FMFEX Fees and Costs — Select Materials Portfolio, Class I
Data updated: 2026-07-24
The net expense ratio is 0.72%: a 0.70% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $313K in broker commissions, 0.0431% of average net assets, and portfolio turnover was 56%.
FMFEX Fees and Expenses
Annual operating expenses and sales charges of FMFEX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.72% |
| Fee waiver | — |
| Net expense ratio | 0.72% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
FMFEX Costs Over Time
On $10,000 invested in FMFEX, assuming 5% a year before costs, total costs come to $480 over 5 years, cutting the return by 0.80% 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 0.72%) | $76 | $236 | $411 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $263 | $480 |
| Value after costs | $10,420 | $11,313 | $12,283 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
FMFEX 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)
FMFEX 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.