MDAAX Fees and Costs — NYLI Moderate ETF Allocation Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 0.71%. This share class carries a maximum front-end sales load of 3.00%. In fiscal 2026 the fund paid $78K in broker commissions, 0.0424% of average net assets, and portfolio turnover was 51%.
MDAAX Fees and Expenses
Annual operating expenses and sales charges of MDAAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | 3.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MDAAX Costs Over Time
On $10,000 invested in MDAAX, assuming 5% a year before costs, total costs come to $842 over 5 years, cutting the return by 1.42% 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 | $300 | $300 | $300 |
| Fund expenses (net expense ratio 0.71%) | $72 | $226 | $393 |
| Trading costs (broker commissions) | $4 | $14 | $23 |
| Lost growth on money paid in costs | $15 | $59 | $125 |
| Total costs | $392 | $599 | $842 |
| Value after costs | $10,108 | $10,977 | $11,921 |
| Impact on return, per year | 3.92% | 1.84% | 1.42% |
MDAAX 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): 0.0424%
- Total broker commissions: $78K
- Bought from dealers (principal trades, not a cost): $136.5M
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $10.3M
- Net income from securities lending: $108K (0.059% of average net assets)
MDAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $44K | 56.41% |
| Citadel Securities LLC | $34K | 43.59% |
MDAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $56.8M | 41.59% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $20.3M | 14.87% |
| BofA Securities, Inc. | $16.1M | 11.82% |
| Jane Street Execution Services, LLC | $16.1M | 11.80% |
| Citadel Securities LLC | $14.5M | 10.64% |
| Virtu Americas LLC | $6.7M | 4.92% |
| Susquehanna Financial Group, LLLP | $5.9M | 4.35% |
NYLI Moderate ETF 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 |
|---|---|---|---|
| MDAIX | Class I | 0.46% | none |
| MDAAX | Class A | 0.71% | 3.00% |
| MDAVX | SIMPLE Class | 0.98% | none |
| MDARX | Class R3 | 1.06% | none |
| MDAKX | Class C | 1.48% | 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.