MECVX Fees and Costs — NYLI Epoch Capital Growth Fund, Investor Class
Data updated: 2026-09-23
The net expense ratio is 1.42%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.42% other expenses. This share class carries a maximum front-end sales load of 5.00%. In fiscal 2025 the fund paid $64K in broker commissions, 0.0396% of average net assets, and portfolio turnover was 33%.
MECVX Fees and Expenses
Annual operating expenses and sales charges of MECVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.42% |
| Gross expense ratio | 1.42% |
| Fee waiver | — |
| Net expense ratio | 1.42% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| 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 |
MECVX Costs Over Time
On $10,000 invested in MECVX, assuming 5% a year before costs, total costs come to $1,498 over 5 years, cutting the return by 2.59% 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 | $500 | $500 | $500 |
| Fund expenses (net expense ratio 1.42%) | $142 | $440 | $759 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $25 | $101 | $217 |
| Total costs | $671 | $1,053 | $1,498 |
| Value after costs | $9,829 | $10,523 | $11,265 |
| Impact on return, per year | 6.71% | 3.29% | 2.59% |
MECVX 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): 0.0396%
- Total broker commissions: $64K
- Bought from dealers (principal trades, not a cost): $86.3M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $7K (0.005% of average net assets)
MECVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $7K | 17.28% |
| Goldman Sachs & Co. LLC | $6K | 14.15% |
| Daiwa Capital Markets America Inc. | $5K | 13.33% |
| UBS Securities LLC | $5K | 11.20% |
| CLSA Americas, LLC | $4K | 9.93% |
| Mizuho Securities USA LLC | $4K | 9.49% |
| Societe Generale | $3K | 8.05% |
| J.P. Morgan Securities LLC | $2K | 5.76% |
| ODDO BHF SCA | $2K | 5.68% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2K | 5.14% |
MECVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $86.3M | 100.00% |
NYLI Epoch Capital Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MECFX | Class I | 0.90% | none |
| MECDX | Class A | 1.15% | 5.50% |
| MECVX | Investor Class | 1.42% | 5.00% |
| MECEX | Class C | 2.16% | 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.