | $9K | 4.85% |
| KEYBANC CAPITAL MARKETS INC | $9K | 4.84% |
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.