MSPIX Fees and Costs — NYLI S&P 500 Index Fund, Class I
Data updated: 2026-09-23
The net expense ratio is 0.26%: a 0.16% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 1%.
MSPIX Fees and Expenses
Annual operating expenses and sales charges of MSPIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.26% |
| Fee waiver | — |
| Net expense ratio | 0.26% |
| 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 |
MSPIX Costs Over Time
On $10,000 invested in MSPIX, assuming 5% a year before costs, total costs come to $165 over 5 years, cutting the return by 0.27% 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 0.26%) | $27 | $86 | $150 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $90 | $165 |
| Value after costs | $10,473 | $11,486 | $12,597 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
MSPIX 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): 0.0007%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $425.5M
- Portfolio turnover (prospectus): 1%
- Securities on loan, average value: $3.5M
- Net income from securities lending: $7K (0.000% of average net assets)
MSPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $3K | 28.49% |
| Goldman Sachs & Co. LLC | $3K | 26.44% |
| Citigroup Global Markets Inc. | $3K | 24.39% |
| Virtu Americas LLC | $1K | 12.84% |
| Citadel Securities LLC | $869 | 7.84% |
MSPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $257.9M | 60.62% |
| BofA Securities, Inc. | $86.8M | 20.40% |
| Citadel Securities LLC | $46.7M | 10.98% |
| J.P. Morgan Securities LLC | $34.1M | 8.01% |
NYLI S&P 500 Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MSPIX | Class I | 0.26% | none |
| MSXAX | Class A | 0.51% | 1.50% |
| MSXMX | SIMPLE Class | 0.74% | none |
| MYSPX | Investor Class | 0.79% | 1.00% |
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.