MMIN Fees and Costs — NYLI MacKay Muni Insured ETF
Data updated: 2026-09-25
The net expense ratio is 0.30%: a 0.40% management fee plus 0.06% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 59%.
MMIN Fees and Expenses
Annual operating expenses and sales charges of MMIN. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.46% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MMIN Costs Over Time
On $10,000 invested in MMIN, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
MMIN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $478.6M
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
MMIN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $62.8M | 19.02% |
| J.P. Morgan Securities LLC | $55.2M | 16.73% |
| MORGAN STANLEY & CO. LLC | $37.9M | 11.48% |
| WELLS FARGO SECURITIES, LLC | $37.9M | 11.46% |
| TMC BONDS L.L.C. | $36.7M | 11.11% |
| STIFEL FINANCIAL CORP. | $28.7M | 8.68% |
| RBC CAPITAL MARKETS, LLC | $24.3M | 7.37% |
| FMSbonds, Inc. | $16.4M | 4.96% |
| MESIROW FINANCIAL, INC. | $15.2M | 4.61% |
| RAYMOND JAMES & ASSOCIATES, INC. | $15.1M | 4.57% |
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.