Expense Ratio History

MMSB expense ratio history

IQ MacKay Multi-Sector Income ETF

Fund company
NEW York Life Investments
Type
ETF

0.74%

In basis points
74 basis points
Yearly cost per $10,000
$74
Prospectus dated
31 August 2023, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.96% on 31 August 2023

Fee over time

MMSB expense ratio: 0.96% until 31 Aug 2023, then 0.74%; read at 0.74% on 31 Aug 2023.0.00%0.50%1.00%1.50%Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 20230.96% before0.74% from 31 Aug 2023
MMSB expense ratio: 0.96% until 31 Aug 2023, then 0.74%; read at 0.74% on 31 Aug 2023.0.00%0.50%1.00%1.50%Jun 2022Dec 2022Jun 20230.96% before0.74% from 31 Aug 2023
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
31 Aug 2023 0.74% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-08-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Aug 2023 0.74% Cut from 0.96% to 0.74%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-08-28
30 Jun 2022 0.96% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-06-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.74% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$921 in fees over 10 years

After fees, $10,000 grows to $15,150.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$76
3 years$237
5 years$413
10 years$921

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 2 prospectuses for this share class since 2022. Each one is listed above with a link to the filing.

How we read fees

More NEW York Life Investments funds

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