MMHVX Fees and Costs — NYLI MacKay High Yield Muni Bond Fund, Investor Class
Data updated: 2026-09-23
The net expense ratio is 0.91%. This share class carries a maximum front-end sales load of 2.50%. In fiscal 2025 the fund paid $77K in broker commissions, 0.0008% of average net assets, and portfolio turnover was 28%.
MMHVX Fees and Expenses
Annual operating expenses and sales charges of MMHVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MMHVX Costs Over Time
On $10,000 invested in MMHVX, assuming 5% a year before costs, total costs come to $876 over 5 years, cutting the return by 1.48% 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 | $250 | $250 | $250 |
| Fund expenses (net expense ratio 0.91%) | $93 | $291 | $505 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $13 | $54 | $120 |
| Total costs | $356 | $595 | $876 |
| Value after costs | $10,144 | $10,981 | $11,887 |
| Impact on return, per year | 3.56% | 1.83% | 1.48% |
MMHVX 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): 0.0008%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): $7.8B
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
MMHVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $65K | 84.02% |
| Goldman Sachs & Co. LLC | $12K | 15.53% |
| Citadel Securities LLC | $350 | 0.45% |
MMHVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.0B | 57.58% |
| Barclays Capital, Inc. | $682.8M | 9.86% |
| BofA Securities, Inc. | $561.4M | 8.11% |
| Wells Fargo Securities, LLC | $407.9M | 5.89% |
| Piper Sandler & Co. | $344.2M | 4.97% |
| National Financial Services LLC | $263.9M | 3.81% |
| Goldman Sachs & Co. LLC | $258.6M | 3.73% |
| Jefferies LLC | $154.7M | 2.23% |
| RBC Capital Markets, LLC | $135.5M | 1.96% |
| Morgan Stanley & Co. LLC | $129.0M | 1.86% |
NYLI MacKay High Yield Muni 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 |
|---|---|---|---|
| MMHEX | Class R6 | 0.58% | none |
| MMHIX | Class I | 0.63% | none |
| MMHAX | Class A | 0.88% | 3.00% |
| MMHVX | Investor Class | 0.91% | 2.50% |
| MMHDX | Class C | 1.66% | 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.