CNMCX Fees and Costs — Core Fixed Income Fund, Class C
Data updated: 2026-09-25
The net expense ratio is 1.62%: a 0.37% management fee, a 1.00% 12b-1 fee plus 0.24% other expenses. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 13%.
CNMCX Fees and Expenses
Annual operating expenses and sales charges of CNMCX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.62% |
| Fee waiver | — |
| Net expense ratio | 1.62% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CNMCX Costs Over Time
On $10,000 invested in CNMCX, assuming 5% a year before costs, total costs come to $1,001 over 5 years, cutting the return by 1.70% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.62%) | $170 | $527 | $908 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $273 | $554 | $1,001 |
| Value after costs | $10,227 | $11,023 | $11,762 |
| Impact on return, per year | 2.73% | 1.70% | 1.70% |
CNMCX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.1B
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $8.8M
- Net income from securities lending: $60K (0.001% of average net assets)
CNMCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $359.5M | 21.06% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $339.3M | 19.87% |
| CITIGROUP GLOBAL MARKETS | $179.9M | 10.54% |
| GOLDMAN SACHS CO. | $162.9M | 9.54% |
| BARCLAYS CAPITAL INC. | $161.4M | 9.45% |
| BNP PARIBAS SECURITIES CORP | $127.6M | 7.47% |
| NOMURA SECURITIES INT'L INC. | $109.0M | 6.39% |
| MORGAN STANLEY & CO. LLC. | $101.5M | 5.94% |
| WELLS FARGO SECURITIES LLC | $86.5M | 5.07% |
| BMO CAPITAL MARKETS | $79.8M | 4.67% |
Core Fixed 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 |
|---|---|---|---|
| PICNX | Class R-6 | 0.34% | none |
| PIOIX | Institutional Class | 0.43% | none |
| PIOJX | Class J | 0.57% | none |
| PIOQX | Class R-5 | 0.59% | none |
| CMPIX | Class A | 0.71% | 2.25% |
| PIOOX | Class R-3 | 0.90% | none |
| CNMCX | Class C | 1.62% | 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.