MTFEX Fees and Costs — NYLI MacKay Strategic Muni Allocation Fund, Investor Class
Data updated: 2026-09-23
The net expense ratio is 0.79%: a 0.40% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses. This share class carries a maximum front-end sales load of 2.50%. In fiscal 2025 the fund paid $10K in broker commissions, 0.0005% of average net assets, and portfolio turnover was 47%.
MTFEX Fees and Expenses
Annual operating expenses and sales charges of MTFEX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| 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 | No |
| Waived fees subject to recoupment | No |
MTFEX Costs Over Time
On $10,000 invested in MTFEX, assuming 5% a year before costs, total costs come to $803 over 5 years, cutting the return by 1.36% 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 0.79%) | $81 | $253 | $440 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $13 | $52 | $113 |
| Total costs | $343 | $555 | $803 |
| Value after costs | $10,157 | $11,021 | $11,960 |
| Impact on return, per year | 3.43% | 1.71% | 1.36% |
MTFEX 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): 0.0005%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $3.9B
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
MTFEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $10K | 100.00% |
MTFEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.8B | 54.97% |
| BofA Securities, Inc. | $280.1M | 8.48% |
| Goldman Sachs & Co. LLC | $211.1M | 6.39% |
| RBC Capital Markets, LLC | $187.0M | 5.66% |
| Stifel, Nicolaus & Company, Incorporated | $176.8M | 5.35% |
| Barclays Capital, Inc. | $164.7M | 4.99% |
| Morgan Stanley & Co. LLC | $142.6M | 4.32% |
| Piper Sandler & Co. | $142.3M | 4.31% |
| Pershing LLC | $94.0M | 2.85% |
| Wells Fargo Securities, LLC | $88.8M | 2.69% |
NYLI MacKay Strategic Muni 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 |
|---|---|---|---|
| MTFHX | Class R6 | 0.45% | none |
| MTFGX | Class I | 0.49% | none |
| MTFZX | Class Z | 0.64% | 3.00% |
| MTFDX | Class A | 0.74% | 3.00% |
| MTFEX | Investor Class | 0.79% | 2.50% |
| MTFFX | Class C | 1.04% | none |
| MTFMX | Class C2 | 1.19% | 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.