MMREX Fees and Costs — MainStay ESG Multi-Asset Allocation Fund, Class R3
Data updated: 2024-03-25
The net expense ratio is 1.33% (2.38% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $6K in broker commissions, 0.0510% of average net assets, and portfolio turnover was 142%.
MMREX Fees and Expenses
Annual operating expenses and sales charges of MMREX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.50% |
| Other expenses | 1.50% |
| Gross expense ratio | 2.38% |
| Fee waiver | −1.05% |
| Net expense ratio | 1.33% |
| 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 |
MMREX Costs Over Time
On $10,000 invested in MMREX, assuming 5% a year before costs, total costs come to $857 over 5 years, cutting the return by 1.45% 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 1.33%) | $140 | $434 | $750 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $145 | $473 | $857 |
| Value after costs | $10,355 | $11,103 | $11,906 |
| Impact on return, per year | 1.45% | 1.45% | 1.45% |
MMREX 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)
MMREX 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% |
MMREX 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.