MMAEX Fees and Costs — MainStay ESG Multi-Asset Allocation Fund, Class A
Data updated: 2024-03-25
The net expense ratio is 0.98% (2.00% before fee waivers). This share class carries a maximum front-end sales load of 3.00%. In fiscal 2023 the fund paid $6K in broker commissions, 0.0510% of average net assets, and portfolio turnover was 142%.
MMAEX Fees and Expenses
Annual operating expenses and sales charges of MMAEX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.37% |
| Gross expense ratio | 2.00% |
| Fee waiver | −1.02% |
| Net expense ratio | 0.98% |
| 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 |
MMAEX Costs Over Time
On $10,000 invested in MMAEX, assuming 5% a year before costs, total costs come to $1,008 over 5 years, cutting the return by 1.71% 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 0.98%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $15 | $64 | $140 |
| Total costs | $420 | $691 | $1,008 |
| Value after costs | $10,080 | $10,885 | $11,755 |
| Impact on return, per year | 4.20% | 2.13% | 1.71% |
MMAEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0510%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $35.4M
- Portfolio turnover (prospectus): 142%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $49K (0.439% of average net assets)
MMAEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $3K | 61.06% |
| Citigroup Global Markets Inc. | $2K | 38.62% |
| CLSA Americas, LLC | $12 | 0.21% |
| Jane Street Capital, LLC | $6 | 0.11% |
MMAEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $13.5M | 38.16% |
| Citadel Securities LLC | $10.0M | 28.18% |
| Virtu Americas LLC | $7.6M | 21.49% |
| Jane Street Execution Services, LLC | $3.5M | 10.02% |
| Jane Street Capital, LLC | $489K | 1.38% |
| Goldman Sachs & Co. LLC | $155K | 0.44% |
| TMC Bonds L.L.C. | $119K | 0.34% |
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.