STAYX Fees and Costs — Tax-Advantage Income Fund, Class Y
Data updated: 2026-07-29
The net expense ratio is 0.83%: a 0.50% management fee plus 0.33% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0008% of average net assets, and portfolio turnover was 20%.
STAYX Fees and Expenses
Annual operating expenses and sales charges of STAYX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 0.83% |
| Fee waiver | — |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
STAYX Costs Over Time
On $10,000 invested in STAYX, assuming 5% a year before costs, total costs come to $521 over 5 years, cutting the return by 0.87% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $286 | $521 |
| Value after costs | $10,413 | $11,290 | $12,241 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
STAYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0008%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $873.1M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
STAYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $7K | 100.00% |
STAYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $191.4M | 26.95% |
| WELLS FARGO | $129.2M | 18.20% |
| BAML | $90.9M | 12.80% |
| MORGAN STANLEY & CO, INC | $70.6M | 9.94% |
| BANK OF MONTREAL | $55.6M | 7.83% |
| GOLDMAN, SACHS & CO. | $44.4M | 6.25% |
| BARCLAY BANK PLC | $34.9M | 4.92% |
| JEFFERIES LLC | $31.8M | 4.48% |
| FMS | $30.6M | 4.31% |
| MIZUHO SECURITIES | $30.6M | 4.30% |
Tax-Advantage Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| STAYX | Class Y | 0.83% | — |
| SEATX | Class F | 1.08% | — |
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.