MainStay Funds Small Account Fee Q&A Draft
My account was over $1,000 for most of the year, why do I have to pay the entire fee? A. Fees are based on the value of the account on or about September 1st and March 1st. It would be cost prohibitive to assess fees based on an individual account basis throughout the year. To avoid the fee you need to maintain a balance of over $1,000 or ... ................
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