MDNIX Fees and Costs — MainStay Defensive ETF Allocation Fund, Class I
Data updated: 2024-03-25
The net expense ratio is 0.69% (1.87% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $5K in broker commissions, 0.0533% of average net assets, and portfolio turnover was 64%.
MDNIX Fees and Expenses
Annual operating expenses and sales charges of MDNIX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.53% |
| Gross expense ratio | 1.87% |
| Fee waiver | −1.18% |
| Net expense ratio | 0.69% |
| 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 |
MDNIX Costs Over Time
On $10,000 invested in MDNIX, assuming 5% a year before costs, total costs come to $467 over 5 years, cutting the return by 0.78% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $6 | $18 | $30 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $256 | $467 |
| Value after costs | $10,422 | $11,320 | $12,295 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
MDNIX 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)
MDNIX 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% |
MDNIX 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.