EXCIX Fees and Costs — Core Bond Series, Class I
Data updated: 2026-08-21
The net expense ratio is 0.45%: a 0.25% management fee plus 0.20% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 38%.
EXCIX Fees and Expenses
Annual operating expenses and sales charges of EXCIX. Prospectus, as of March 13, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 | Yes |
EXCIX Costs Over Time
On $10,000 invested in EXCIX, assuming 5% a year before costs, total costs come to $285 over 5 years, cutting the return by 0.47% 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 |
| Fund expenses (net expense ratio 0.45%) | $47 | $148 | $259 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $285 |
| Value after costs | $10,453 | $11,421 | $12,478 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
EXCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $506.0M
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
EXCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $117.1M | 31.02% |
| CITADEL SECURITIES LLC | $56.3M | 14.93% |
| BMO CAPITAL MARKETS CORP. | $41.2M | 10.90% |
| TD SECURITIES (USA) LLC | $40.3M | 10.69% |
| WELLS FARGO SECURITIES, LLC | $39.0M | 10.33% |
| BARCLAYS CAPITAL, INC. | $27.4M | 7.25% |
| SANTANDER INVESTMENT SECURITIES INC. | $15.4M | 4.08% |
| J.P. Morgan Securities LLC | $14.4M | 3.82% |
| JANE STREET EXECUTION SERVICES, LLC | $13.8M | 3.65% |
| BOFA SECURITIES, INC. | $12.6M | 3.34% |
Core Bond Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MCBWX | Class W | 0.05% | — |
| MCBZX | Class Z | 0.30% | — |
| EXCIX | Class I | 0.45% | — |
| EXCRX | Class S | 0.66% | — |
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.