MDHVX Fees and Costs — NYLI MacKay Short Duration High Income Fund, Investor Class
Data updated: 2026-09-23
The net expense ratio is 1.05%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.15% other expenses. This share class carries a maximum front-end sales load of 2.50%. In fiscal 2025 the fund paid $54 in broker commissions, and portfolio turnover was 33%.
MDHVX Fees and Expenses
Annual operating expenses and sales charges of MDHVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| 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 |
MDHVX Costs Over Time
On $10,000 invested in MDHVX, assuming 5% a year before costs, total costs come to $959 over 5 years, cutting the return by 1.63% 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 1.05%) | $107 | $335 | $581 |
| Lost growth on money paid in costs | $12 | $56 | $128 |
| Total costs | $370 | $641 | $959 |
| Value after costs | $10,130 | $10,935 | $11,804 |
| Impact on return, per year | 3.70% | 1.98% | 1.63% |
MDHVX 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): —
- Total broker commissions: $54
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
MDHVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $48 | 88.59% |
| BofA Securities, Inc. | $6 | 11.41% |
MDHVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $285.0M | 21.72% |
| Goldman Sachs & Co. LLC | $238.1M | 18.15% |
| BofA Securities, Inc. | $178.6M | 13.61% |
| Wells Fargo Securities, LLC | $109.9M | 8.38% |
| Morgan Stanley & Co. LLC | $106.7M | 8.13% |
| Barclays Capital, Inc. | $104.1M | 7.93% |
| Citigroup Global Markets Inc. | $96.8M | 7.37% |
| Jefferies LLC | $93.3M | 7.11% |
| UBS Securities LLC | $56.7M | 4.32% |
| RBC Capital Markets, LLC | $43.2M | 3.29% |
NYLI MacKay Short Duration High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MDHEX | C000185946 | 0.69% | none |
| MDHIX | Class I | 0.78% | none |
| MDHAX | Class A | 1.02% | 3.00% |
| MDHVX | Investor Class | 1.05% | 2.50% |
| MDHCX | Class C | 1.80% | 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.