MBIIX Fees and Costs — Global Franchise Portfolio, Class II
Data updated: 2023-08-25
The net expense ratio is 1.20%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.82% other expenses, less a 0.67% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2K in broker commissions, 0.0050% of average net assets, and portfolio turnover was 14%.
MBIIX Fees and Expenses
Annual operating expenses and sales charges of MBIIX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.82% |
| Gross expense ratio | 1.87% |
| Fee waiver | −0.67% |
| Net expense ratio | 1.20% |
| 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 |
MBIIX Costs Over Time
On $10,000 invested in MBIIX, assuming 5% a year before costs, total costs come to $751 over 5 years, cutting the return by 1.27% 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 1.20%) | $126 | $392 | $679 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $413 | $751 |
| Value after costs | $10,373 | $11,163 | $12,012 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
MBIIX 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): 0.0050%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $10.6M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
MBIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $337 | 26.15% |
| J.P. Morgan Securities LLC | $166 | 12.87% |
| Virtu Americas LLC | $160 | 12.43% |
| Parel | $142 | 11.01% |
| Credit Suisse Securities (USA) LLC | $126 | 9.80% |
| RBC Capital Markets, LLC | $105 | 8.14% |
| Goldman Sachs & Co. LLC | $74 | 5.78% |
| UBS Securities LLC | $69 | 5.35% |
| KeyBanc Capital Markets Inc. | $58 | 4.48% |
| BofA Securities, Inc. | $51 | 3.99% |
MBIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $10.6M | 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.