MGXSX Fees and Costs — NYLI Equity Allocation Fund, SIMPLE Class
Data updated: 2026-09-23
The net expense ratio is 1.23%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $107K in broker commissions, 0.0235% of average net assets, and portfolio turnover was 15%.
MGXSX Fees and Expenses
Annual operating expenses and sales charges of MGXSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.12% |
| Gross expense ratio | 1.23% |
| Fee waiver | — |
| Net expense ratio | 1.23% |
| 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 |
MGXSX Costs Over Time
On $10,000 invested in MGXSX, assuming 5% a year before costs, total costs come to $780 over 5 years, cutting the return by 1.32% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $430 | $780 |
| Value after costs | $10,368 | $11,146 | $11,983 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
MGXSX 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): 0.0235%
- Total broker commissions: $107K
- Bought from dealers (principal trades, not a cost): $199.3M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
MGXSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $90K | 84.07% |
| J.P. Morgan Securities LLC | $17K | 15.93% |
MGXSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $162.6M | 81.57% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $10.5M | 5.26% |
| Citadel Securities LLC | $9.4M | 4.69% |
| BofA Securities, Inc. | $8.9M | 4.47% |
| Virtu Americas LLC | $6.8M | 3.39% |
| Jane Street Execution Services, LLC | $1.1M | 0.54% |
| Susquehanna Financial Group, LLLP | $143K | 0.07% |
NYLI Equity 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 |
|---|---|---|---|
| MGXIX | Class I | 0.74% | none |
| MGXAX | Class A | 0.99% | 3.00% |
| MGXNX | Investor Class | 1.16% | 2.50% |
| MGXSX | SIMPLE Class | 1.23% | none |
| MGXCX | Class C | 1.91% | 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.