MDNCX Fees and Costs — MainStay Defensive ETF Allocation Fund, Class C
Data updated: 2024-03-25
The net expense ratio is 1.69% (2.97% before fee waivers). This share class carries a deferred sales charge of up to 1.00%. In fiscal 2023 the fund paid $5K in broker commissions, 0.0533% of average net assets, and portfolio turnover was 64%.
MDNCX Fees and Expenses
Annual operating expenses and sales charges of MDNCX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 1.00% |
| Other expenses | 1.63% |
| Gross expense ratio | 2.97% |
| Fee waiver | −1.28% |
| Net expense ratio | 1.69% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MDNCX Costs Over Time
On $10,000 invested in MDNCX, assuming 5% a year before costs, total costs come to $1,074 over 5 years, cutting the return by 1.83% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.69%) | $177 | $549 | $945 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $286 | $595 | $1,074 |
| Value after costs | $10,214 | $10,981 | $11,688 |
| Impact on return, per year | 2.86% | 1.83% | 1.83% |
MDNCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0533%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $14.3M
- Portfolio turnover (prospectus): 64%
- Securities on loan, average value: $2.0M
- Net income from securities lending: $40K (0.398% of average net assets)
MDNCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $3K | 62.75% |
| Citigroup Global Markets Inc. | $2K | 36.46% |
| Instinet, LLC | $34 | 0.64% |
| Jefferies LLC | $8 | 0.15% |
MDNCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $10.8M | 75.46% |
| Citadel Securities LLC | $1.5M | 10.72% |
| Virtu Americas LLC | $1.3M | 9.00% |
| Jane Street Execution Services, LLC | $437K | 3.06% |
| Goldman Sachs & Co. LLC | $252K | 1.76% |
| Citigroup Global Markets Inc. | $547 | 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.