MSMIX Fees and Costs — NYLI WMC Value Fund, Investor Class
Data updated: 2026-09-23
The net expense ratio is 1.23%: a 0.66% management fee, a 0.25% 12b-1 fee plus 0.32% other expenses. This share class carries a maximum front-end sales load of 5.00%. In fiscal 2025 the fund paid $217K in broker commissions, 0.0224% of average net assets, and portfolio turnover was 43%.
MSMIX Fees and Expenses
Annual operating expenses and sales charges of MSMIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.23% |
| Fee waiver | — |
| Net expense ratio | 1.23% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| 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 |
MSMIX Costs Over Time
On $10,000 invested in MSMIX, assuming 5% a year before costs, total costs come to $1,379 over 5 years, cutting the return by 2.37% 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 | $500 | $500 | $500 |
| Fund expenses (net expense ratio 1.23%) | $123 | $382 | $660 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $25 | $98 | $206 |
| Total costs | $650 | $987 | $1,379 |
| Value after costs | $9,850 | $10,589 | $11,384 |
| Impact on return, per year | 6.50% | 3.07% | 2.37% |
MSMIX 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): 0.0224%
- Total broker commissions: $217K
- Bought from dealers (principal trades, not a cost): $454.0M
- Portfolio turnover (prospectus): 43%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $44K (0.005% of average net assets)
MSMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $50K | 27.75% |
| BofA Securities, Inc. | $28K | 15.76% |
| Morgan Stanley & Co. LLC | $20K | 11.27% |
| Goldman Sachs & Co. LLC | $16K | 8.76% |
| J.P. Morgan Securities LLC | $14K | 7.90% |
| BTIG, LLC | $14K | 7.57% |
| Jefferies LLC | $13K | 7.44% |
| TD SECURITIES (USA) LLC | $10K | 5.65% |
| UBS Securities LLC | $8K | 4.27% |
| Stifel, Nicolaus & Company, Incorporated | $7K | 3.63% |
MSMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $435.5M | 95.93% |
| Barclays Capital, Inc. | $11.7M | 2.58% |
| Wells Fargo Securities, LLC | $4.2M | 0.92% |
| Citigroup Global Markets Inc. | $1.4M | 0.31% |
| Morgan Stanley & Co. LLC | $1.2M | 0.26% |
NYLI WMC Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MMPDX | Class R6 | 0.70% | none |
| MUBFX | Class I | 0.70% | none |
| MAPAX | Class A | 1.02% | 5.50% |
| MSMIX | Investor Class | 1.23% | 5.00% |
| MMPCX | Class C | 1.98% | none |
| MAPBX | Class B | 2.05% | 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.