IMXXX Fees and Costs — Treasury Securities Portfolio, Impact Class
Data updated: 2026-02-27
The net expense ratio is 0.20%: a 0.15% management fee plus 0.06% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees.
IMXXX Fees and Expenses
Annual operating expenses and sales charges of IMXXX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.21% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.20% |
| 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 |
IMXXX Costs Over Time
On $10,000 invested in IMXXX, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
IMXXX 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): $769.6B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
IMXXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $226.0B | 35.84% |
| Barclays Capital Inc. | $82.7B | 13.11% |
| Deutsche Bank Securities Inc. | $50.6B | 8.03% |
| Goldman Sachs & Co. LLC | $49.3B | 7.82% |
| HSBC Securities (USA) Inc. | $42.7B | 6.77% |
| Citigroup Global Markets Inc. | $41.1B | 6.52% |
| Wells Fargo Securities, LLC | $40.7B | 6.46% |
| BofA Securities, Inc. | $34.2B | 5.42% |
| Nomura Securities International, Inc. | $32.7B | 5.18% |
| BMO Capital Markets Corp. | $30.6B | 4.85% |
Treasury Securities Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IMXXX | Impact Class | 0.20% | — |
| IPUXX | Impact Partner Class | 0.20% | — |
| MAZXX | Advisor Class | 0.20% | — |
| MDPXX | C000271635 | 0.20% | — |
| MSUXX | Institutional Class | 0.20% | — |
| MSXXX | Institutional Plus Class | 0.22% | — |
| MSSXX | Institutional Select Class | 0.25% | — |
| MNVXX | Investor Class | 0.30% | — |
| MAMXX | Administrative Class | 0.35% | — |
| MHSXX | Cash Management Class | 0.35% | — |
| MVYXX | Advisory Class | 0.45% | — |
| MPRXX | Participant Class | 0.70% | — |
| MSEXX | Select Class | 1.00% | — |
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.