MAMQX Fees and Costs — Mid-Cap Equity Index Fund, Class
Data updated: 2020-11-24
The net expense ratio is 0.13%: a 0.13% management fee plus 1.26% other expenses, less a 1.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $1K in broker commissions, 0.0059% of average net assets, and portfolio turnover was 20%.
MAMQX Fees and Expenses
Annual operating expenses and sales charges of MAMQX. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.13% |
| 12b-1 fee | — |
| Other expenses | 1.26% |
| Gross expense ratio | 1.39% |
| Fee waiver | −1.26% |
| Net expense ratio | 0.13% |
| 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 |
MAMQX Costs Over Time
On $10,000 invested in MAMQX, assuming 5% a year before costs, total costs come to $86 over 5 years, cutting the return by 0.14% 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 0.13%) | $14 | $43 | $75 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $14 | $47 | $86 |
| Value after costs | $10,486 | $11,529 | $12,676 |
| Impact on return, per year | 0.14% | 0.14% | 0.14% |
MAMQX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0059%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $31.6M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
MAMQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $954 | 63.95% |
| CREDIT SUISSE SECURITIES (USA) LLC | $354 | 23.74% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $184 | 12.31% |
MAMQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $10.1M | 32.00% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $7.6M | 24.15% |
| BNY MELLON CAPITAL MARKETS, LLC | $5.7M | 18.05% |
| Wells Fargo Securities LLC | $5.5M | 17.40% |
| Goldman Sachs & Co, LLC | $2.0M | 6.50% |
| ROYAL BANK OF CANADA | $500K | 1.58% |
| MORGAN STANLEY & CO. LLC | $100K | 0.32% |
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.