MCPXX Fees and Costs — MuniCash, Capital Class
Data updated: 2026-02-25
The net expense ratio is 0.25%: a 0.27% management fee plus 0.07% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees.
MCPXX Fees and Expenses
Annual operating expenses and sales charges of MCPXX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.34% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| 7-day yield | 0.02% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MCPXX Costs Over Time
On $10,000 invested in MCPXX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
MCPXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $53.3B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
MCPXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $18.2B | 35.21% |
| Barclays Capital, Inc. | $9.3B | 17.93% |
| National Financial Services LLC | $5.7B | 11.00% |
| BofA Securities, Inc. | $4.8B | 9.20% |
| Goldman Sachs & Co. LLC | $4.1B | 7.84% |
| Morgan Stanley & Co. LLC | $2.5B | 4.87% |
| Wells Fargo Securities, LLC | $2.4B | 4.60% |
| RBC Capital Markets, LLC | $2.3B | 4.38% |
| Truist Securities, Inc. | $1.3B | 2.59% |
| Pershing LLC | $1.2B | 2.38% |
MuniCash Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MCSXX | Institutional Class | 0.20% | — |
| MCPXX | Capital Class | 0.25% | — |
| MCDXX | Dollar Class | 0.45% | — |
| BRCXX | C000003976 | 0.70% | — |
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.