MMRDX Fees and Costs — NYLI Moderate Allocation Fund, Investor Class
Data updated: 2026-09-23
The net expense ratio is 1.07% (1.21% before fee waivers). This share class carries a maximum front-end sales load of 2.50%. In fiscal 2025 the fund paid $177K in broker commissions, 0.0226% of average net assets, and portfolio turnover was 17%.
MMRDX Fees and Expenses
Annual operating expenses and sales charges of MMRDX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.44% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.07% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
MMRDX Costs Over Time
On $10,000 invested in MMRDX, assuming 5% a year before costs, total costs come to $984 over 5 years, cutting the return by 1.67% 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 1.07%) | $110 | $341 | $592 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $12 | $57 | $130 |
| Total costs | $374 | $655 | $984 |
| Value after costs | $10,126 | $10,921 | $11,779 |
| Impact on return, per year | 3.74% | 2.02% | 1.67% |
MMRDX 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): 0.0226%
- Total broker commissions: $177K
- Bought from dealers (principal trades, not a cost): $342.0M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
MMRDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $147K | 82.78% |
| J.P. Morgan Securities LLC | $31K | 17.22% |
MMRDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $282.6M | 82.64% |
| Citadel Securities LLC | $15.5M | 4.53% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $14.5M | 4.25% |
| Virtu Americas LLC | $14.4M | 4.22% |
| Jane Street Execution Services, LLC | $9.9M | 2.91% |
| BofA Securities, Inc. | $3.5M | 1.01% |
| Susquehanna Financial Group, LLLP | $1.5M | 0.44% |
NYLI Moderate Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MMRIX | Class I | 0.63% | none |
| MMRAX | Class A | 0.88% | 3.00% |
| MMRDX | Investor Class | 1.07% | 2.50% |
| MMRSX | SIMPLE Class | 1.13% | none |
| MMRCX | Class C | 1.82% | 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.