UTAVX Fees and Costs — NYLI MacKay Utah Muni Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 0.80%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.13% other expenses, less a 0.03% fee waiver. This share class carries a maximum front-end sales load of 3.00%. In fiscal 2025 the fund paid $874 in broker commissions, 0.0004% of average net assets, and portfolio turnover was 74%.
UTAVX Fees and Expenses
Annual operating expenses and sales charges of UTAVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.80% |
| 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 |
UTAVX Costs Over Time
On $10,000 invested in UTAVX, assuming 5% a year before costs, total costs come to $870 over 5 years, cutting the return by 1.47% 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 0.80%) | $81 | $255 | $443 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $15 | $60 | $128 |
| Total costs | $397 | $615 | $870 |
| Value after costs | $10,103 | $10,961 | $11,892 |
| Impact on return, per year | 3.97% | 1.89% | 1.47% |
UTAVX 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): 0.0004%
- Total broker commissions: $874
- Bought from dealers (principal trades, not a cost): $569.2M
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
UTAVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $874 | 100.00% |
UTAVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $278.5M | 58.55% |
| Stifel, Nicolaus & Company, Incorporated | $38.3M | 8.06% |
| Wells Fargo Securities, LLC | $25.7M | 5.40% |
| Pershing LLC | $25.5M | 5.36% |
| BofA Securities, Inc. | $25.2M | 5.31% |
| Goldman Sachs & Co. LLC | $21.4M | 4.49% |
| Morgan Stanley & Co. LLC | $17.4M | 3.66% |
| Piper Sandler & Co. | $16.1M | 3.38% |
| RBC Capital Markets, LLC | $14.7M | 3.10% |
| UBS Securities LLC | $12.8M | 2.69% |
NYLI MacKay Utah Muni Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UTAYX | Class I | 0.55% | none |
| UTAHX | Class Z | 0.78% | 3.00% |
| UTAVX | Class A | 0.80% | 3.00% |
| UTACX | Class C | 1.10% | 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.