MTRAX Fees and Costs — NYLI Income Builder Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 1.02%: a 0.63% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses. This share class carries a maximum front-end sales load of 3.00%. In fiscal 2025 the fund paid $372K in broker commissions, 0.0358% of average net assets, and portfolio turnover was 50%.
MTRAX Fees and Expenses
Annual operating expenses and sales charges of MTRAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 1.02% |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | 3.00% |
| 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 |
MTRAX Costs Over Time
On $10,000 invested in MTRAX, assuming 5% a year before costs, total costs come to $1,023 over 5 years, cutting the return by 1.74% 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 | $300 | $300 | $300 |
| Fund expenses (net expense ratio 1.02%) | $104 | $324 | $561 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $15 | $64 | $142 |
| Total costs | $423 | $699 | $1,023 |
| Value after costs | $10,077 | $10,877 | $11,740 |
| Impact on return, per year | 4.23% | 2.16% | 1.74% |
MTRAX 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): 0.0358%
- Total broker commissions: $372K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $7.6M
- Net income from securities lending: $78K (0.008% of average net assets)
MTRAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $133K | 43.96% |
| UBS Securities LLC | $28K | 9.25% |
| Barclays Capital, Inc. | $27K | 9.02% |
| J.P. Morgan Securities LLC | $22K | 7.17% |
| Morgan Stanley & Co. LLC | $20K | 6.60% |
| Goldman Sachs & Co. LLC | $16K | 5.28% |
| Jefferies LLC | $14K | 4.76% |
| BNP Paribas Securities Corp. | $14K | 4.69% |
| Instinet, LLC | $14K | 4.68% |
| BofA Securities, Inc. | $14K | 4.60% |
MTRAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $634.7M | 58.62% |
| Citadel Securities LLC | $112.6M | 10.40% |
| BofA Securities, Inc. | $97.6M | 9.01% |
| Bank of Montreal | $47.2M | 4.36% |
| Citigroup Global Markets Inc. | $39.7M | 3.67% |
| Nomura Securities International, Inc. | $39.1M | 3.61% |
| Barclays Capital, Inc. | $33.2M | 3.07% |
| Goldman Sachs & Co. LLC | $31.6M | 2.92% |
| Pershing LLC | $26.7M | 2.46% |
| StoneX Financial, Inc | $20.3M | 1.88% |
NYLI Income Builder Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MTODX | Class R6 | 0.69% | none |
| MTOIX | Class I | 0.77% | none |
| MTRAX | Class A | 1.02% | 3.00% |
| MTINX | Investor Class | 1.28% | 2.50% |
| MTISX | Simple Class | 1.28% | none |
| MCTRX | Class C | 2.03% | none |
| MKTRX | Class B | 2.03% | 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.