MKTBX Fees and Costs — NYLI MacKay Tax Free Bond Fund, Class B
Data updated: 2026-09-23
The net expense ratio is 1.03%: a 0.41% management fee, a 0.50% 12b-1 fee plus 0.12% other expenses. This share class carries a deferred sales charge of up to 5.00%. In fiscal 2025 the fund paid $27K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 54%.
MKTBX Fees and Expenses
Annual operating expenses and sales charges of MKTBX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.12% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MKTBX Costs Over Time
On $10,000 invested in MKTBX, assuming 5% a year before costs, total costs come to $644 over 5 years, cutting the return by 1.08% 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 | $520 | $0 | $0 |
| Fund expenses (net expense ratio 1.03%) | $108 | $337 | $585 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $628 | $354 | $644 |
| Value after costs | $9,872 | $11,222 | $12,119 |
| Impact on return, per year | 6.28% | 1.08% | 1.08% |
MKTBX 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): 0.0003%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $13.8B
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
MKTBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $27K | 100.00% |
MKTBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.8B | 41.09% |
| BofA Securities, Inc. | $1.7B | 14.29% |
| Morgan Stanley & Co. LLC | $1.2B | 10.48% |
| Goldman Sachs & Co. LLC | $965.9M | 8.31% |
| Wells Fargo Securities, LLC | $816.3M | 7.02% |
| RBC Capital Markets, LLC | $644.8M | 5.54% |
| Barclays Capital, Inc. | $575.7M | 4.95% |
| Truist Securities, Inc. | $348.5M | 3.00% |
| Raymond James & Associates, Inc. | $337.9M | 2.91% |
| Jefferies LLC | $281.7M | 2.42% |
NYLI MacKay Tax Free Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MTBDX | Class R6 | 0.43% | none |
| MTBIX | Class I | 0.49% | none |
| MTBAX | Class A | 0.74% | 3.00% |
| MKINX | Investor Class | 0.78% | 2.50% |
| MKTBX | Class B | 1.03% | none |
| MTFCX | Class C | 1.03% | none |
| MTSPX | Class C2 | 1.18% | 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.