FMFAX Fees and Costs — Select Materials Portfolio, Class A
Data updated: 2026-07-24
The net expense ratio is 0.99%: a 0.71% management fee, a 0.25% 12b-1 fee plus 0.03% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $313K in broker commissions, 0.0431% of average net assets, and portfolio turnover was 56%.
FMFAX Fees and Expenses
Annual operating expenses and sales charges of FMFAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FMFAX Costs Over Time
On $10,000 invested in FMFAX, assuming 5% a year before costs, total costs come to $1,343 over 5 years, cutting the return by 2.31% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.99%) | $98 | $306 | $530 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $29 | $106 | $215 |
| Total costs | $706 | $1,000 | $1,343 |
| Value after costs | $9,794 | $10,576 | $11,420 |
| Impact on return, per year | 7.06% | 3.12% | 2.31% |
FMFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0431%
- Total broker commissions: $313K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $15.8M
- Net income from securities lending: $11K (0.002% of average net assets)
FMFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $66K | 26.43% |
| GOLDMAN SACHS GROUP INC (THE) | $41K | 16.66% |
| MORGAN STANLEY | $25K | 9.85% |
| ROYAL BANK OF CANADA | $23K | 9.31% |
| JPMORGAN CHASE and CO | $21K | 8.36% |
| BARCLAYS PLC | $20K | 8.09% |
| UBS GROUP AG | $20K | 7.93% |
| THE BANK OF NOVA SCOTIA | $11K | 4.51% |
| BANK OF MONTREAL QUE | $11K | 4.50% |
| JEFFERIES FINANCIAL GROUP INC | $11K | 4.38% |
Select Materials Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIJFX | Class Z | 0.58% | none |
| FSDPX | Select Materials Portfolio | 0.69% | — |
| FMFEX | Class I | 0.72% | none |
| FMFAX | Class A | 0.99% | 5.75% |
| FMFTX | Class M | 1.24% | 3.50% |
| FMFCX | Class C | 1.74% | 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.