EXHAX Fees and Costs — Pro-Blend Maximum Term Series, Class S
Data updated: 2026-09-22
The net expense ratio is 1.10%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $192K in broker commissions, 0.0416% of average net assets, and portfolio turnover was 86%.
EXHAX Fees and Expenses
Annual operating expenses and sales charges of EXHAX. Prospectus, as of February 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.10% |
| 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 |
EXHAX Costs Over Time
On $10,000 invested in EXHAX, assuming 5% a year before costs, total costs come to $712 over 5 years, cutting the return by 1.20% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $19 | $65 |
| Total costs | $120 | $392 | $712 |
| Value after costs | $10,380 | $11,184 | $12,051 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
EXHAX 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): 0.0416%
- Total broker commissions: $192K
- Bought from dealers (principal trades, not a cost): $227.4M
- Portfolio turnover (prospectus): 86%
- Securities lending: none during the year
EXHAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $25K | 14.42% |
| BARCLAYS CAPITAL, INC. | $22K | 12.78% |
| CITIGROUP GLOBAL MARKETS INC. | $20K | 11.82% |
| J.P. MORGAN SECURITIES LLC | $20K | 11.60% |
| GOLDMAN SACHS & CO. LLC | $19K | 11.11% |
| BMO CAPITAL MARKETS CORP. | $17K | 9.90% |
| BOFA SECURITIES, INC. | $15K | 8.62% |
| JEFFERIES LLC | $13K | 7.80% |
| MORGAN STANLEY & CO. LLC | $12K | 6.96% |
| CLSA AMERICAS, LLC | $9K | 5.00% |
EXHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $90.5M | 42.63% |
| CITADEL SECURITIES LLC | $44.0M | 20.71% |
| SANTANDER INVESTMENT SECURITIES INC. | $24.0M | 11.30% |
| CitiGroup Global Markets Inc. | $15.6M | 7.34% |
| BMO CAPITAL MARKETS CORP. | $10.5M | 4.96% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $9.2M | 4.33% |
| BOFA SECURITIES, INC. | $6.3M | 2.97% |
| SG AMERICAS SECURITIES, LLC | $4.7M | 2.24% |
| TD SECURITIES (USA) LLC | $4.5M | 2.10% |
| JANE STREET EXECUTION SERVICES, LLC | $3.0M | 1.43% |
Pro-Blend Maximum Term Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MNHWX | Class W | 0.10% | — |
| MNHIX | Class I | 0.85% | — |
| EXHAX | Class S | 1.10% | — |
| MNHRX | Class R | 1.31% | — |
| MNHCX | Class L | 1.83% | — |
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.