MGDAX Fees and Costs — NYLI Growth Allocation Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 0.93%. This share class carries a maximum front-end sales load of 3.00%. In fiscal 2025 the fund paid $197K in broker commissions, 0.0237% of average net assets, and portfolio turnover was 17%.
MGDAX Fees and Expenses
Annual operating expenses and sales charges of MGDAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.93% |
| Fee waiver | — |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 3.00% |
| 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 |
MGDAX Costs Over Time
On $10,000 invested in MGDAX, assuming 5% a year before costs, total costs come to $962 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 | $300 | $300 | $300 |
| Fund expenses (net expense ratio 0.93%) | $95 | $296 | $513 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $15 | $62 | $136 |
| Total costs | $412 | $666 | $962 |
| Value after costs | $10,088 | $10,911 | $11,801 |
| Impact on return, per year | 4.12% | 2.05% | 1.63% |
MGDAX 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): 0.0237%
- Total broker commissions: $197K
- Bought from dealers (principal trades, not a cost): $359.7M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
MGDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $164K | 83.33% |
| J.P. Morgan Securities LLC | $33K | 16.66% |
| Virtu Americas LLC | $6 | 0.00% |
MGDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $308.6M | 85.80% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $16.9M | 4.71% |
| Citadel Securities LLC | $13.0M | 3.60% |
| Virtu Americas LLC | $10.5M | 2.92% |
| BofA Securities, Inc. | $5.0M | 1.40% |
| Jane Street Execution Services, LLC | $4.8M | 1.34% |
| Susquehanna Financial Group, LLLP | $865K | 0.24% |
NYLI Growth Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MGDIX | Class I | 0.68% | none |
| MGDAX | Class A | 0.93% | 3.00% |
| MGDNX | Investor Class | 1.12% | 2.50% |
| MGDSX | SIMPLE Class | 1.17% | none |
| MGDCX | Class C | 1.87% | 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.