MCKNX Fees and Costs — NYLI Conservative Allocation Fund, Investor Class
Data updated: 2026-09-23
The net expense ratio is 1.04% (1.19% before fee waivers). This share class carries a maximum front-end sales load of 2.50%. In fiscal 2025 the fund paid $81K in broker commissions, 0.0220% of average net assets, and portfolio turnover was 14%.
MCKNX Fees and Expenses
Annual operating expenses and sales charges of MCKNX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.04% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| 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 |
MCKNX Costs Over Time
On $10,000 invested in MCKNX, assuming 5% a year before costs, total costs come to $966 over 5 years, cutting the return by 1.64% 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 | $250 | $250 | $250 |
| Fund expenses (net expense ratio 1.04%) | $106 | $332 | $575 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $13 | $56 | $128 |
| Total costs | $371 | $645 | $966 |
| Value after costs | $10,129 | $10,931 | $11,797 |
| Impact on return, per year | 3.71% | 1.99% | 1.64% |
MCKNX 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): 0.0220%
- Total broker commissions: $81K
- Bought from dealers (principal trades, not a cost): $169.1M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
MCKNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $69K | 84.48% |
| J.P. Morgan Securities LLC | $13K | 15.45% |
| Citadel Securities LLC | $43 | 0.05% |
| Virtu Americas LLC | $8 | 0.01% |
| Jane Street Execution Services, LLC | $2 | 0.00% |
MCKNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $143.2M | 84.70% |
| Jane Street Execution Services, LLC | $7.0M | 4.13% |
| Virtu Americas LLC | $6.8M | 4.03% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $6.5M | 3.87% |
| Citadel Securities LLC | $3.4M | 2.01% |
| BofA Securities, Inc. | $1.6M | 0.94% |
| Susquehanna Financial Group, LLLP | $539K | 0.32% |
NYLI Conservative Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MCKIX | Class I | 0.62% | none |
| MCKAX | Class A | 0.87% | 3.00% |
| MCKNX | Investor Class | 1.04% | 2.50% |
| MCKSX | SIMPLE Class | 1.10% | none |
| MCKCX | Class C | 1.79% | 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.