MAINX Fees and Costs — Matthews Asia Total Return Bond Fund, Investor Class
Data updated: 2023-03-09
The net expense ratio is 1.05%: a 0.55% management fee plus 0.50% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 62%.
MAINX Fees and Expenses
Annual operating expenses and sales charges of MAINX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| 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 |
MAINX Costs Over Time
On $10,000 invested in MAINX, assuming 5% a year before costs, total costs come to $656 over 5 years, cutting the return by 1.10% 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 1.05%) | $110 | $344 | $596 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $656 |
| Value after costs | $10,390 | $11,215 | $12,107 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
MAINX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $69.4M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
MAINX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $11.8M | 18.47% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | $9.1M | 14.24% |
| CitiGroup Global Markets Inc. | $8.9M | 13.93% |
| JEFFERIES LLC | $7.7M | 12.05% |
| BNP PARIBAS SECURITIES CORP. | $6.2M | 9.69% |
| HSBC SECURITIES (USA), INC. | $6.0M | 9.35% |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | $5.1M | 7.92% |
| CREDIT SUISSE SECURITIES (USA) LLC | $3.3M | 5.16% |
| MORGAN STANLEY & CO. LLC | $3.3M | 5.10% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $2.6M | 4.10% |
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.