MTBDX Fees and Costs — NYLI MacKay Tax Free Bond Fund, Class R6
Data updated: 2026-09-23
The net expense ratio is 0.43%: a 0.41% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $27K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 54%.
MTBDX Fees and Expenses
Annual operating expenses and sales charges of MTBDX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.43% |
| Fee waiver | — |
| Net expense ratio | 0.43% |
| 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 | No |
| Waived fees subject to recoupment | No |
MTBDX Costs Over Time
On $10,000 invested in MTBDX, assuming 5% a year before costs, total costs come to $272 over 5 years, cutting the return by 0.45% 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 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $272 |
| Value after costs | $10,455 | $11,427 | $12,491 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
MTBDX 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): 0.0003%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $13.8B
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
MTBDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $27K | 100.00% |
MTBDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.8B | 41.09% |
| BofA Securities, Inc. | $1.7B | 14.29% |
| Morgan Stanley & Co. LLC | $1.2B | 10.48% |
| Goldman Sachs & Co. LLC | $965.9M | 8.31% |
| Wells Fargo Securities, LLC | $816.3M | 7.02% |
| RBC Capital Markets, LLC | $644.8M | 5.54% |
| Barclays Capital, Inc. | $575.7M | 4.95% |
| Truist Securities, Inc. | $348.5M | 3.00% |
| Raymond James & Associates, Inc. | $337.9M | 2.91% |
| Jefferies LLC | $281.7M | 2.42% |
NYLI MacKay Tax Free Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MTBDX | Class R6 | 0.43% | none |
| MTBIX | Class I | 0.49% | none |
| MTBAX | Class A | 0.74% | 3.00% |
| MKINX | Investor Class | 0.78% | 2.50% |
| MKTBX | Class B | 1.03% | none |
| MTFCX | Class C | 1.03% | none |
| MTSPX | Class C2 | 1.18% | 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.