MEOVX Fees and Costs — MainStay MacKay Emerging Markets Equity Fund, Investor Class
Data updated: 2020-03-26
The net expense ratio is 1.73% (2.00% before fee waivers). This share class carries a maximum front-end sales load of 5.50%. In fiscal 2019 the fund paid $217K in broker commissions, 0.2838% of average net assets, and portfolio turnover was 167%.
MEOVX Fees and Expenses
Annual operating expenses and sales charges of MEOVX. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.73% |
| Gross expense ratio | 2.00% |
| Fee waiver | −0.27% |
| Net expense ratio | 1.73% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
MEOVX Costs Over Time
On $10,000 invested in MEOVX, assuming 5% a year before costs, total costs come to $1,868 over 5 years, cutting the return by 3.27% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.73%) | $172 | $530 | $909 |
| Trading costs (broker commissions) | $28 | $87 | $149 |
| Lost growth on money paid in costs | $28 | $117 | $260 |
| Total costs | $777 | $1,284 | $1,868 |
| Value after costs | $9,723 | $10,292 | $10,894 |
| Impact on return, per year | 7.77% | 4.04% | 3.27% |
MEOVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.2838%
- Total broker commissions: $217K
- Bought from dealers (principal trades, not a cost): $47.1M
- Portfolio turnover (prospectus): 167%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $25K (0.033% of average net assets)
MEOVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $46K | 21.47% |
| UBS Securities LLC | $43K | 20.04% |
| CLSA Americas, LLC | $39K | 18.16% |
| J.P. Morgan Securities LLC | $38K | 17.51% |
| SG Americas Securities, LLC | $19K | 8.75% |
| Societe Generale | $18K | 8.57% |
| The Williams Capital Group, L.P. | $7K | 3.28% |
| Deutsche Bank Securities Inc. | $2K | 1.12% |
| SG Securities (HK) Limited | $2K | 0.73% |
| Cantor Fitzgerald & Co. | $789 | 0.37% |
MEOVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $42.2M | 89.59% |
| Guardian Capital LP | $2.5M | 5.22% |
| Virtu Americas LLC | $996K | 2.12% |
| BofA Securities, Inc. | $694K | 1.47% |
| Jane Street Execution Services, LLC | $679K | 1.44% |
| Societe Generale | $74K | 0.16% |
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.