MDKIX Fees and Costs — MM S&P Mid Cap Index Fund, Class R5
Data updated: 2022-05-27
The net expense ratio is 0.28%: a 0.10% management fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $82K in broker commissions, 0.0181% of average net assets, and portfolio turnover was 16%.
MDKIX Fees and Expenses
Annual operating expenses and sales charges of MDKIX. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.28% |
| Fee waiver | — |
| Net expense ratio | 0.28% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MDKIX Costs Over Time
On $10,000 invested in MDKIX, assuming 5% a year before costs, total costs come to $189 over 5 years, cutting the return by 0.31% 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 0.28%) | $29 | $92 | $161 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $103 | $189 |
| Value after costs | $10,469 | $11,473 | $12,574 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
MDKIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0181%
- Total broker commissions: $82K
- Bought from dealers (principal trades, not a cost): $978.3M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $10.4M
- Net income from securities lending: $24K (0.005% of average net assets)
MDKIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $10K | 20.19% |
| Morgan Stanley & Co. LLC | $6K | 12.45% |
| Bank of America Merrill Lynch | $5K | 10.54% |
| JPMorgan Chase & Co. | $5K | 10.07% |
| Citigroup Inc. | $5K | 9.87% |
| UBS Group AG | $5K | 9.37% |
| Capital Institutional Services, Inc. | $4K | 8.48% |
| Credit Suisse Group AG | $4K | 7.94% |
| Liquidnet, Inc. | $3K | 5.89% |
| Royal Bank of Canada | $3K | 5.20% |
MDKIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $974.5M | 99.61% |
| JPMorgan Chase & Co. | $3.9M | 0.39% |
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.