IQHI Fees and Costs — NYLI MacKay High Income ETF
Data updated: 2026-09-25
The net expense ratio is 0.41%: a 0.40% management fee plus 0.17% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 55%.
IQHI Fees and Expenses
Annual operating expenses and sales charges of IQHI. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.58% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.41% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
IQHI Costs Over Time
On $10,000 invested in IQHI, assuming 5% a year before costs, total costs come to $261 over 5 years, cutting the return by 0.43% 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 0.41%) | $43 | $135 | $236 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $142 | $261 |
| Value after costs | $10,457 | $11,434 | $12,502 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
IQHI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0018%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $127.1M
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $2.7M
- Net income from securities lending: $31K (0.037% of average net assets)
IQHI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $2K | 100.00% |
IQHI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $37.5M | 33.10% |
| GOLDMAN SACHS & CO. LLC | $32.0M | 28.25% |
| CitiGroup Global Markets Inc. | $11.7M | 10.29% |
| MORGAN STANLEY & CO. LLC | $10.1M | 8.92% |
| BOFA SECURITIES, INC. | $6.6M | 5.81% |
| JANE STREET EXECUTION SERVICES, LLC | $3.8M | 3.31% |
| BARCLAYS CAPITAL, INC. | $3.4M | 3.04% |
| JEFFERIES LLC | $3.0M | 2.69% |
| WELLS FARGO SECURITIES, LLC | $2.9M | 2.56% |
| DEUTSCHE BANK SECURITIES, INC. | $2.3M | 2.04% |
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.