MWFVX Fees and Costs — NYLI Equity ETF Allocation Fund, SIMPLE Class
Data updated: 2026-09-23
The net expense ratio is 0.99%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $54K in broker commissions, 0.0411% of average net assets, and portfolio turnover was 46%.
MWFVX Fees and Expenses
Annual operating expenses and sales charges of MWFVX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
MWFVX Costs Over Time
On $10,000 invested in MWFVX, assuming 5% a year before costs, total costs come to $645 over 5 years, cutting the return by 1.08% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $645 |
| Value after costs | $10,392 | $11,222 | $12,118 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
MWFVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0411%
- Total broker commissions: $54K
- Bought from dealers (principal trades, not a cost): $82.5M
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $5.6M
- Net income from securities lending: $21K (0.016% of average net assets)
MWFVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $27K | 50.99% |
| Citadel Securities LLC | $26K | 49.01% |
MWFVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $28.5M | 34.51% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $14.4M | 17.40% |
| BofA Securities, Inc. | $14.0M | 16.97% |
| Citadel Securities LLC | $13.9M | 16.86% |
| Jane Street Execution Services, LLC | $8.1M | 9.80% |
| Susquehanna Financial Group, LLLP | $2.2M | 2.62% |
| Virtu Americas LLC | $1.5M | 1.85% |
NYLI Equity ETF 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 |
|---|---|---|---|
| MWFIX | Class I | 0.49% | none |
| MWFAX | Class A | 0.74% | 3.00% |
| MWFVX | SIMPLE Class | 0.99% | none |
| MWFQX | Class R3 | 1.09% | none |
| MWFCX | Class C | 1.49% | 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.