MTFGX Fees and Costs — NYLI MacKay Strategic Muni Allocation Fund, Class I
Data updated: 2026-09-23
The net expense ratio is 0.49%: a 0.40% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.0005% of average net assets, and portfolio turnover was 47%.
MTFGX Fees and Expenses
Annual operating expenses and sales charges of MTFGX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| 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 |
MTFGX Costs Over Time
On $10,000 invested in MTFGX, assuming 5% a year before costs, total costs come to $310 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $170 | $310 |
| Value after costs | $10,448 | $11,407 | $12,453 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
MTFGX 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
MTFGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $10K | 100.00% |
MTFGX 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.