MABBX Fees and Costs — U.S. Focus Real Estate Portfolio, Class C
Data updated: 2024-11-27
The net expense ratio is 1.85%: a 0.60% management fee, a 1.00% 12b-1 fee plus 10.24% other expenses, less a 9.99% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2023 the fund paid $3K in broker commissions, 0.0790% of average net assets, and portfolio turnover was 92%.
MABBX Fees and Expenses
Annual operating expenses and sales charges of MABBX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 1.00% |
| Other expenses | 10.24% |
| Gross expense ratio | 11.84% |
| Fee waiver | −9.99% |
| Net expense ratio | 1.85% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MABBX Costs Over Time
On $10,000 invested in MABBX, assuming 5% a year before costs, total costs come to $1,184 over 5 years, cutting the return by 2.03% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.85%) | $194 | $600 | $1,031 |
| Trading costs (broker commissions) | $8 | $26 | $44 |
| Lost growth on money paid in costs | $0 | $31 | $110 |
| Total costs | $306 | $657 | $1,184 |
| Value after costs | $10,194 | $10,919 | $11,578 |
| Impact on return, per year | 3.06% | 2.03% | 2.03% |
MABBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0790%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $1.3M
- Portfolio turnover (prospectus): 92%
- Securities on loan, average value: $12K
- Net income from securities lending: $4 (0.000% of average net assets)
MABBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $2K | 45.39% |
| Evercore Group L.L.C. | $341 | 10.19% |
| Cantor Fitzgerald & Co. | $332 | 9.92% |
| BofA Securities, Inc. | $302 | 9.02% |
| Barclays Capital Inc. | $287 | 8.59% |
| J.P. Morgan Securities LLC | $155 | 4.63% |
| RBC Capital Markets, LLC | $126 | 3.76% |
| Goldman Sachs & Co. LLC | $125 | 3.74% |
| Liquidnet, Inc. | $125 | 3.73% |
| BMO Capital Markets Corp. | $34 | 1.02% |
MABBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.3M | 100.00% |
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.