MAFIX Fees and Costs — Abbey Capital Multi-Asset Fund, Class I
Data updated: 2026-07-28
The net expense ratio is 1.80%: a 1.77% management fee plus 0.10% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 0%.
MAFIX Fees and Expenses
Annual operating expenses and sales charges of MAFIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.77% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.88% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MAFIX Costs Over Time
On $10,000 invested in MAFIX, assuming 5% a year before costs, total costs come to $1,108 over 5 years, cutting the return by 1.89% 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 1.80%) | $189 | $585 | $1,006 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $189 | $614 | $1,108 |
| Value after costs | $10,311 | $10,962 | $11,655 |
| Impact on return, per year | 1.89% | 1.89% | 1.89% |
MAFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
MAFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS LLC | $1.2B | 100.00% |
Abbey Capital Multi-Asset Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MAFIX | Class I | 1.80% | none |
| MAFAX | Class A | 2.05% | 5.75% |
| MAFCX | Class C | 2.80% | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.