IMPXX Fees and Costs — Government Portfolio, Impact Class
Data updated: 2026-02-27
The net expense ratio is 0.15%: a 0.15% management fee plus 0.05% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees.
IMPXX Fees and Expenses
Annual operating expenses and sales charges of IMPXX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.20% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.15% |
| 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 | No |
IMPXX Costs Over Time
On $10,000 invested in IMPXX, assuming 5% a year before costs, total costs come to $95 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $95 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
IMPXX 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): $11.64T
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
IMPXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.39T | 29.65% |
| Wells Fargo Securities, LLC | $1.12T | 13.86% |
| BNY Capital Markets, LLC | $962.0B | 11.92% |
| Northern Trust Securities, Inc. | $675.4B | 8.37% |
| MUFG Securities Americas Inc. | $638.6B | 7.91% |
| Deutsche Bank Securities Inc. | $602.9B | 7.47% |
| Natixis Securities Americas LLC | $549.2B | 6.80% |
| BofA Securities, Inc. | $438.0B | 5.42% |
| Natwest Markets Securities Inc. | $355.7B | 4.41% |
| Daiwa Capital Markets America Inc. | $338.9B | 4.20% |
Government Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| COSXX | CastleOak Share Class | 0.15% | — |
| IMPXX | Impact Class | 0.15% | — |
| IPGXX | Impact Partner Class | 0.15% | — |
| MALXX | Advisor Class | 0.15% | — |
| MPXXX | Institutional Plus Class | 0.17% | — |
| MVRXX | Institutional Class | 0.17% | — |
| MGSXX | Institutional Select Class | 0.20% | — |
| MVVXX | Investor Class | 0.25% | — |
| MGOXX | Administrative Class | 0.30% | — |
| MSGXX | Cash Management Class | 0.30% | — |
| MAYXX | Advisory Class | 0.40% | — |
| MPCXX | Participant Class | 0.65% | — |
| MSDXX | Select Class | 0.95% | — |
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.