CURZX Fees and Costs — MainStay Cushing Energy Income Fund, Class I
Data updated: 2020-04-29
The net expense ratio is 1.20%: a 0.95% management fee plus 0.76% other expenses, less a 0.51% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $48K in broker commissions, 0.1621% of average net assets, and portfolio turnover was 34%.
CURZX Fees and Expenses
Annual operating expenses and sales charges of CURZX. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.76% |
| Gross expense ratio | 1.71% |
| Fee waiver | −0.51% |
| Net expense ratio | 1.20% |
| 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 |
CURZX Costs Over Time
On $10,000 invested in CURZX, assuming 5% a year before costs, total costs come to $846 over 5 years, cutting the return by 1.43% 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 1.20%) | $126 | $392 | $677 |
| Trading costs (broker commissions) | $17 | $53 | $91 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $467 | $846 |
| Value after costs | $10,357 | $11,110 | $11,917 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
CURZX 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): 0.1621%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
CURZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PICKERING ENERGY PARTNERS INC. | $9K | 20.18% |
| R.B.C. DOMINION SECURITIES INC. | $8K | 17.34% |
| RAYMOND JAMES & ASSOCIATES INC. | $8K | 17.29% |
| BAYPOINT TRADING LLC/BASS TRADING | $5K | 11.50% |
| GOLDMAN SACHS & CO | $4K | 7.97% |
| CITIBANK GROUP MARKETS | $3K | 6.71% |
| USCA SECURITIES LLC, MEMBER FINRA/SIPC | $3K | 5.77% |
| SCOTIA CAPITAL INC. | $3K | 5.45% |
| WACHOVIA BANK N.A. | $2K | 4.07% |
| MORGAN STANLEY & CO. INC. | $2K | 3.72% |
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.