MMAXX Fees and Costs — NYLI Money Market Fund, Class A
Data updated: 2026-02-26
The net expense ratio is 0.52%: a 0.40% management fee plus 0.12% other expenses. There are no sales loads or redemption fees.
MMAXX Fees and Expenses
Annual operating expenses and sales charges of MMAXX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.52% |
| Fee waiver | — |
| Net expense ratio | 0.52% |
| 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 |
MMAXX Costs Over Time
On $10,000 invested in MMAXX, assuming 5% a year before costs, total costs come to $328 over 5 years, cutting the return by 0.55% 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 0.52%) | $55 | $171 | $298 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $55 | $180 | $328 |
| Value after costs | $10,445 | $11,397 | $12,434 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
MMAXX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $47.9B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
MMAXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $21.2B | 45.72% |
| Scotia Capital (USA) Inc. | $7.1B | 15.42% |
| Bank of Montreal | $6.1B | 13.11% |
| TD SECURITIES (USA) LLC | $5.0B | 10.78% |
| RBC Capital Markets, LLC | $4.9B | 10.54% |
| J.P. Morgan Securities LLC | $564.7M | 1.22% |
| BMO Capital Markets Corp. | $447.1M | 0.96% |
| Goldman Sachs & Co. LLC | $381.4M | 0.82% |
| Barclays Capital, Inc. | $334.6M | 0.72% |
| Nomura Securities International, Inc. | $333.5M | 0.72% |
NYLI Money Market Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MIPXX | Simple Class | 0.47% | none |
| MMAXX | Class A | 0.52% | none |
| MKMXX | Class B | 0.80% | none |
| MKTXX | Investor Class | 0.80% | none |
| MSCXX | Class C | 0.80% | 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.