MXFAX Fees and Costs — NYLI Floating Rate Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 0.96%: a 0.59% management fee, a 0.25% 12b-1 fee plus 0.12% other expenses. This share class carries a maximum front-end sales load of 3.00%. In fiscal 2025 the fund paid $14 in broker commissions, and portfolio turnover was 36%.
MXFAX Fees and Expenses
Annual operating expenses and sales charges of MXFAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| 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 | No |
| Waived fees subject to recoupment | No |
MXFAX Costs Over Time
On $10,000 invested in MXFAX, assuming 5% a year before costs, total costs come to $966 over 5 years, cutting the return by 1.64% 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 0.96%) | $98 | $305 | $530 |
| Lost growth on money paid in costs | $15 | $62 | $136 |
| Total costs | $413 | $668 | $966 |
| Value after costs | $10,087 | $10,909 | $11,797 |
| Impact on return, per year | 4.13% | 2.06% | 1.64% |
MXFAX 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): —
- Total broker commissions: $14
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
MXFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Oppenheimer & Co. Inc. | $14 | 100.00% |
MXFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $376.2M | 19.17% |
| J.P. Morgan Securities LLC | $367.2M | 18.71% |
| Barclays Capital, Inc. | $300.3M | 15.30% |
| Jefferies LLC | $259.8M | 13.24% |
| BofA Securities, Inc. | $181.7M | 9.26% |
| Nomura Securities International, Inc. | $139.9M | 7.13% |
| Goldman Sachs & Co. LLC | $99.6M | 5.08% |
| BMO Capital Markets Corp. | $86.5M | 4.41% |
| Morgan Stanley & Co. LLC | $78.6M | 4.00% |
| Wells Fargo Securities, LLC | $72.6M | 3.70% |
NYLI Floating Rate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MXFEX | Class R6 | 0.64% | none |
| MXFIX | Class I | 0.71% | none |
| MXFAX | Class A | 0.96% | 3.00% |
| MXFNX | Investor Class | 1.11% | 2.50% |
| MXFMX | SIMPLE Class | 1.20% | none |
| MXFCX | Class C | 1.86% | 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.