MATIX Fees and Costs — MainStay Epoch U.S. All Cap Fund, Class I
Data updated: 2021-03-31
The net expense ratio is 0.99%: a 0.85% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $114K in broker commissions, 0.0202% of average net assets, and portfolio turnover was 41%.
MATIX Fees and Expenses
Annual operating expenses and sales charges of MATIX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
MATIX Costs Over Time
On $10,000 invested in MATIX, assuming 5% a year before costs, total costs come to $632 over 5 years, cutting the return by 1.06% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $632 |
| Value after costs | $10,394 | $11,229 | $12,131 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
MATIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0202%
- Total broker commissions: $114K
- Bought from dealers (principal trades, not a cost): $406.4M
- Portfolio turnover (prospectus): 41%
- Securities on loan, average value: $2.9M
- Net income from securities lending: $19K (0.003% of average net assets)
MATIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $18K | 18.86% |
| Sanford C. Bernstein & Co., LLC | $13K | 13.67% |
| J.P. Morgan Securities LLC | $12K | 12.22% |
| BofA Securities, Inc. | $11K | 10.85% |
| UBS Securities LLC | $9K | 9.76% |
| Robert W. Baird & Co. Incorporated | $9K | 8.90% |
| Raymond James & Associates, Inc. | $8K | 8.41% |
| Barclays Capital Inc. | $7K | 7.43% |
| Cowen and Company, LLC | $5K | 5.50% |
| Jefferies LLC | $4K | 4.40% |
MATIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $406.4M | 100.00% |
| Sanford C. Bernstein & Co., LLC | $12 | 0.00% |
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.