MYCIX Fees and Costs — MainStay MacKay U.S. Equity Opportunities Fund, Class I
Data updated: 2021-03-30
The net expense ratio is 1.31%: a 1.00% management fee plus 0.63% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $515K in broker commissions, 0.2250% of average net assets, and portfolio turnover was 176%.
MYCIX Fees and Expenses
Annual operating expenses and sales charges of MYCIX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.63% |
| Gross expense ratio | 1.63% |
| Fee waiver | −0.32% |
| Net expense ratio | 1.31% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
MYCIX Costs Over Time
On $10,000 invested in MYCIX, assuming 5% a year before costs, total costs come to $950 over 5 years, cutting the return by 1.61% 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 1.31%) | $138 | $427 | $736 |
| Trading costs (broker commissions) | $24 | $73 | $126 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $161 | $525 | $950 |
| Value after costs | $10,339 | $11,051 | $11,813 |
| Impact on return, per year | 1.61% | 1.61% | 1.61% |
MYCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.2250%
- Total broker commissions: $515K
- Bought from dealers (principal trades, not a cost): $339.8M
- Portfolio turnover (prospectus): 176%
- Securities on loan, average value: $10K
- Net income from securities lending: $113 (0.000% of average net assets)
MYCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Itg LLC | $95K | 20.13% |
| Guardian Capital LP | $79K | 16.83% |
| UBS Securities LLC | $56K | 11.84% |
| SG Americas Securities, LLC | $55K | 11.73% |
| Morgan Stanley & Co. LLC | $43K | 9.16% |
| Jefferies LLC | $43K | 9.12% |
| Goldman Sachs & Co. LLC | $33K | 7.12% |
| Citigroup Global Markets Inc. | $24K | 5.14% |
| Instinet, LLC | $21K | 4.55% |
| BofA Securities, Inc. | $21K | 4.39% |
MYCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $189.4M | 55.74% |
| SG Americas Securities, LLC | $82.0M | 24.13% |
| Citigroup Global Markets Inc. | $46.0M | 13.53% |
| Guardian Capital LP | $14.0M | 4.11% |
| Goldman Sachs & Co. LLC | $4.8M | 1.41% |
| Virtu Itg LLC | $2.1M | 0.61% |
| Societe Generale | $759K | 0.22% |
| BofA Securities, Inc. | $501K | 0.15% |
| UBS Securities LLC | $291K | 0.09% |
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.